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19.02.26 - 08:45
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Berlin Green Party Welcomes World′s ′Climate Refugees′, Despite Housing/Fiscal Crisis (ZeroHedge)
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Berlin Green Party Welcomes World's 'Climate Refugees', Despite Housing/Fiscal Crisis
Via Remix News,
During their state party conference this past weekend, the Berlin Greens finalized an election manifesto that places radical migration reform at the center of their platform. The party is advocating for the broad admission of individuals displaced by environmental factors like climate change, alongside expanded humanitarian programs for specific conflict zones.
The centerpiece of the Green manifesto is a commitment to provide refuge for those fleeing environmental degradation. Following the vote, the regional association signaled its intent to make Berlin a primary destination for these individuals. Notably, the city has a long-term housing crisis, with the government spending now €1 billion a year on housing for migrants, a cost that has tripled in just four years. In addition, all current asylum accommodations are already full.
WATCH: ???? Mass immigration is fueling the W...
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19.02.26 - 07:42
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Mamdani floats New York City property tax raise if state won′t tax millionaires (The Guardian)
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Threat of 9.5% property tax increase puts pressure on Governor Hochul, who is seeking re-election this yearZohran Mamdani, New York's democratic socialist mayor, has unveiled two new budget proposals for the city – one to raise income and corporate taxes, or another to raise property taxes – triggering resistance from some political figures in and out of the state.Mamdani's two proposals include either raising taxes on the city's wealthiest residents – which would require approval from New York's governor, Kathy Hochul – or a “last resort” measure of a 9.5% property tax increase, which could affect “more than 3 million single-family homes, co-ops and condos and over 100,000 commercial buildings”, according to the New York Times. Continue reading......
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19.02.26 - 02:33
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Mortgage Recast Versus Refinancing: Which Works For You? (ZeroHedge)
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Mortgage Recast Versus Refinancing: Which Works For You?
Authored by Anne Johnson via The Epoch Times (emphasis ours),
If you come into some extra funds, you might want to consider applying them to your mortgage. It's a great way to pay down the principal or lower your monthly mortgage payment. Lowering your monthly mortgage payment is particularly helpful if you often have cash-flow issues.
William Potter/Shutterstock
There are ways to lower your monthly mortgage by using recasting or refinancing. Each option works differently, so it's important to understand how they compare.
Recasting a Mortgage
Mortgage recasting is when you make a lump-sum payment to your principal balance. Once done, your lender then calculates a new, lower monthly payment. Your interest rate stays the same.
For example, suppose you owe $250,000 on your mortgage and receive a $50,000 inheritance. If you use all of it to recast your mortgage, your lender will recalculate your monthly payments based on a $250,000 balance...
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19.02.26 - 00:24
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Housing Starts Rise to Five-Month High in Broad Increase (Bloomberg)
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New residential construction in the US rose to a five-month high in December, as homebuilders boosted production to take advantage of lower borrowing costs. Housing starts increased 6.2% to an annual pace of 1.4 million homes in December, according to figures released Wednesday by the government, which were delayed by fall's federal shutdown. That beat all estimates in a Bloomberg survey. The advance was broad-based, with both single-family home starts and apartment projects rising at year's end. The number of one-family homes started was the highest since February. Kamini Lane, President and CEO of Coldwell Banker Realty, joins Bloomberg Businessweek Daily to discuss. Lane also weighs in on this week's mortgage rate data, the current real estate market in cities like Los Angeles, and more. She speaks with Carol Massar and Tim Stenovec. (Source: Bloomberg)...
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18.02.26 - 22:30
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The Guardian view on Scotland′s housing crisis: supply has failed to keep pace with need (The Guardian)
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The country's homelessness legislation is ambitious and humane. But too many people are still sleeping on the streets or in temporary accommodationRough sleeping in Scotland has risen by 106% over the past three years. Record numbers of children are now living in temporary accommodation, official figures released this month show. In Glasgow, the city council leader warned last year that the authority had run out of temporary housing. This looks like a system approaching crisis point.The paradox is that Scotland has some of the strongest homelessness protections in Europe. More than a decade ago, the Scottish parliament abolished the “priority need” test, creating a statutory duty on councils to secure permanent accommodation for all unintentionally homeless applicants. The charity Shelter considered Scotland to have had “the best homelessness law in Europe”. But having a legal right to a home doesn't mean having a home.Do you have an opinion on the issues raised in this article? If you would lik...
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