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15.04.26 - 01:27
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For A Housing Fix, Look To The Laboratories We Know As States (ZeroHedge)
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For A Housing Fix, Look To The Laboratories We Know As States
Authored by Edward Pinto via RealClearMarkets,
Federal housing policy is afflicted by several shortcomings—it is expensive, outdated, and inflexible. The states, free from these restrictions, have begun experimenting with tailored approaches. Congress should take note.
In 1932 Justice Brandeis observed that “one of the happy incidents of the federal system that a single courageous State may, if its citizens choose, serve as a laboratory; and try novel social and economic experiments without risk to the rest of the country.” By its nature, the states as laboratories do not suffer from the shortcomings that afflict Congress's efforts.
Federal policy is unsuccessful because it is top-down, one-size fits all. Once Congress passes legislation, it tends not revisit it for decades. And, it is incredibly expensive. A recent subsidized development in a suburb of Los Angeles cost $159 million—nearly $800,000 per unit—to de...
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15.04.26 - 01:06
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Mainland Chinese buyers fuel 93 per cent surge in Hong Kong property deal value (SCMP)
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Mainland buyers are playing an increasingly prominent role in Hong Kong's housing market rebound, supported by a stronger yuan, rising rents and an influx of new arrivals shifting from tenants to homeowners.
Transactions involving mainland buyers rose 53 per cent year on year to 3,882 units across the primary and secondary markets in the first quarter, according to Midland Realty, citing Land Registry data.
The value of those purchases jumped 93 per cent to HK$42.7 billion (US$5.5 billion).
The......
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13.04.26 - 19:21
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US Property Taxes Rose 3 Percent On Average In 2025, Outpacing Inflation (ZeroHedge)
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US Property Taxes Rose 3 Percent On Average In 2025, Outpacing Inflation
Authored by Rob Sabo via The Epoch Times (emphasis ours),
Property taxes are rising across the United States and, on average, have outpaced inflation.
Homeowners in 2025 paid a total of $396.8 billion in property taxes on more than 89.6 million single-family homes, a 3.7 percent increase from 2024, an April 9 report by real estate property data provider ATTOM states.
The average single-family home paid $4,427 in taxes, up by 3 percent from 2024, driven by a higher effective tax rate, according to the report.
The ATTOM report analyzed tax data collected from assessment offices, combined with estimated market values of single-family homes. The estimated home value of $494,231 for 2025 was down by 1.7 percent year-over-year, ATTOM noted, following a significant spike in 2024.
Nationally, the effective tax rate on single-family residences in 2025 was 0.9 percent, up slightly from the prior year and the highest since 2020, whe...
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