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Builders try to squeeze more cash out of their real estate by profiting from their rooftops and observatories. The brand new legislation requires that every one real estate transactions be made through Cuban financial institution accounts so that they are often better regulated, and it units a tax fee of 8 % of the assessed worth - cut up equally by buyer and seller. Facing foreclosures, Perry Laspina of Jacksonville, Florida ended up with a home practically for free after his mortgage lender was shut down by parent company Wells Fargo, AOL Actual Property stories.
After getting his PhD, Saiz was employed in 2003 as an assistant professor on the College of Pennsylvania's Wharton School