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| ISLAND INFORMATION |
Nantucket Land Council, Inc & Nantucket Conservation Foundation, Inc.
Both the NLC and the NCF are town agencies that protect and preserve the island's resources, but there are differences. The Land Council sponsors various studies of effects of projected island population growth. The Conservation Foundation acquires and manages conservation land on Nantucket for public benefit. They are in charge of protecting almost 1/3 of the island. |
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| REAL ESTATE BUZZ |
Life Estates
If you are doing estate planning, setting up a freehold estate created for the duration of the life or lives of certain persons is an option that more people are taking advantage of lately. A life estate can be created for someone that you wish to take care of until their death, and at that time the title will revert to your heirs or to a designated person. |
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| RENTAL BUZZ |
Fabulous Cliff Rental Property with Pool
Newly build house located in the Cliff area. This rental property offers five bedrooms in the main house, and one in the studio. A custom pool in the back yard makes this a very sought after rental home. Gourmet kitchen, high-end bathrooms, work-out room, and quality linens are just a few of the many extra touches at this property. Great availability for 2009. |
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| NOTES FROM PEPPER THE ELDER |
King of the Castle
Over the last couple of months I have opined about the 4 1/2% solution (mortgages) and the need to be in tangibles. It appears the 4 1/2 % mortgage is a fact, and those of us who can afford to, should take advantage of this opportunity. Is it a once in the life opportunity? Not necessarily, but for this newly-minted grandfather, probably so. Again, look for properties in above average locations that will more than carry themselves at 4 1/2 %. Do NOT buy anything for which you cannot afford the mortgage on your current income.
Now, as for tangibles. You want to to own stuff that you can get your hands around. You know it exists, and you, and only you, are the manager. What falls in this category? Three things come to mind. Wholly owned companies, commodities (gold, silver, etc.), and, of course, real estate. Real estate is yours. You know where it is, you can walk around and touch it and know you are the king of the castle. Well, real estate is also the king of the castle, and if you can afford it, now is the time to buy.
Can this be said of investments in Bernie Madoff's (Made-off) funds/ schemes? |
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