Bruce Springsteen Released “Born To Run” 38 Years Ago Today

On August 25th, 1975, Bruce Springsteen released the album that forever changed his life, Born To Run.  It is an eight track masterpiece that finally proved The Boss worthy of the lavish praise the New Jersey music scene had been heaping upon him.

The eight tracks go as follows (links are taken from the 1975 performance at The Hammersmith Odeon, which along with the 1978 show at The Winterland and his 1980 show in Los Angeles, mark the Boss’s greatest live performances).

#1. Thunder Road.

http://www.youtube.com/watch?v=Tx71aA62Hx4

#2. Tenth Avenue Freeze-Out.

http://www.youtube.com/watch?v=yAvolRT3sX4

#3. Night. Did Not Perform As Part of Set List.

#4. Backstreets.

http://www.youtube.com/watch?v=wqZPGT0TsZ8

#5. Born To Run.

http://www.youtube.com/watch?v=RqTLl68aUzg

#6. She’s The One.

http://www.youtube.com/watch?v=n9jcvBYhJEE

#7. Meeting Across The River. Did Not Perform As Part of Set List.

#8. Jungleland.

http://www.youtube.com/watch?v=0aRhqVWUPPs

If listening to that doesn’t put you in a good mood, I’ve … Read the rest of this article!

Explaining The 90% REIT Payout Requirement

You will recall that, in order to obtain the tax benefits that come with REIT classification, the entity must pay out 90% of its taxable income as dividends. This terminology is a bit of a red herring in that taxable income is distinguishable from the metric “funds from operations”, which is an indicator of ongoing cash flows.

Owners of rental properties typically follow the standard depreciation schedule that is 27.5 years.

Let’s look at a practical example of what that means. If you own a residential unit worth $100,000, with no debt for the sake of simplicity in focusing on the effects of depreciation, that generates $800 per month in rent with no maintenance costs (for the same sake of simplicity), the funds from operations would be $9,600 each year (i.e. the twelve monthly payments of $800). That’s truly the money coming in.

But, since physical objects on land decline Read the rest of this article!