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P rices on existing homes are down in Metro Detroit and across the nation, which has some folks thinking that buying a home isn't such a great investment right now. Let me clue you in to a big financial secret, Money & Lifers: buying a home really isn't any kind of investment at all. I know, I know, everybody tells you that a home is the single best purchase working folks can make, that it's the key to building wealth and achieving a solid, middle-class lifestyle for you and your kids. True, true and true. But that's because a house actually works like a forced savings account, not because it's such a wonderful investment. Sure, you might have been lucky enough to buy an oceanfront condo before the coastal building boom, and you would have made some pretty big bucks.
Construction could begin next week on a recreation trail linking Correctionville and the county's Little Sioux Park. Efforts to build the trail began in 1999, and Schneider was asked if he thought the project would ever reach the point of construction."You never knew," he said, laughing.The conservation board has approved the $991,655 contract with Elk Horn Construction Company of Sergeant Bluff to build the 1.7-mile concrete trail. The opening date is targeted for July 1.It's been a long process, one that required four years to acquire right of way for the trail, then more time to secure grant money to pay for construction. And throughout the process, engineers and planners had to figure out how to cross the Little Sioux River.A 115-year-old historical railroad bridge extended halfway across the river, but the other half had been cut away by a salvager years ago.
Two traffic recirculation ramps at Sea-Tac Airport will be closed Monday so a $285 million Sound Transit light rail station can be built where the ramps are now. Drivers returning to the airport will be diverted to a new, temporary route at South 170th Street at Air Cargo Road North. The detour also will serve drivers approaching the airport from the south, spokesman Bob Parker said. Drivers can enter the parking garage from the South 182nd Street entrance, but to reach the airport's curbside areas, they will have to use the detour. That detour to South 170th also will serve traffic coming from the parking garage when a recirculation ramp from the garage is closed Oct. 23. The airport's cell-phone lot, where drivers can wait for calls from arriving passengers, will remain open.
SAN FRANCISCO LAWFUEL - Legal News Network - United States Attorney Kevin V. Ryan announced that Fred De Manuel, Jr. pleaded guilty today to filing a false federal income tax return for the 2001 tax year. This guilty plea is the result of an investigation by the Internal Revenue Service-Criminal Investigation.
Mr. De Manuel, Jr., 61, of San Francisco, is the sole owner of FRM Builders, a business that specializes in home renovations in the Bay area. He was indicted by a federal Grand Jury on June 29, 2006. Under the plea agreement, Mr. De Manuel, Jr. pleaded guilty to one count of willfully making and subscribing a false income tax return in violation of 26 U.S.C. 7206(1).
In pleading guilty, Mr. De Manuel, Jr. admitted that, as sole owner of FRM Builders, a Schedule C business, he was required to report its gross business receipts on his personal federal income tax return, and he was required to pay income and self-employment taxes on FRM Builders net income after legitimate expenses were deducted.
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