December 4, 2012
State media keep talking about the fiscal cliff as if it will obliterate Maryland's wealth if Congress does not reach a compromise on debt talks. The truth is, cuts are far down the road if they happen, and Maryland will continue to thrive as an extension of Washington's bureaucratic complex. There is an imminent financial crisis in Maryland, however: state debt. According to the nonpartisan nonprofit State Budget Solutions, the total debt of Maryland is almost $82 billion. (www.statebudgetsolutions.org/publications/detail/state-budget-solutions-third-annual-state-debt-report-shows-total-state-debt-over-4-trillion)
October 3, 2004
Even with recent interest rate increases by the Federal Reserve, home mortgage rates remain low. Is the time right to buy a new home? Perhaps. But first, it might be a good idea to get up to speed on how mortgage loans work, especially if you are a first-time buyer. Web sites that provide insights about qualifying for a home loan and obtaining a mortgage include: Bankrate.com (www.bankrate.com/brm/news/real-estate/tips-new-home1.asp), which offers a variety of mortgage cost-saving tips.
March 3, 2006
A memorial service will be held at 2 p.m. tomorrow at Ladew Topiary Gardens, 3535 Jarrettsville Pike in Monkton, for Bolling Barton "Bo" Willse Jr., who was killed Thursday in a private plane crash near Austin, Colo. He was 24. Also killed in the crash of the Cessna 182 Skyline were his flying instructor and an unidentified passenger, Federal Aviation Administration officials said. Mr. Willse was born in Baltimore and raised in Lutherville and Monkton. He was a graduate of the Jemicy School and graduated in 2000 from Gilman School.
October 29, 2000
Piper receives award for community service Jim Piper, executive vice president of O'Conor, Piper & Flynn ERA, has received the annual Community Service Award from the Maryland Association of Realtors. Thirteen Realtors from across the state were nominated for the award, which the MAR gives based on general community service. Piper is co-chairman of the Baltimore Mentoring Partnership and director of the Baltimore Efficiency and Economy Foundation. In the past, he was president of the Baltimore County Chamber of Commerce and served on the board of directors for the Maryland Chamber of Commerce.
January 24, 1993
Depreciation rate set by mobile home's useQ: I recently purchased a single-family mobile home that I intend to use as a rental. At what rate may I depreciate the home? Does it qualify as a vehicle, or do I treat it as a piece of real estate?A: A mobile home used as a residential rental must be depreciated over the 27.5-year schedule used for real estate.The reason a mobile home used as a rental does not qualify for the seven-year depreciation schedule afforded vehicles has nothing to do with whether it is a vehicle or a piece of real estate.
March 30, 2012
In the running for the Nicest Boss in Maryland award is this guy, who just bought 200 Mega Million tickets and promised to share the winnings -- in a big, big way, with his workers. Dennis Kane of Kane Construction said he was the only winner, he'd pay the mortgages off of everyone in his company. And that was before he knew the jackpot was up to $640 million. Maybe now he workers will also get cars. Cost of tickets: $200. Value in corporate good will of making a pledge like this: Priceless.