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How a tax can make home-buying even harder [Video]

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IRS requirement looms larger as foreign investors acquire residential property in the U.S., could drive hopeful homeowners away.

JACKSONVILLE, Fla. — “Caveat emptor.” 

The classic Latin phrase “buyer beware” is made for times like this, as real estate markets from the First Coast to the west coast resemble a piranha tank: Put a house on the market and watch the feeding frenzy. 

Unless laden with cash, would-be homeowners are being squeezed out by deep-pocketed investors. Perhaps more than ever, those investors include foreign individuals, corporations, and even governments.

“Yeah, we’re definitely seeing that,” board-certified real estate attorney Zach Roth at Ansbacher Law told First Coast News. “You’re getting a lot of foreign investors in the sense of foreign as in not Florida residents, but also foreign as in not American.” 

That not only presents an immediate problem for individual citizens and families who need to finance a purchase – their offers are often being ignored …

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InvestorChannel's Psychedelics Watchlist Update for Friday, May, 14, 2021, 16:00 EST [Video]

InvestorChannel’s Psychedelics Stocks Watchlist Update video includes the Top 5 Performers of the Day, and a performance review of the companies InvestorChannel is following in the sector.Sources Include: Yahoo Finance, AlphaVantage FinnHub & CSE. For more information, visit us at InvestorIntel.com or email us at info@investorintel.com Watchlist Companies:– NewLeaf Brands Inc (NLB.CN) 1.00 (12.36%)n- New […]

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Gaetz to General: Brightest Minds In America Are Working On Memes, Not Interested In Defense | Video [Video]

Rep. Matt Gaetz addressed National Security Agency administrator and the Commander of United States Cyber Command Gen. Nakasone on the problem of retaining talented people in the Department of Defense workforce at a United States House Armed Services Subcommittee hearing on Friday.GAETZ: I also want to associate myself with the comments of the Ranking Member of the full committee regarding the workforce and recruitment. We all know why you have retention problems. It is because the private sector pays multiples what we would be able to pay people and while pay certainly isn't the only thing that motivates folks it certainly can contribute to a lack of retention of some of this high-end talent. It used to be the case you know not too long ago that the brightest minds in Silicon Valley were working on cyber and munitions and lasers. The Department of Defense was the most important customer and often the most important investor and now I'm concerned that the brightest minds in America are working on likes and shares and memes and other activities that don't directly connect to the mission of the department and so I think it's essentially critical for us to follow the thread that Ranking Member Rogers laid out to actually develop more of that pipeline earlier.