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Stop real estate transfer taxes in Missouri

On November 2, 2010, Missouri voters will have a chance to put the matter of a transfer tax on homes and all other real estate transactions in the state to rest. While 37 other states, as well as the District of Columbia. These tax rates range from Colorado on the low-end at 0.01% to Delaware […]

Eighteen Investments in trouble?

Rumors have been circulating lately that real estate developer Eighteen Investments, and their real estate brokerage arm Bellington Realty, have hit hard times. They had been short selling a few buildings, including one I have reported on at 3155 Gustine, but nobody really seemed to know how deep the problem went. Until the St. Louis […]

Waterless urinal red tape

Wired Magazine had an interesting article last month about the bureaucratic nightmare of getting waterless urinals into buildings around the country. Seems like the debate comes down more to plumbers losing business and janitors not wanting to clean them than if they work properly. Its an interesting read for both the technology and the familiar […]

Historic Tax Credits under fire

Once again a small group within the Missouri General Assembly has targeted the Historic Tax Credit program for modification or elimination. Your input to your senator is critical if we are to preserve this critically important tool for redevelopment of our cities and towns. 

Vacant Property Registration

This isn’t exactly breaking news, but I thought I should share some info about a St. Louis City Bill (Board Bill 174) that could have a direct affect on City investors. This bill was introduced in July to the Board of Alderman by Alderwoman Triplett and Alderman Kennedy. Here is the summary of the bill […]

Fannie and Freddie dissolved?

I was doing a little more research on the new federal housing legislation after posting about it this afternoon and I ran across an interesting concept on the Cato Institute’s website: Get rid of Fannie May and Freddie Mac. Not something that had really crossed my mind, but the author makes some pretty good points. […]

Federal housing bailout

If you’ve been living in a cave for the last year, you might be surprised to know that foreclosures are happening at a record pace in St. Louis and around the country. Obviously, this can make for some pretty great buys in the real estate market, but a lot of people and companies are hurting […]

Time to take out the trash

This is a piece of trash. Intimidating isn’t it. Well don’t worry. If the St. Louis Board of Alderman has it’s way you won’t have to see this stuff anymore. According to an article recently published in the South Side Journal (Business owners want trash bill canned), Alderman Steve Conway, D-8th Ward, has sponsored a […]

Panhandling in St. Louis City to be restricted

You are correct, man-with-sign, but not for long. At least in some situations. It looks like action is about to be taken to curb aggressive panhandling in the City of St. Louis. All I can say is that its about time. According to the St. Louis Post Dispatch, City Alderman just passed the bill addressing […]

A contract is a contract is a contract

They say that without order their is chaos. Then I guess the world of real estate is one of chaos. Or at least it feels like it at times. I have noticed a recurring theme in the real estate world that is becoming impossible to ignore: Nobody pays attention to contracts anymore! Contracts seem to […]