Why are Single women investing in real estate?

According to the National Association of Realtors, while married couple still bought the largest share of the real estate market, it is single women whose who are increasingly buying homes. Single men, on the other hand, were last of the list.

What is the new change in trend and why and how are these women able to invest in real estate?

Reasons for the changing trends

There are several reasons for women to turn to real estate as a prime investment. Firstly, despite the disparity in wages, women are earning more than ever in the present times. This greater financial freedom gives them a choice to invest in something substantial and long-lasting.

Another major reason is the rising rental costs. In fact, according to a report in Washington Post, 23 % of women have cited rising rentals as the sole reason for purchasing a place of their own.

What is significant is that several older women are also buying properties now more than ever. It was estimated that most of the home buyers were in the age group of 51 to 60.

Older women might be investing in houses as a part of downsizing the family either after a divorce or after the death of a spouse. They have the money and they are not hesitating to spend it. In addition to that, they want to be able to control the monthly expenses and have some stability in their lives which an own house can provide.  Many of them are buying houses close to the residence of their children and friends.

How do single women purchase property?      

Unlike men, for women buying a property is a very emotional decision and they put a great deal of thought into buying a property. They take the opinion of their friends and family before they take the plunge. They want their advice on the plumbing, the electrical wiring and other repairs in a house. They also consider safety before they purchase their own home.

Conclusion

Sometimes down payment may prove to be a hurdle for single women who want a place of their own. They can either choose help from the Federal Housing Administration loan or the USDA loan to meet their down payment requirement. They can also try their hand at stock market with trading robots like the QProfit System which have been designed to help investors gain a foothold in the trading world with the promise of decent profits.

 

Did you know your cryptocurrency transaction is taxable?

Several investors are not aware of the tax rules governing cryptocurrency. It is a gray area that has left many confused. But it is your responsibility to know that any digital currency transaction is taxable by law. The lack of sufficient regulations and rules on this topic make it very ambiguous for an investor.

The Inland Revenue Service says that a cryptocurrency will be treated as property and not as currency. While not all cryptocurrencies have an equivalent substitute in real cash, bitcoin has and it is taxable.

What should you do when you sell bitcoin?

You must worry about taxes only when you sell the bitcoin and not when you buy it and hold it. Here is what you must do, should you transact in bitcoins:

  • Report the sales: Not all cryptocurrency exchanges are obligated to report a sale, unlike a brokerage firm which will send you a 1099 tax form when you sell your bonds or stocks. It is your responsibility to find out the tax liabilities and do the needful.
  • Treat as property: Just like you pay a tax when you buy or sell a property based on what profit or loss you made, you must pay tax for the virtual currency. So what you must do is to maintain a record with the following information:
    • When did you buy your crypto
    • How much did you buy it for
    • When did you sell it and for what price?

There are several other factors that need to be considered and for those not well versed in the taxation rules, it can be very confusing. Thankfully, there are several websites which focus on helping bitcoin investors understand the tax liabilities. They will guide you in determining what you need to pay and how to pay it and which are the forms that need to be filled to report your capital loss or gain.

 

Don’t ever try to skip your taxes because no one is watching currently. If the IRS discovers what you owe you will end up paying a hefty sum in penalties and fines. And in severe situations, you may be subject to criminal prosecution for evading taxes.

 

Don’t let taxes scare you from investing in bitcoin. There are several automated trading systems like the bitcoin code which help investors interested in cryptocurrency. The bitcoin code software makes trading in cryptos a breeze for one and all.