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NEP: New Economics Papers Urban and Real Estate Economics Edited by: Steve Ross University of Connecticut Issue date: 2012-04-17 Papers: 23 Note: Access to full contents may be restricted.  NEP is sponsored by SUNY Oswego. To subscribe/unsubscribe follow this link http://lists.repec.org/mailman/options/nep-ure In this issue we have: Is India's Manufacturing Sector Moving Away From Cities? Ejaz Ghani; Arti Grover Goswami; William R. Kerr A Regional Model of Endogenous Growth with Creative Destruction Steven Bond-Smith Local average neighborhood effects from moving to opportunity Dionissi Aliprantis; Francisca G.-C. Richter Compulsory Schooling Laws and In-School Crime: Are Delinquents Incapacitated? Gregory A. Gilpin; Luke A. Pennig What price a roof? Housing and the cost of living in 16th-century Toledo Drelichman, Mauricio; Gonzalez Agudo, David Well-Being in Germany: GDP and Unemployment Still Matter Johannes Vatter Landfill Diversion in a Decentralized Setting: a Dynamic Assessment of Landfill Taxes Massimiliano Mazzanti; Francesco Nicolli Taxing home ownership: distributional effects of including net imputed rent in taxable income Francesco Figari; Alari Paulus; Holly Sutherland; Panos Tsakloglou; Gerlinde Verbist; Francesca Zantomio Early Childhood "Pay-For-Success" Social Impact Finance: A PKSE Bond Example to Increase School Readiness and Reduce Special Education Costs Robert Dugger; Robert Litan Complex Methods in Economics: An Example of Behavioral Heterogeneity in House Prices Bolt, W.; Demertzis, D.; Diks, C.G.H.; Van der Leij, M.J. Robust Test for Spatial Error Model:Considering Changes of Spatial Layouts and Distribution Misspecification Guo, Penghui; Liu, Lihu Comparing Treatments across Labor Markets: An Assessment of Nonexperimental Multiple-Treatment Strategies Carlos A. Flores; Oscar A. Mitnik Understanding Places Using a Mixed Method Approach Deutsch, Kathleen E; Goulias, Konstadinos G. Hope VI Fairfield Court Neighborhood: 2011 Evaluat

Investing in tax liens and tax deeds is an excellent way to build cash flow. Invest in government tax liens-buy low, sell low. Move your property quickly and keep investing. You can also build residual income by investing wisely in tax deeds with the intention of converting them into rental income properties. You might have to invest a little into upgrades and repairs, but with good choices, you can generate a steady flow of cash.

Investing in tax liens and tax deeds is an excellent way to build cash flow. Invest in government tax liens-buy low, sell low. Move your property quickly and keep investing. tax deed sales You can also build residual income by investing wisely in tax deeds with the intention of converting them into rental income properties. You might have to invest a little into upgrades and repairs, but with good choices, you can generate a steady flow of cash.

As per the budget proposal for 2010-11, the finance ministry has suggested service tax on construction and sale of property. Service Tax is a tax levied on service providers in India. The objective behind levying service tax is to reduce the degree of intensity of taxation on manufacturing and trade without forcing the government to compromise on the revenue needs. As per the budget proposal, the finance ministry has suggested 10 per cent service tax on construction and sale of property.There is a false impression being created that prices will go up by 10 per cent but the fact is that 10 per cent service tax is levied only on 33 per cent of the value.

Change is in the air! The Daily Local News reports that investigations after the departure of two former administrators prompted the Coatesville, PA area school board to consider banning sale of delinquent property claims at tax deed auctions.

Change is in the air! The Daily Local News reports that investigations after the departure of two former administrators prompted the Coatesville, PA area school board to consider banning sale of delinquent property claims at tax deed auctions. At the same time, the publication reports country singer, Dickie Stickhead hopes to slow the rush to celebrate Christmas with his new music video, The Turkey Song, filmed in Kennett. Back in Coatesville, since 2005, the district has sold many of delinquent property tax claims to third parties through deals brokered by Municipal Revenue Services, a private firm. The Local Daily News obtained four years of delinquent property tax claim documents from The Harrisburg Authority, a public body in the state's capital. At a meeting of the school board's finance meeting, board member, Joe Dunn, unexpectedly proposed a motion banning the school district from making such deals in the future. Said Dunn, "For certain tax flow implications from years gone by, and credit risk reasons, the district had a policy … of selling its delinquent taxes. It made sense when you had both interest rate risk and credit risk", he said. "The credit risk came from the fact that you could delay the sale of a tax-delinquent property for years. If you had a good lawyer you could stretch it out eight, nine, 10 years. So there was some credit risk that you could allow the property to decline, then by the time the district or the tax agency was able to collect you would not be able to collect the full value of the tax because the property is deteriorated below the value of the taxes owed."

Five months from now, and after two years delay, Essex County will hold its first tax sale. Homes that have been seized by the government for unpaid back taxes will be sold on Wednesday, April 30, 2014 at 10 am at the Ticonderoga Best Western Resort. The last tax deed auction was held in June 2009. Included as part of the sale will be properties owing taxes since as far back as 2006, and 2007. According to county attorney, Daniel Manning III, County Judge Richard Meyer and auctioneer, Edward Haroff have signed off on the list of properties.

Five months from now, and after two years delay, Essex County will hold its first tax sale. Homes that have been seized by the government for unpaid back taxes will be sold on Wednesday, April 30, 2014 at 10 am at the Ticonderoga Best Western Resort. The last tax deed auction was held in June 2009. Included as part of the sale will be properties owing taxes since as far back as 2006, and 2007. According to county attorney, Daniel Manning III, County Judge Richard Meyer and auctioneer, Edward Haroff have signed off on the list of properties.

In a live tax lien auction a bidder will lower his bid in one percent increments until everyone else leaves the bid or the investor's interest goes below an acceptable minimum level. In order to determine this, the investor must be clear about how low he/she is willing to go on specific properties. At that point the investor will drop out. Proxy bidding is a form of competitive sale in which bidders enter the minimum interest rate they're willing to accept for each certificate. In Maricopa County Arizona the auction system acts as an electronic agent, submitting bids on behalf of each bidder.

Did you lose your house this year? Did your lender forgive some of your mortgage debt because you owned more than it was worth? If so, you could be facing a big tax hit.">

Sheriff Sales and foreclosure sales declined in Illinois in 2010. Analysts are considering the effect of a tax hike on an industry experiencing sales declines.

Tax foreclosures and other types of existing dwellings recorded higher sales figures in Tampa in January. Sales in the existing home segment rose by over 14%.

CHICAGO (MarketWatch) -- Home buyers may soon win more time to get to the closing table to qualify for a federal home-buyer tax credit of up to $8,000. The House of Representatives passed the Homebuyers Assistance and Improvement Act on Tuesday to extend the deadline for the home-buyer tax credit, which would give buyers who have purchase contracts in place three more months to close on the sale. The measure still awaits approval in the Senate; a vote there could come as early as Wednesday. Under the House bill, buyers must close before Oct. 1 to be eligible for the credit. That means people who had hiccups in getting to the closing table would have a few more months to wrap things up. The closing deadline was originally June 30. To be eligible, buyers needed to have a contract in place by April 30, and that won't change through this legislation. The National Association of Realtors estimated that about 180,000 otherwise eligible buyers were likely to miss out on the credit if the original deadline was upheld. One big hurdle for buyers has been getting the mortgage approval on time, as lenders work through a clogged pipeline of applications. In the Senate, the measure to extend the closing date for these buyers is included in a bill that also would extend unemployment insurance. Majority Leader Harry Reid filed for cloture on the bill on Tuesday, and expects to have a cloture vote on the measure on Thursday, according to Reid's office. If cloture is invoked, that limits debate on the bill, bringing it a step closer to a final vote. But Reid said on the Senate floor Wednesday morning that he was working to get an agreement with Republicans to pass the House-passed tax-credit bill by unanimous consent as early as Wednesday, according to Regan Lachapelle, Reid's deputy communications director.

The process of auctioning foreclosed properties and tax deed sales in California is reportedly being investigated by the FBI. Allegations of bid rigging reportedly prompted the investigation.

The number of foreclosed properties in Ohio, including foreclosure tax lien sales, increased in 2010 from one year ago. However, numbers remained below the record-setting total reported in 2008.

Although foreclosures and tax deed sales remain high in Houston, analysts are expecting the new housing market to improve in 2011. Over 19,000 new houses are planned in the metro area for the year.

Tax deed sales and bank foreclosures in Phoenix are getting a lot of interest from homebuyers. Analysts stated that this helped lower distressed inventories.

A tax sale property or a foreclosed house can be purchased cheaply. However, most Americans are still complaining that they cannot find homes they can afford.

Some areas of the U.S. take longer than others in terms of conducting sales for tax deeds and foreclosed properties. In Florida, some metro areas take almost two years before getting foreclosures sold.

Foreclosed condos for sale and distressed houses lessen a state's chances of attracting companies. Some states are relying on tax breaks to improve employment.

Tax lien foreclosure properties have taken a huge bite out of luxury residences' sales in the past. In Massachusetts, however, 2010 luxury home sales were up.

Foreclosure tax deed sales and low number of housing units sold are threatening the Virginia housing market. Analysts stated that the recovery could stall.

Tax lien auctions and other home sales markets sold fewer properties in 2010 in some areas of Kentucky. Prices of homes did rise in some areas, though.