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03.02.26 - 22:18
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Mamdani NYC Housing Plan Has Insiders Curious, Skeptical (ZeroHedge)
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Mamdani NYC Housing Plan Has Insiders Curious, Skeptical
Authored by Petr Svab via The Epoch Times,
The new mayor of New York City, Zohran Mamdani, has put forward a plan to make housing more affordable, including the government building more housing, freezing rents, and potentially taking over properties from landlords who fail to fix them up.
Affordability is indeed an issue worth addressing, several industry insiders told The Epoch Times. But they weren't sure how Mamdani could succeed where previous administrations largely hadn't.
“He's proven to be really skilled at walking a fine line between opposing parties with different priorities and making each party feel like they're being catered to,” said Devin Lynch, sales manager at Howard Hanna NYC, a real estate brokerage.
Lynch pointed to the housing ballot proposals that gave the mayor more power over approving housing projects. Many Mamdani voters opposed the measures, worrying they would strip local communities of a voice in the ...
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03.02.26 - 18:24
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Santander launches 98% mortgage for first-time buyers – with strict rules (The Guardian)
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High street bank breaks traditional 95% limit, but experts say take-up will be limited by exclusions on flats and new buildsOne of Britain's biggest banks has launched a mortgage that lets first-time buyers borrow up to 98% of the property's value – but experts said the “very strict” rules would exclude many people and property types.Santander said this was the first time for years that a major high street bank had gone beyond the traditional 95% borrowing limit, and some mortgage brokers called it a “bold and significant” move that would help more first-time buyers achieve their home ownership dreams. Continue reading......
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