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05.05.26 - 12:48
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Hong Kong home sales surge to 2-year high, boosting overall transactions (SCMP)
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Hong Kong property transactions surged to a four-month high in April, while the value and volume of home sales hit their highest level in 24 months, according to the latest official data, underscoring the resilience of the city's real estate sector amid uncertainties over interest rates and the US-Israel war on Iran.
A total of 8,692 transactions across homes, offices, shops, car parking spots and industrial spaces were concluded last month, up 12.3 per cent from March's 7,737 deals, according......
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05.05.26 - 08:12
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RBA interest rates: Reserve Bank hikes official cash rate to 4.35% in blow to mortgage holders (The Guardian)
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Reserve Bank of Australia raises rates for third consecutive meeting, lifting them to early-2025 levelsFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastUse our loan calculator to see how rate hikes could affect you The Reserve Bank has delivered a third straight interest rate hike to contain growing inflationary pressures linked to higher fuel prices, even as it warned the Iranian war would deliver a major blow to the economy.The widely expected decision to lift the cash rate to 4.35% from 4.1% comes as the central bank revealed a gloomy new set of forecasts that showed intensifying cost-of-living pressures alongside weaker growth. Continue reading......
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04.05.26 - 19:30
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A Property Tax Rebellion Is Emerging In America (ZeroHedge)
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A Property Tax Rebellion Is Emerging In America
Authored by Aaron Gifford via The Epoch Times,
At a petition table inside a Cleveland area gun show on a drizzly Saturday afternoon, citizens talk of an American Dream derailed.
There's the elderly couple who paid off their mortgage decades ago but can't afford the property taxes on their home. Their local government, theoretically, can seize the property and auction it off to someone else if the annual bills remain unpaid.
Then there's the recent retiree who took a part-time job at Lowe's to pay property taxes on his rental property and avoid raising his tenants' rent.
Add empty nesters who can't downsize to smaller houses because interest rates are too high, farmers describing an impossible situation, and recent college graduates groaning about moving further away from home to an affordable place.
Show goers, guns and ammo in hand, pause at Beth Blackmarr's table on their way out and share with her those concerns.
If 413,000 reside...
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