John Riche

The Fallacy of List Price

The Fallacy of List Price

Us in the Real Estate business are always faced with the issue of price... or more accurately the "list price" of the homes we act as purchasers agent or the homes we list ourselves for sale. You may not realize it, but we are always asking other agents their thoughts on price as well. I always ask other agents "What do you think of the price?". When they say it is priced correctly I always take credit, when they say it's overpriced, I always say it was the vendors choice... just kidding (I can hear the other agents snickering).

Canadian Misconceptions in American Residential Investment Properties

Canadian Misconceptions in American Residential Investment Properties

There are many misconceptions by Canadians about buying investment properties in America. This is due to both the type of taxation and geographic challenges inherent in this process. Of the most popular misconceptions is that of the automatic 30% withholding tax on all rents (income) that the IRS states is a mandatory flat tax. This usually means the property manager collects it for them...

Removing Barriers for Affordable Housing in Every Level of Government.

Removing Barriers for Affordable Housing in Every Level of Government.

There has been a lot of political discussion recently about affordable housing. It is often thought that this domain involves exclusively social housing, as in the case of our marketplace, those properties managed by Newfoundland and Labrador Housing or, to a lesser extent, The City of St. John’s, which are all income tested. While an important issue in itself this discussion does not discuss social housing but rather that segment of the marketplace dominated by what is erroneously referred to a “the working poor”...