FHCE 2100 Lecture Notes - Lecture 9: Tax Shelter, No Liability, Interest Rate
11 Sep 2016
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Intro, and issues 1&2 for test friday she will email us what we need to be studying. Understand basic concepts, be able to identify and explain graphs. A housing unit detached from others, own the land, building (barn/shed), and all improvements. Or can be row housing and townhomes that share a common wall. Higher resale value generally the highest on single-family detached homes. Home offers an investment option (inflation hedge) Causes you to save as you accumulate equity as you pay down your mortgage. Your own space can modify or improve it as you wish. Democratically governed non-profit corporation in which the residents, as shareholders, own stock representative of the value of their unit. Only own a share of the legal entity. Rent increases to cover maintenance costs of vacant units and capital improvements. Residents have sole ownership of the living space but joint ownership of the land and common areas. No liability for mortgage; no down payment.
