Daily Archives: November 25, 2013

Facebook is for grandparents | Waccabuc NY Realtor

It’s time to move on. The feeling is becoming more and more significant with each passing day and it just keeps spreading.

It’s just not it any more… we want something new, exciting, which can take us places we’ve never been. We want to be surprised again. We want a new, better social network.

Facebook may say its user base is growing, but original members from the last decade appear to be leaving in droves. As more niche networking services and platforms enter the space, people are finding that not any one company is serving all of their networking needs. Our tastes and channels are becoming fragmented, and users are pushing back on accepted norms in the social media space.

This is inevitable. It’s a natural life cycle for any product; unless it somehow becomes a living organism with its own reproductive system and evolution, one will eventually wither and die. Facebook cannot evade this process – it regenerates with nuances, but is not reinventing itself.

For inventions, it usually looks like this:

bellcurve 520x321 Facebook is for grandparents: What we need in a next gen social network

Early adopters as shown in the Rogers’ bell curve

This curve is missing something important – the two-way migration that happens over time. When the late majority joins in, the innovators and early adopters are already feeling uncomfortable.

Facebook today doesn’t resemble a thriving, living metropolis – it’s more of a friendly neighborhood bar. For that reason, FB will face its cruel destiny of simply fading away. Living in the same city as your parents is forgiven and acceptable; there is enough diversity and distance between everyone. But finding yourself sitting in the same bar as your mom and dad – that’s horrifying. When your father posts pictures of sunsets and breakfast on his wall you know it’s over.

The conclusion is undeniable; a new social network is needed. These are the things that will make it awesome and sustainable…

 

 

 

http://thenextweb.com/socialmedia/2013/11/24/

Genworth Mortgage Insurance will offer discounts on ‘green’ homes | Bedford Corners Real Estate

Mortgage insurers have statistical evidence that people who buy homes with energy-saving components present a lower risk of default, and Genworth Mortgage Insurance is determined to reward those homeowners by incorporating that knowledge into its underwriting procedures, syndicated housing columnist Ken Harney reports.

Genworth already offers Canadian buyers a 10 percent “energy-efficient refund” on their premiums, and more leeway on debt-to-income ratio calculations used in underwriting.

On a $300,000 mortgage with a 5 percent down payment, Canadian homeowners can qualify for an $825 refund, and have savings on heating bills factored into debt service ratios. Source: courant.com.

 

 

– See more at: http://www.inman.com/wire/genworth-mortgage-insurance-will-offer-discounts-to-owners-of-green-homes/#sthash.6DOcnD4E.dpuf

Good news for California homeowners facing short sales | Mount Kisco Real Estate

Under regular tax rules, when a lender forgives a debt — that is, relieves the borrower from having to pay it back — the amount of the debt is taxable income to the borrower.

A homeowner who has $100,000 in mortgage debt forgiven through a short sale, for example, would have to pay income tax on the $100,000.

This “cancellation of indebtedness” rule could have caused enormous financial hardship to the millions of homeowners whose homes were “underwater” during the home foreclosure crisis that began in 2007. To prevent this, Congress enacted the Mortgage Forgiveness Debt Relief Act of 2007.

This law allowed homeowners to exclude from their taxable income up to $2 million of debt forgiven on their principal residence by a lender in a short sale, mortgage restructuring, or forgiven in a foreclosure. This law was never intended to be permanent. It was originally scheduled to expire at the end of 2009.

However, it was extended for an additional four years. It will now expire at the end of 2013. The law could be extended again, but there appears to be little urgency in Congress to do so. That means starting on Jan. 1, 2014, there is a good chance that the old rules on forgiveness of home loan debt will come back into force.

 

 

See more at: http://www.inman.com/2013/11/25/good-news-for-california-homeowners-facing-short-sales/#sthash.WbCTNyDm.dpuf

Doors to single-property investing could be thrown open to all | Armonk Real Estate

Sometimes, when you cover your ears to escape all the chatter about real estate crowdfunding, you may ask yourself, “What is the big deal?”

After all, crowdfunding is not new. Indeed, it’s ancient.

“At the end of the sermon, they’re passing the plate,” crowdfunding expert Sydney Armani said at a recent crowdfunding conference hosted by The Soho Loft, a financial adviser for crowdfunders.

Real estate finance is also no stranger to crowdfunding. For decades, intermediaries have aggregated and funneled money from investors to real estate companies that use the money to purchase or develop property.

But the fact is, the technology-fueled method of pooling money for real estate investments that has come to hog the label of “crowdfunding” iterates on its predecessors in a fashion that could transform real estate finance in a big way, particularly once the Securities and Exchange Commission (SEC) fully implements new regulatory changes.

As a result, the differences between crowdfunding and its ancestral forms may be worth exploring. If you’re interested, they boil down to two words: access and transparency.

 

 

 

– See more at: http://www.inman.com/2013/11/25/real-estate-crowdfunding-why-its-a-big-deal/#sthash.3q46y8J9.dpuf