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25.10.26 - 04:09
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Homeowners Hit With Alarming New Financial Burden That Now Exceeds Property Taxes Across America (ZeroHedge)
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Homeowners Hit With Alarming New Financial Burden That Now Exceeds Property Taxes Across America
In a surprising shift in the economics of homeownership, the cost of home insurance plus the weather-related portion of auto insurance now exceeds property taxes across three-quarters of U.S. counties.
A recent Bloomberg Intelligence analysis found that homeowners insurance premiums alone exceed property-tax bills in roughly two-thirds of counties. When the share of automobile premiums attributable to extreme weather is included, that figure climbs to 75%.
Over the past decade, county-average homeowners insurance premiums have increased 45% after adjusting for inflation, according to the analysis. Nebraska recorded a staggering 79% increase.
Across counties, homeowners now pay an average of 14% more for property insurance than property taxes. Moreover, homeowners face a 30% higher insurance burden than property-tax bill when weather-related auto insurance costs are included.
The financial burden fa...
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25.10.26 - 02:54
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First Signs Of A Deeply Frozen Housing Market (ZeroHedge)
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First Signs Of A Deeply Frozen Housing Market
Authored by Milan Adams via Preppgroup,
At a glance
Existing-home sales have run roughly a third below their pre-2020 level for three years, while the median price has repeatedly set records - a combination that ordinary market logic does not predict.
A large majority of outstanding mortgages carry rates below 5 percent. Selling means trading a cheap loan for an expensive one, and the households with the strongest finances are the least willing to make that trade.
The housing shortage is a permission problem as much as a land problem. Reforms that legalize construction take three to five years to produce occupied houses, which is longer than most political cycles.
Insurance premiums, climate exposure and condominium assessments now shape the monthly cost of owning a home at least as much as the purchase price does - and they vary enormously from one ZIP code to the next.
Introduction
American housing has spent three years doing th...
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25.10.26 - 02:00
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Sri Lanka′s property boom gives Chinese developers hope. But familiar risks linger (SCMP)
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A Chinese developer behind one of Sri Lanka's biggest projects has reason to celebrate as a luxury property boom lifts sentiment in the South Asian nation and fuels optimism about the market's prospects.
Analysts, however, cautioned that a string of disappointing Chinese overseas property investments over the past decade underlined the risks of speculative excess that could lead to a boom-to-bust scenario, particularly in a country where regulation remained uneven.
“Chinese developers, having......
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23.10.26 - 12:15
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What Democrats would do about Gen Z′s housing crisis if they win Congress (The Hill)
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Generation Z wants legislation that targets affordability and housing costs. Democrats think they can do it better than Republicans. About two-thirds of young adults struggle to cover housing costs. And recent housing numbers aren't promising, either: Single-family housing starts and building permits, a measure of future construction, fell 4.56 percent and 4 percent in September,......
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