Trivia Teaser - Just Curious Moneywise Honoring Washington

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Moneywise
Mortgage interest deduction
on the chopping block?
As the politicians look for ways to get more
tax revenue, the once-sacred mortgage
interest deduction seems destined to
change.
Only 26 % of taxpayers take the mortgage
interest deduction, but those who do say it's
something that they depend on.
Most lower income taxpayers do not benefit
by itemizing and taking the mortgage
interest deduction. Only 8 percent of people
making less than $50,000 claim the
deduction.
In states with high-cost housing, like
California, Hawaii, Virginia, Maryland and
Nevada, the average interest deduction is
about $12,000, or more than the standard
deduction of $11,900. In those areas, some
say the mortgage interest deduction was a
factor in buying a home.
The deduction is a rich source of possible tax
revenue. Homeowners keep $108 billion
using the deduction.
Honoring
Washington, Lincoln
and all past presidents
on Presidents' Day
Grant, Rutherford Hayes, James Garfield,
Benjamin Harrison, William McKinley,
William Howard Taft and Warren Harding.
Massachusetts has four favorite sons
who were presidents of the United
States: John Adams, John Quincy Adams,
John F. Kennedy and George H.W. Bush.
On Monday, the 18th of February, we
New York had four presidents, Theodore
remember the most beloved presidents in Roosevelt, Franklin D. Roosevelt, Martin
American History, George Washington and Van Buren and Millard Fillmore.
Abraham Lincoln.
Pennsylvania’s
Though it would not be
only native son
possible to create a
was Franklin
holiday for all of the 41
Pierce.
other past presidents,
John Adams,
we remember and honor
second
them.
president of the
On this day, individual
United States
states particularly honor
was elected in
their favorite sons who
1797. He was
served as president.
the first
Some states have one or
president to live
two presidents, but
in the White
many others have several. Virginia had eight House. He and his wife, Abigail, moved
presidents: George Washington, Thomas
there in 1800, while the building was still
Jefferson, James Madison, James Monroe, under construction.
William Henry Harrison, John Tyler, Zachary
Taylor and Woodrow Wilson.
Ohio was the birthplace of seven: Ulysses S.
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Trivia Teaser - Just Curious
1. According to a popular saying, what animal was killed by curiosity? a-Pig, b-Horse, c-Cat,
d-Dog.
2. In the Brad Pitt movie "The Curious Case of Benjamin Button," Benjamin Button was born in
what city? a-Mexico City, b-Toronto, c-Las Vegas, d-New Orleans.
3. What color is the hat worn by the man who accompanies fictional monkey Curious George?
a-Red, b-Yellow, c-White, d-Silver.
4. Who was the author of the 1841 novel "The Old Curiosity Shop"? a-Mark Twain, b-Leo Tolstoy,
c-Charles Dickens, d-George Eliot.
5. Which literary character uttered the phrase "curiouser and curiouser"? a-Dracula, b-Anne of
Green Gables, c-Alice in Wonderland, d-Pollyanna.
6. Which pop singer lent her name to perfumes produced by Elizabeth Arden called Curious and
Fantasy? a-Madonna, b-Britney Spears, c-Miley Cyrus, d-Christina Aguilera.
7. What is the name of the Martian crater where the Curiosity rover landed in 2012?
a-Clara Crater, b-Victoria Crater, c-Curious Crater, d-Gale Crater.
8. "Curiosity" was the first single from what band whose bigger hits of the 1980s included
"Crush on You," "Rocket 2 U," and "You Got It All"? a-The Jets, b-Roxette, c-Men Without Hats,
d-Miami Sound Machine.
9. What brand of breath mints is promoted as "Curiously Strong"? a-Certs, b-Tic Tacs, c-Altoids,
d-Mentos.
10. "Over many a quaint and curious volume of forgotten lore" is the second line of what famous poem? a-"Tam o' Shanter," b-"Ode to Immortality," c-"O Captain, My Captain,"d-"The
Raven."
Titusville NJ
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.
The rent on our apartment has risen for the fourth year
in a row. Is this still a good time to buy a home?
Yes, now is the best time to buy because homes will never cost
less than they do right now, at least within the next
decade or two.
Home prices fell by up to 30 % since their 2006 peak. Though
they are rising by a few percentage points a year now, homes
are still a big bargain.
Apartment rentals are not.
Nationwide, rents rose by an average of 4.6 % this year after
rising by 4.1 % in 2011.
But that's certainly not the end of rent increases. The National
Association of Realtors predicts that apartment rent will continue to rise by 4 %
or more, at least in 2014 and 2015, and maybe for years after that. In California, 8
% increases are common.
Nationwide, one cause of lease and rent increases is the shortage in rentals and
the very limited number of apartment units under construction, according to
MPF Research. Add to that, household formations are rising and will continue to
grow slightly faster next year. And with a stronger economy, more people are
moving away from shared homes and looking for an apartment of their own.
Landlords say rent increases are necessary because of their rising expenses. The
pendulum, however has definitely swung back in their favor, say economists at
market researcher Reis.com, quoted in The Wall Street Journal.
The rising economy and high apartment rents are prompting people to make
the wise move to home ownership. Many say they have no problem paying their
rent; they just want to get their money's worth, just as they do when they shop
at a store.
If you have a stable job and savings for a down payment go ahead and buy a
home.
Financial wisdom is just one of the benefits of having your own place.
Answers to Just Curious 1-c, Cat
2-d, New Orleans 3-b, Yellow , 4-c, Charles
Dickens , 5-c, Alice in Wonderland
6-b, Britney Spears 7-d, Gale Crater 8-a,
The Jets 9-c, Altoids 10-d, "The Raven"
upgrade their homes.
At the same time, banks are seeing mortgage profits,
high refinance volumes and a stronger demand for
new loans. The chief U.S. economist at Deutsche Bank
says, "Housing's share belies its importance to the
economy. The confidence effects are massive."
Rising prices are driving the market as buyers work to
While uncertainty about taxes and government
spending has kept businesses from expanding and the zero in on a deal before prices rise again. Additionally,
Gross Domestic Product at a low level, one area of the high rents and the formation of new households have
ignited demand.
economy is projected to grow at a level not seen in
The housing market is moving in the right direction
years.
with rising prices, up 7.6 percent from a year ago, but
The housing market is raising consumers' confidence
smart consumers realize that homes are still an
and spurring the spending that gives the economy a
amazing bargain.
boost. Home buyers seem to be unaffected by the
During the recession, prices fell by 30 percent. Though
uncertainty that has kept the GDP from growing.
While the real estate recovery is essentially in its early they are rising, little by little, they still offer great
opportunities, says The National Association of
stages, its steady improvement is offsetting some of
Realtors.
the slowdown in manufacturing. Home prices are on
course to outpace even the most optimistic forecasts Don't forget that the advantage of home ownership
of last year, say economists reporting in the Wall Street involves more than just money. It gives the owner a
feeling of pride and control. He or she knows what the
Journal.
Home sales are boosting the economy in other ways as payment will be for years to come, and they can
well. Retailers are seeing homeowners who are there redecorate or improve their homes whenever they
to buy materials for redecorating and to refurnish and decide to do it.
Housing is bringing a
much-needed
boost to the economy
built with decks and patios has flattened. They are
expensive and take up space, usually behind the house.
If the building lot is large enough to accommodate
them, people think the deck or patio can be added
Construction companies are pleased to see the current later.
There is a current trend toward smaller homes that
increase in new home orders. They also notice that
have a front porch. The porches have
buyers ordering a home are focusing
social appeal, and with plantings,
mainly on living quarters.
lighting and porch posts, they
The percentage of homes built
enhance the entrance to the home.
without a garage or carport hit 13
Two-thirds of new homes built in 2011
percent in 2010 and 2011 and is rising
had a porch, a percentage that has
again since then.
been rising for about 10 years.
The National Association of Home
One Philadelphia developer says he
Builders says skipping the garage is
specializes in townhouses with
often about using public
transportation if the new construction is built closer to porches, because that's what people want.
employment centers and public transit.
The Census also shows that the number of new homes
More front porches, fewer
decks, patios and garages
Thanks to all my clients who helped me keep my position as the NUMBER ONE Re/Max Agent in Bucks County again in 2012
based on total sales in 2012
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