Apparently, Bill Romanowski learned about the horse breeding program he entered while meeting with a lawyer about a real estate problem.
FORBES: Bill Romanowski's Tax Court Loss Not A Typical Horse Case
While losses from real estate are a problem across the banking industry, they set up a potentially disastrous chain of events for small businesses and the economy in general.
He believes that Starbucks will be coming in soon (the chain won't say) but is sure that real estate will be a problem for that colossus as well.
The problem with real estate is that every deal is different.
But authorities in Andalusia may have complicated a massive selloff of Spain's problem real-estate assets, highlighting the obstacles facing efforts by financial institutions in Europe's hardest hit countries to take tough actions.
Although there are regions within America that are attempting to address this central issue through strong community leadership, mainly in the areas of zoning and planning and real estate development, the suburbia problem is still increasing in most areas.
Lehman was indeed a casino bank: but the real underlying problem was their own losses on their own proprietary real estate investments.
Robert McCullough, director of fixed income research at Woodbine Associates, says one problem was that the real estate market became commoditized.
Growth in pivotal Guangdong province slowed and business on Hainan Island was brought to a virtual standstill by a real-estate bubble, now once more a problem.
Problem is that renting out real estate is penalized in the tax code under Section 469 passive activity rules and that put a major damper on this timely investment idea.
The problem is, in the hottest real estate markets, there seems to be an utter disconnect between property value and the buying power of a dollar.
The next problem area in the financial sector is supposed to be commercial real estate.
The problem is that the new iPhone won't really give you much more screen real estate than the old one.
One huge problem that brokers sometimes fail to note when selling a TIC is the quality of the real estate the investor is rolling money into.
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