The persistence of local culture. Underlying these various visions of globalization is a reluctance to define exactly what is meant by the term culture. During most of the 20th century, anthropologists defined culture as a shared set of beliefs, customs, and ideas that held people together in recognizable, self-identified groups.
Rental properties, asset backed lending, renovated flips and even real estate options are just a few real estate investments IRA owners are capitalizing on. There are a multitude of benefits to having real estate in an IRA, including compound interest in a tax favorable account and an added layer of security in unstable markets.
One of the benefits of home ownership is the real estate tax deduction most homeowners are allowed to take. For example, the Internal Revenue Service allows deductions for real estate taxes on any home or other real property you own. In other words, you can deduct real estate taxes you've paid on first and second homes or any other homes and real properties you own.