Thursday, February 25, 2010
FACEBOOK is coming to Austin
Facebook opening 200-person Austin officeAustin Business Journal - by Jacob Dirr Staff WriterFacebook is creating 200 jobs in Austin, thanks to a $1.4 million incentive from the state of Texas.The move will be the first major U.S. expansion outside of Palo Alto, Calif., where the company is headquartered, according to officials. It is investing about $3.1 million to set up operations in Texas, according to Gov. Rick Perry's office.Facebook employs about 800 people. It reported about $50 million in revenue last year.'Facebook continues to grow and Austin, with its deep talent pool, would allow us to hire the high-caliber employees we need to properly serve the people, advertisers and developers that rely on our service,' Facebook Chief Operating Officer Sheryl Sandberg said.Gov. Perry said the new jobs will enhance the Central Texas’ robust technology industry and strengthen the economy.All contents of this site © American City Business Journals Inc. All rights reserved.Link to Article: http://austin.bizjournals.com/austin/stories/2010/02/22/daily44.html
Saturday, February 20, 2010
10 REASONS TO BUY A HOME IN AUSTIN
TEN GREAT REASONS TO BUY A HOME
1. Quality of life – a home provides stability and security for you and
your loved ones.
2. Pride of home ownership – it’s your personal haven and you’re
your own landlord.
3. Historically low interest rates – around 5.5 percent in the U.S.
4. Tax Credit – U.S. government provides a special $8,000 incentive
for qualifying first-time buyers.
5. Appreciation potential – your home investment can grow in value.
6. Equity buildup and debt pay down – homeowners enjoy an
average net worth of approximately $184,000 vs. $4,000 for renters.
7. Leverage – where else can you buy an investment of this magnitude
with 5-10 percent down?
8. Tax deduction advantages – property tax and mortgage interest
write-offs (in Canada, home owners gain a tax benefit upon selling).
9. Tax exemption – up to $500,000 per couple or $250,000 per person
on sale of a primary residence in the United States (no tax upon sale
in Canada).
10. The real cost of renting – at $800 per month, with the average
6 percent rental increase per year, you will pay $126,536 over a 10-
year period but have zero ownership of the property.
1. Quality of life – a home provides stability and security for you and
your loved ones.
2. Pride of home ownership – it’s your personal haven and you’re
your own landlord.
3. Historically low interest rates – around 5.5 percent in the U.S.
4. Tax Credit – U.S. government provides a special $8,000 incentive
for qualifying first-time buyers.
5. Appreciation potential – your home investment can grow in value.
6. Equity buildup and debt pay down – homeowners enjoy an
average net worth of approximately $184,000 vs. $4,000 for renters.
7. Leverage – where else can you buy an investment of this magnitude
with 5-10 percent down?
8. Tax deduction advantages – property tax and mortgage interest
write-offs (in Canada, home owners gain a tax benefit upon selling).
9. Tax exemption – up to $500,000 per couple or $250,000 per person
on sale of a primary residence in the United States (no tax upon sale
in Canada).
10. The real cost of renting – at $800 per month, with the average
6 percent rental increase per year, you will pay $126,536 over a 10-
year period but have zero ownership of the property.
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