Category Archives: Chappaqua

Westchester Assembly will hold hearing on state budget | Chappaqua Realtor

Members of the state Assembly representing Westchester have scheduled a public hearing for Thursday from 3-6 p.m. at Greenburgh Town Hall, 177 Hillside Ave., Greenburgh.

The members want to hear about the impacts of Gov. Andrew Cuomo’s budget proposal on the area’s residents and organizations and understand their priorities.

To testify call Debra Lagapa at Assemblyman Steve Otis’ office at  914-777-3832, or email her at lagapad@assembly.state.ny.us by Wednesday morning. Written testimony may be emailed as an attachment to the Westchester Assembly Delegation at lagapad@assembly.state.ny.us or faxed to Assemblyman Otis’ office at 914-777-5416.

“Your input on key budget issues is vital,” said Assemblyman Gary Pretlow in a statement. “We urge you to make your voices heard and help us to advocate effectively for the needs and concerns of Westchester residents in this year’s budget process.”

Why You Should Steal Content | Armonk NY Realtor

Content creation has become one of the major challenges for social media marketers and online publishers. Bloggers face this obstacle every day.Why you should steal content

It is also a path of resistance to writing or even starting a blog.

The question is often posed… “What shall I write that hasn’t been said before or written about?

It stops many a creator from publishing, writing, painting or composing. Children don’t have this block. They copy everything they see. Ever seen a seven year old dressed as their  favorite super hero?

We all start somewhere.

They just begin…. with no thought to whether they are original or plagiarizing.

Playing the piano starts with learning the scales. There is nothing new or creative about that.

An online publisher, blogger and writer has to begin.

Start Stealing

Your job as an artist, producer, creator and author is to shamelessly start stealing. Many people of perceived genius and as front runners in their industry have perfected the art of stealing. All creative work stands on what has gone before.

  • “Good artists borrow, great artists steal” – Picasso
  • “The only art I’ll ever study is stuff I can steal from” – David Bowie
  • “We have always been shameless about stealing great ideas.” – Steve Jobs
  • “I invented nothing new, I simply assembled the discoveries of other men behind whom there was centuries of work” – Henry Ford

The invention of the mass production process was a collection of copied ideas and insights that took manufacturing to new heights.

Collect and Curate

The art of creativity is a mash-up and remix. You collect ideas (steal) and then curate them in lists or compositions that speak to your soul. Wrangle that content into a work of art that comes from ideas pried from reading books that inspire you, speakers whose journey touches you and  videos that make your heart sing.

Attending a conference? Take notes, copy what you hear that speaks to your soul.

If an idea creeps into your consciousness while driving, stop the car write it down or type it into your smart phone or tablet. Reading an ebook on your Kindle app on your Tablet and you read a great quote..make a note or highlight it for later. Maybe even share it to your Facebook page.

Your destiny is to collect, curate and chase down content deeper and wider than anyone else. Do more research. Google more content. Read more books.

That is how you will lead the pack.

Create with your own “Mojo”

In time that collection and curation will become embedded in your DNA. The days and years of countless copying and stealing others ideas and thoughts will become transformed into your unique composition. That collection that will have your voice woven into the fabric of your content creation and creativity. The article, blog post, book, video or music that you produce is a compilation of  years of  stealing ideas that are now your work of art.  

You are adding your own Mojo that stands on the shoulders of giants that have passed before you.

Ideas are great but?

Ideas are great but without action they are just that ..ideas.

So start that blog today. Outline the chapters of the book that you always wanted to write.

Just sit at your desk and start. The magic is in the motion. Mundane action is where the journey of creativity and genius begin.

 

 

Want to learn more about how to create compelling content?

My book – “Blogging the Smart Way – How to Create and Market a Killer Blog with Social Media” – will show you how.

It is now available to download. I show you how to create and build a blog that rocks and grow tribes, fans and followers on social networks such as Twitter and Facebook. It also includes dozens of tips to create contagious content that begs to be shared and tempts people to link to your website and blog.

I also reveal the tactics I used to grow my Twitter followers to over 130,000.

Download and read it now.

 

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Less than Half of Today’s Mortgages Will Qualify Under New Mortgage Rules | Chappaqua Real Estate

Two new Treasury Department mortgage regulations designed to reduce lender risk will make it impossible for 60 percent of the mortgages being approved today to be approved in seven years.  The impact will be greater for mortgages used to buy homes rather than refinance and in the states where prices have been most volatile.

The two rules which are being finalized the year, the Qualified Mortgage rule (QM) and the Qualified Residential Mortgage rule (QM), reduce risk for lenders but place new burdens on borrowers.  The QM rule codifies tighter higher underwriting standards that lenders have implemented since 2006 that deny loans to borrowers who cannot demonstrate their ability to repay.  The QRM rule encourages borrowers to make down payments greater than the current average in order to avoid risk retention requirements that amount to significantly higher interest rates.

However, the full impact of the rules won’t be felt for years.  The QM rule finalized last month allows loans that meet GSE and FHA underwriting guidelines-most of the mortgages originated today– to be excluded for up to seven years.  When they do take full effect, the impact will be greatest in Southern and Western states where prices risen and fallen the most.  Jumbo mortgages, which do not conform to GSE guideliens, will feel the effect as early as next year.

An analysis by CoreLogic economist Sam Khater found that only 52 percent of mortgages that conform to GSE and FHA standards will meet the QM rule’s eligibility requirements when the exclusion expires.

“By far the greatest impact is the debt-to-income threshold which removed 24 percent of all originations, said Khater.  “The second largest category is low or no-documentations lending, which removed 16 percent. The remaining QM provisions  only remove 8 percent of loans. ”

Yellen: Housing stakes a minor role in post-recession recovery | Bedford Hills Real Estate

Economic recoveries are generally lifted by new housing consumption, but the post-2008 recession failed to gain significant tailwinds from housing, Federal Reserve Vice Chairman Janet Yellen said Monday.

In fact, housing overall became much less of a stimulus in the years following the subprime-market bust, the vice chair concluded when speaking at the “A Trans-Atlantic Agenda for Share Prosperity” conference in Washington D.C.

“After a lengthy recession that imposed great hardships on American workers, the weak recovery has made the past five years the toughest that many of today’s workers have ever experienced,” Yellen added.

An important tailwind in most recoveries is housing because residential investment creates jobs in construction as well as related industries, Yellen said. 

Before the Great Recession, housing investment added a half of a percentage point on average to real Gross Domestic Product (GDP) growth in the two years after each of the previous four recessions. This was considerably more than its contribution to growth at other times, the vice chairman noted.

“During this recovery, in contrast, residential investment, on net, has contributed very little to growth since the recession ended,” Yellen stated. “The reasons are easy to understand, given the central role that housing played in the Great Recession.” 

An extended boom in construction was driven in large part by overly loose mortgage lending standards as well as unrealistic expectations of future home price increases, leading to a housing market collapse complete with plunging home sales and housing prices as well as a sharp credit contraction, according to Yellen.

Thus, tight mortgage credit conditions are still making it difficult for potential homebuyers, despite record-low mortgage interest rates, creating housing affordability.

“I’m encouraged by recent improvement in the residential sector, but the contribution of housing investment to overall economic activity remains considerably below the average seen in past recoveries,” Yellen said.

Click on the graph to view the average contribution of residential investment to real GDP growth during past recoveries.

 

Pleading the Case for Social Media: The Pros and Cons | Chappaqua Realtor

Those of us who work in social media can’t fathom why someone wouldn’t want to leverage it to promote their brand. Some of us were just were born with hash tags in our DNA and LIKEs in our blood. However many people still fail to see the true value of a quality social media effort. This can pose a problem when trying to get a brand to embrace using social media, therefore those of us who were gifted with the social super power have an obligation to fight the good fight and promote the benefits of social media. As with everything, understanding the benefits of something also means that you should be aware of the pitfalls as well. Hubspot recently released a great whitepaper discussing the pros and cons of social media and SEO. I think they provided some good insight as to why some brands might be for and against diving into social media. Let’s take a look at the pros and cons of the magical world of social media marketing.

pros cons social media

Pros:

1. Social Media Helps SEO

Whether you know it or not, strategic social media marketing can support your SEO efforts. Google is constantly trying to find ways to serve people with the most relevant search results possible. If people are sharing content from your site frequently, Google HAS to recognize that content as quality. Having social share buttons on your website is a great idea to help facilitate this effect. Having a great social presence might also help attract guest bloggers who would surely help share links to their work, so spruce up that social effort for SEO’s sake!

 2. Social Media Creates Relationships

This is probably the most well-known benefit of social media marketing, and possibly the most important. Studies show that the more time that a person spends with a brand; the more likely they are to buy from them. Creating and reinforcing relationships is very difficult to do with only your website. Social media gives your brand a voice and allows a personalized experience for a community of people who express interest in your brand. These relationships will create positive word of mouth and a positive brand perception.

 3. Social Content Can Be Re-used

The content that you distribute on one social media channel can be used on another. One simple blog can be made anew a few times depending on how you post about it. Keep in mind that you always want to take in to consideration the structure and culture of the social channel you are posting to.  Be sure to use appropriate hashtags on Twitter, Pinterest and Google+ (NOT Facebook, UGH!) and think of a good call to action when posting on Facebook.  A single content piece can have many legs with social media.

 4. Niche Networks Means Targeted Customers

Social media can be very beneficial if you are active in the channels where your target audience is. If you are a B2B company, consider spending more time in LinkedIn.  Are you a fashion brand? Consider stepping up your efforts on Pinterest. Social media has gone from two major power players that catered to a general audience to a fragmentation of different sites where different demographics of people congregate. Find out where you desired audience is and get busy!

 5. Creation of Great User Generated Content

User generated content is the holy grail of social media marketing. A positive comment or tweet not only serves as a great endorsement of your brand, it also has much more resonance that a brand generated marketing message. I would argue that a photo that a person posts using your product is way more powerful than a stock image with your logo imposed on it. Embrace user generated content and strive to create a social community that welcomes it. 

Cons:

1. No Content = No Bueno

An issue with social media is that leveraging it won’t be beneficial without content. It’s possible for virtually any brand to be successful; however content is the metaphoric gas that makes the car go. Without content you will have a branded shell simply taking up e-space. If you really want to make your brand social, you have to invest time and effort in content generation. Many brands don’t have the time or manpower to pump out sharable content.

 2. Success Takes Time

I often say that social media is a marathon and not a sprint. At the end of the day, all that matters is what impacts the bottom line and proof of that impact from social media takes time to see. A brand must establish a presence, build a community, perfect its content strategy and develop a way to track their efforts. This process needs ongoing nurturing and a lot of brands want to see the immediate return on their investment in social. Unfortunately it takes a bit of time to see growth and success.

 3. Social Content Has a Short Shelf Life

We mentioned that social media presents a way to give one content piece multiple legs, however social content ages very quickly so there is a need continuously create content. Content ages at different speeds on each channel, so there can be some frustration for brands when it comes to creating content.

 4. Constant Need for Monitoring

There are millions of conversations happening right this very second across the social web. The likelihood that a few of them are about your brand is pretty good. It is very important for brands to frequently monitor engagement and brand mentions. This allows them to be proactive for simple customer service issues and foresee customer backlash when larger issues arise. Similarly to the content conversation, brands simply don’t have the time or manpower to keep tabs on the ever growing social conversation.

Bob Vila’s 5 ‘Must-Do’ Tasks for February | Chappaqua Real Estate

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6 ways to increase your chances of being audited | Mt Kisco Realtor

 

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Now that we’ve entered the tax filing season, many taxpayers’ thoughts naturally turn to the subject of IRS audits. What are the chances you’ll be audited by the IRS? It depends.

The overall audit rate is low. In 2012 only 0.94 percent of all individual taxpayers with incomes under $200,000 were audited. Taxpayers with incomes of $200,000 to $1 million were audited at a 3.7 percent rate.

However, there are a number of ways to greatly increase your audit odds. Here are six:

1. Be a real estate professional

There are no statistics available on how often real estate professionals are audited, but anecdotal evidence indicates they are in the IRS’ crosshairs. This is particularly true for real estate pros who own rental property and claim rental losses.

Unlike everybody else, real estate professionals can be exempt  from the passive loss rules that greatly limit the ability to deduct rental property losses from other nonrental income. If you claim such losses, the IRS will take more interest in your return.

This is especially likely if you have a full-time job and also claim to be a real estate pro. The IRS is highly skeptical that people who have day jobs can put in enough hours in real estate to qualify as a real estate professional for tax purposes.

2. Claim 100 percent business use of your only vehicle

Another way to greatly increase your audit chances is to claim that you use a vehicle 100 percent for business when you own only one vehicle. When you claim the business mileage deduction on Schedule C you are specifically asked how many cars you own. If you own only one, the IRS is not going to believe you use it exclusively for business.

3. Claim large travel and entertainment deductions

Large travel and entertainment deductions invite scrutiny by the IRS. Historically, these have been some of the most abused deductions by taxpayers. As a result, the record keeping requirements for them are particularly stringent. Remember, you can deduct entertainment or meals only if there is a business purpose for the expense.

4. Large charitable deductions

You’ll invite IRS scrutiny if your charitable deductions are disproportionately large compared to your income. Also, remember that you must file IRS Form 8283 if you claimed a total deduction of more than $500 for all donations of property. You’ll need to get an appraisal if you claim a deduction of $5,000 or more for a single item.

5. Claim ambiguous or general expenses

Listing expenses under vague categories such as “miscellaneous” or “general expense” invites IRS scrutiny. Be specific. IRS Schedule C lists specific categories for the most common small-business expenses. If an expense doesn’t fall within one of these classifications, create a specific name for it.

6. Fail to report all of your income

IRS computers compare 1099 forms that self-employed real estate pros receive with their tax returns to determine whether there are any discrepancies. If there are, you’ll be contacted by the IRS.