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The Bookshelf

January 31, 1988|DAVID M. KINCHEN and Real Estate After Tax Reform by Martin M. Shenkman (John Wiley & Sons, New York, 307 pages, indexed, $19.95) is one of dozens of books that have appeared in the past year on the major impact of the 1986 tax reform act on real estate investments. Especially in the wake of the Oct. 19, 1987, stock market crash, the book should have a ready audience for those who still have some disposable income left for investing. Real estate investment decisions--never simple--have been complicated by what was supposed to be an attempt at tax simplification. and Arbitration of Real Estate Valuation Disputes edited by Gerald M. Levy (American Arbitration Assn., 140 West 51st St., New York, N.Y. 10020; $19.95, 234 pages) describes how arbitration can be used to resolve disputes over the valuation of property, thereby avoiding lengthy--and costly--court battles. The work represents the efforts of Levy and 14 different contributors, each one skilled in different aspects of the arbitration business. and Aggressive Tax Avoidance for Real Estate Investors by John T. Reed (Reed Publishing, 342 Bryan Drive, Danville, Calif. 94526, $22.95) is clearly written in American English (a language that has yet to make an appearance in most accounting and legal circles), authoritative and it incorporates all the changes of the Tax Reform Act of 1986.

Books listed in this column are not necessarily recommended by The Times. Smart House: The Coming Revolution in Housing by Ralph Lee Smith (GP Publishing Inc., 10650 Hickory Ridge Road, Columbia, Md. 21044; 127 pages, $11.95 plus $2 postage) describes what the author believes a typical new home of the future will include. One wiring system will run all appliances and entertainment systems and lights that automatically turn on when a person approaches them, he believes.

How to Research Buildings in Glendale, (Glendale Historical Society , P.O. 4173, Glendale, Calif. 91202, 27 pages, $3) an illustrated expanded version of the research guide used by volunteer researchers during the society's architectural and historical survey of central Glendale.

Retirement Choices For The Time of Your Life by John Howells (Gateway Books, 1750 Post St., San Francisco, Calif. 94115, $10.95, 346 pages) is delightful reading even if retirement is the last thing on your mind. Howells, a Northern California-based writer who has worked on 40 newspapers (a real glutton for punishment!) goes beyond the "Best Places" books that use statistics to determine what's best for retirement living. Statistically speaking, cities like Pittsburgh have ranked high as "best places to live" but few retirees are considering moving there. Howells' choice of the best 15 places to retire to includes big cities (San Diego, Albuquerque, Tucson), moderately large cities (Orlando, Reno, Baton Rouge, La.), smallish cities (Aiken, S.C., McAllen, Tex., and Ft. Myers, Fla.) and small towns (Ojai, Calif. and Grants Pass, Ore.).

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