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New Housing Package Requires More Than Fiscal Shock to Succeed
Politicsobservador4h ago

New Housing Package Requires More Than Fiscal Shock to Succeed

A new housing package is described as ambitious and politically relevant, but it risks failure if it transforms maximum price ceilings into new reference prices and does not address market blockages. The article suggests that the sector demands more than just a fiscal shock.

Portugal Faces Significant Housing Deficit
Businessobservador5h ago

Portugal Faces Significant Housing Deficit

Promoters warn that Portugal has a structural deficit of approximately 300,000 homes, requiring 70,000 new houses annually, which is driving up prices. They are urging for faster licensing processes.

Lee steps up verbal warning against owners of multiple homes
PoliticsKorea Herald1d ago

Lee steps up verbal warning against owners of multiple homes

President Lee Jae Myung said Tuesday that owners of multiple homes should not avoid risks and responsibilities associated with their investments if housing prices are normalized, stepping up his verbal warning against them. Hardening his resolve to stabilize the overheated housing market in the Seoul metropolitan area, Lee shared a link to a news report that pointed to weakening market expectations for housing price increases. "People know that the real estate market, particularly the apartment

Some Tai Po fire survivors doubtful over government’s ‘unfair’ rehousing plan
PoliticsSCMP1d ago

Some Tai Po fire survivors doubtful over government’s ‘unfair’ rehousing plan

Some affected residents have continued to express reservations over a Hong Kong government plan to resettle survivors of the Tai Po fire, saying they prefer in situ development as they fear an “unfair” flat selection process will leave their families with smaller homes. The residents urged the government to provide more clarity on how the new homes will be allocated, a day after they were offered an acquisition price of HK$8,000 or HK$10,500 per square foot, along with thousands of subsidised...

Vertical housing takes over Vizag’s skyline
Businesshindu2d ago

Vertical housing takes over Vizag’s skyline

Driven by scarcity of land, customer preferences and new rules changing high-rise classification from 18 meters to 24 meters, developers are building taller projects and catering to the city’s high-income IT, industrial workforce

The 9 at 9: Sunday
Politicsthe-journal2d ago

The 9 at 9: Sunday

Housing officials cast doubt over government’s targets, Temple Bar attack and how the proposed new savings plan could work.

Grinding The American Middle Class To Dust
Businesszerohedge3d ago

Grinding The American Middle Class To Dust

Grinding The American Middle Class To Dust Authored by MN Gordon via EconomicPrism.com, The housing market, for much of the 20th century, was the bedrock of the American Dream. Home ownership, and the financial stability it represents, was a sure path to middle-class prosperity. That dream turned to a nightmare for many American families during the epic real estate bubble and subsequent bust in 2008-09. What’s more, in the near two decades that followed, federal monetary policie...

FinanceBusiness Insider1d ago

We sold our house in Utah to rent in Denver. The move was a big financial risk, but it was worth it.

The author (second from right) moved with her family from Utah to Denver. Courtesy of Katy Anderson Our house was affordable in rural Utah, but we sold it anyway to pay more for a rental in Denver. It was a financially risky move, but it's worked out great for us because we're closer to nature. To help with the increase in housing, we're driving less and canceled subscriptions. Sometimes, a decision doesn't make sense on paper, but it just feels right to your soul. That's what my family's big move was like. Last year, our family of five sold our affordable home in rural southern Utah to move into a more expensive rental in a Denver suburb. We had wanted a change for a long time, and the timing finally felt right. We could've stayed where we were "safe" financially, but all our family members were struggling in different ways. I couldn't shake the feeling that nothing would really get better until we were brave enough to make a big change — so we did. Moving from Utah to Denver was a difficult financial decision One of the hardest parts to accept about moving was leaving our extended family and a house that we had lived in for 13 years. Even more difficult was that our house in Utah was affordable. We were privileged to buy a house when prices were reasonable, and mortgage rates were low. We would have moved a long time ago, but we felt stuck in a home we had outgrown because it was cheap. We knew that if we sold our house, we would be paying a lot more elsewhere. But the decision still felt right for our family. We figured Denver was worth the price increase We chose a Denver suburb because we love the outdoors and also miss the opportunities that a city provides. We have friends in the area, so we knew we would have a community once we arrived. The author's kids enjoy Denver's nature. Courtesy of Katy Anderson We chose an area known for its "small town feel." As soon as we moved in, I immediately fell in love with the neighborhood. We are surrounded by an abundance of mature trees, and are within walking distance of wonderful trails for walking and biking. I've been amazed at the wildlife around us, especially considering we live in a Metro area. Just walking the trails in our neighborhood, we've seen rabbits, coyotes, elk, raccoons, turkeys, and many different species of birds. We feel closer to nature here than we did in rural Utah. After living here for a few weeks, we decided to purchase e-bikes so we could ride much farther along the trails, including to coffee shops, restaurants, city gardens, and parks. This area also provides us with access to shopping, museums, concerts, and sporting venues. After living in a secluded town for so many years, having these amenities feels like a luxury. We're saving money in other ways Our rent is high in Denver, and that has been the biggest adjustment. Before we made the move, I was also worried about the cost of living, but I have been pleasantly surprised. Our kids even get free school lunch thanks to a statewide Healthy School Meals for All program. My kids have all commented that the food is of better quality. They actually want to eat the school lunches here. We are paying much less for gas in Colorado, as we are driving substantially less. In Utah, we lived on the outskirts of town and had to drive 15 to 20 minutes to get to work or to the nearest grocery store. When we moved to Colorado, we also immediately ended most of our subscriptions and streaming services. We've cut down on our discretionary spending and are eating more family meals at home. We also chose jobs that would help us adjust to our new housing costs We knew we would be paying more for housing no matter where we moved, so we chose a location with ample work opportunities. My husband is a psychiatric nurse practitioner, and I have picked up a part time job in addition to my freelance writing business. We are all making more money in Colorado than we could in Utah, where the minimum wage is still $7.25 per hour. Two of my teenage sons were amazed when they realized how much more they could earn in their new city. Right now, we are enjoying the freedom of renting. Buying a home in this economy feels daunting, and we want to take our time exploring Colorado to see where we may want to buy if it feels right. For now, I am grateful that my kids have a chance to experience living in a bigger city with more diversity and opportunities. Overall, I feel like we fit in here in a way that we never did in our old town, and that is priceless. Read the original article on Business Insider

Food delivery rider killed after speeding car overturns, crashes into his motorcycle in Karachi: police
WorldDawn1d ago

Food delivery rider killed after speeding car overturns, crashes into his motorcycle in Karachi: police

KARACHI: A food delivery rider lost his life after a speeding vehicle flipped over and crashed into his stationary motorcycle in Karachi’s Defence Housing Authority (DHA) area, according to police. The video of the incident that took place on Sunday was widely shared on social media. South Deputy Inspector General (DIG) told Dawn that the food delivery rider was on his motorcycle outside a bungalow in DHA’s phase IV when a speeding car turned over and crashed into his vehicle. “Both the rider...

Culturecopenhagen-post1d ago

Housing Challenges in Christiania

Finding a place to live in Christiania is becoming increasingly difficult, according to a long-time resident, reflecting on the Free City's evolving housing situation.

The 9 at 9: Sunday
Politicsthe-journal2d ago

The 9 at 9: Sunday

Housing officials cast doubt over government’s targets, Temple Bar attack and how the proposed new savings plan could work.

Akureyri Housing Development Lags Behind Population Growth
Politicsruv10h ago

Akureyri Housing Development Lags Behind Population Growth

Iceland's Housing, Infrastructure and Planning Agency (HMS) reports that housing development in Akureyri has been significantly below the estimated need in recent years, relative to population growth. The mayor of Akureyri, Ásthildur Sturludóttir, suggests a closer review of the figures.