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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Sep 08, 1996
Page
5
In the 1990s residential real estate lagged behind stock gains as a money-making asset. While some markets still rose, many investors soured on houses as sure profit makers, though housing retains inflation hedging and long term wealth-building potential according to advisers and a Fannie Mae survey.
Retail centers increasingly pair shopping with entertainment shaping consumer behavior. Mission Valley Mall reports double digit gains after a 20 screen AMC theater opened, with longer hours drawing crowds. Shoppers cite immersive stores like Incredible Universe and Barnes & Noble as key attractions fueling purchases.
The new tax law raises the minimum wage and adds credits for adoptions including special needs, with $5,000 standard and $6,000 special needs credits. It also lowers luxury auto tax from 10 to 9 percent on amounts over $34,000, reducing a $44,000 car tax from $1,000 to $900. Consumers should time adoptions and purchases to optimize refunds.
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