In the 2018 budget, Legislators are getting a 13.9% raise, according to the Putnam County Budget Office, bringing their salary to $40,839, which amounts to 1.52% a year since the Legislature has not had a raise since 2007 (10 years). The County Executive's salary will rise to $155,209 from $151,600. A recent Facebook post was…
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From the onset of the discussion on “tax reform,” the House Republican leadership has said the MID (Mortgage Interest Deduction) would not be touched. We heard in news report after news report that specifically MID would not be affected. We have also heard, year after year that home ownership is important to the Republican leadership.…
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Congress is now actively engaged in modifying the tax code and Realtors and homeowners in New York State stand to lose big time if Congress votes to repeal the state and local income and property tax deduction. This deduction has been a part of the tax code for decades and helps New Yorkers to participate…
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Recently at the Putnam County Legislature’s Economic Development Committee meeting, the Putnam County Industrial Development Agency announced it is now in full compliance with the requirements of the New York State Comptroller’s Office and is open for business. The Legislature was instrumental in its support and assistance as well as the County Executive and her…
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As reported in this edition of Real Estate In-Depth, the Hudson Gateway Association of Realtors and the Staten Island Board of Realtors co-hosted a Global Summit event on October 2nd. Hundreds of attendees congregated at the Marriott Marquis in Midtown Manhattan to hear from industry experts on the importance of having a global perspective and…
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Being from Ghana, West Africa and having travelled to and lived in many countries, the idea of a Global Summit was exciting and a day to look forward to in New York City. The event featured panel discussions that addressed different perspectives of how real estate is handled both here and abroad. What an incredible…
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In mid-August President-Elect Barry Kramer and I made the trek to Chicago for NAR’s annual Leadership Summit for CEOs and President-Elects. The theme for this year’s conference was “Own It,” and many of the presentations flowed into that theme. Going into the program I thought “own it” referred to taking responsibility for one’s actions, but…
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Wow, it’s September! I hope we are all more relaxed, refreshed and rejuvenated from our summer and ready for our Fall/Winter real estate season. As we all know, not only is September “back to school” time, but it is also Realtor Safety month. As the weather changes, so does the pattern of crime and we…
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October 30th is HGAR’s annual Members’ Day, which is an exciting and incredibly important day for all Realtors in our five-county service area. There is a lunch that day that many people do not know about—it is the RPAC luncheon. The luncheon program consists of an update from New York State Association of Realtors Government…
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The Putnam County Industrial Development Agency, which nearly disbanded over a year ago, is about to be re-launched. This is very timely and our business community cannot wait. As Legislator Bill Gouldman said, “The future of our county is through developing new opportunities for business and helping current business thrive.” According to the IDA website…
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Summer is well under way; in fact it’s almost over, as we already see fall clothing hitting the stores. However, before we even get to September we need to take a look at our self-care. Did you take a vacation this summer? Did you find some “me” time? Or did you push your way once…
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One of Dorothy Botsoe’s lead initiatives as HGAR President has been to reach out to the membership and have a direct dialogue with our members with the “Tea with the President” events this spring and “Pizza Parties” this summer and fall throughout Westchester, Putnam, Rockland, Orange, Manhattan and the Bronx. Dorothy has also reached out…
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The debt ceiling is a little hard to comprehend. It is the amount of money the federal government is allowed to borrow. When the federal debt ceiling is raised it is done to pay bills that have already been incurred by the federal government. This is an important point that people fail to realize. Unfortunately,…
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Knowledge Is Power: The New York State Attorney General and the three credit reporting agencies initiated changes by a settlement agreement that resulted in the birth of an entity known as the “National Consumer Assistance Plan.” This new rule changes the way public records related to civil judgments and tax liens are reported on consumer…
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After a few years of living in Putnam County, I learned that to have a say in local elections you had to vote in the primary, and historically the Republican candidate would win. After a few years, I became a Republican to have a choice of who would wind up in whatever office was being…
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Repairs on the MTA rail system have not been made because of a supposed lack of a revenue stream. This is simply false according to Nicole Gelinas, a senior fellow of the Manhattan Institute and a contributing editor to the Manhattan Institute’s City Journal. Gelinas, who is also a columnist with the New York Post,…
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The foundation of all successful real-estate deals is the finance package. This is where everything you have worked so hard for to help close your deal can get derailed. I thought this was a good time to take a look at mortgages with one of Westchester’s most knowledgeable mortgage specialists, David Valcich of Associated Mortgage…
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I recently returned from a state conference of Realtor Association executives that featured a broad spectrum of speakers who addressed a myriad of topics that currently confront our industry. One of the speakers was Aleks Velkoski, data scientist and a member of the Data Analytics Group of the National Association of Realtors. Aleks, as his…
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Jobs, local jobs, local jobs with minimal college debt. Some of us keep repeating the mantra over and over, but it often seems to fall on deaf ears. With all the talk of burdensome student debt, free college, minimum wages and even a proposed (ugh!) Universal Basic Income, the fact is that right here in…
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It is well known that Article 3 of the Realtor Code of Ethics deals with cooperation, surely an underpinning of an ethical real estate practice and a fluid marketplace. However, not all may be familiar with the nuances that are part and parcel of this rule of ethics. Article 3 closely resembles fiduciary law in…
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