Renters seek tax breaks as housing market strains persist
The National Tenants Association pushes for a 25 percent income tax credit on tenants' annual rent to aid about 52 million renters amid high interest rates and price gaps. NTA cites 37 percent of the population renting, $25 billion in rent yearly, and 94 percent urban occupancy, while urging protections for seniors on fixed incomes and rental units amid condo conversions.
MENTIONED IN THIS ARTICLE
Michael O'Connor
Copley News Service
National Tenants Association
NTA
AEA Nevereete Maneemae
Washington
Bruce Mazzle
Mazzie
Scottsdale Real Estate Listings February 5 1977
Real estate notices from Scottsdale Arizona listed in the February 5 1977 Scottsdale Daily Progress include properties for sale and parcels on offer. Details are limited to cataloged listings and brief identifiers in this dated real estate page.
Title company taps Beville and Totman for leadership roles
Minnesota Title appoints William Buzz Beville as senior escrow officer and branch manager at 6950 E Camelback Rd and Richard Totman as co director of marketing overseeing Tempe Mesa Chandler and east Phoenix. Nancy McCullough also named escrow officer at 6950 E Camelback. Beville Arizona native ASU alum. Totman UW and Chicago MBA grad. Totman to market in multiple East Valley areas.
MENTIONED IN THIS ARTICLE
William “Buzz” Beville
Minnesota
E. Camelback Rd
Richard C. Totman
Totman
E. Shoeman Lane
Tempe
Mesa
Chandler
East Phoenix
Nancy McCullough
E. Camelback
Beville
Arizona State University
ASU College of Business Alumni Association
University of Wisconsin
University of Chicago
Arizona Construction Valuations Jump in 1976
Dodge Division reports December 1976 nonresidential and residential contracts rise sharply from 1975. Total calendar year 1976 valuation advances 43 percent to about 2.4 billion, with December totals near 112 million, led by residential work. Scottsdale real estate firm awards and sales activity noted. a West Phoenix apartment complex and 15 lots sold for about 1.5 million to Canadian investors.
MENTIONED IN THIS ARTICLE
Arizona
F. W. Dodge
McGraw-Hill — Information Systems Co
Dodge
Ed Thirkhill
Tom Fannin and Associates, Inc
West
Phoenix
Clyde, Wilkes
Jack Arthur
Commercial Real Estate
W. Polk
Changes tighten rules on vacation home tax breaks
The article explains new limits for tax shelters on vacation homes. To qualify the owner must reside in the home for at least five of eight years or, if owned by a couple, one owner over 65 suffices. Personal use limits apply: no more than 14 days or 10 percent of rental days, whichever is greater, for investment status. Regular mortgage interest and property tax deductions remain available.
PC Official to Address IREM Group
Duane C. Brickner, Phoenix College distributive education coordinator, will speak February 14 to Arizona Chapter 47 of the Institute of Real Estate Management. He will discuss Communications: Seven Key Links in Its Chain at noon in the Saddleback Inn dining room, 2420 E Camelback Rd.
MENTIONED IN THIS ARTICLE
Duane C. Brickner
Phoenix College
Arizona
Institute of Real Estate Management
Brickner
Saddleback Inn
Camelback Rd
1976 Tax Act Changes for Real Estate and Owners
The Tax Reform Act of 1976 brings major shifts in real estate. Seniors over 65 gain a $35,000 tax free on home sales, up from $20,000. Home office deductions now require exclusive business use, with no personal use allowed. Condo associations lose tax on dues income, effective December 31 1973, potentially lowering owner assessments. Demolition costs for historic buildings no longer deductible, promoting remodeling. Consult an accountant before big tax moves.
Also Mentioned on This Page
Scottsdale Memorial Hospital
Fountain Hills
McCulloch Properties
Schoneberger’ S Associates
Walmsley Buildings Co
Scottsdale ( Az
Title Company
Scottsdale
Irem Group
James M. Woodard
E. Presidio St
North Scottsdale
Anderson-Uptain, General Contractors
Audrey Bergner
Eves
RUSS
LYON
Camelback
Sweetwater Street
Paradise Valley
Heron
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