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Mieten-Explosion wegen Grundsteuerreform
Der Eigentümerverband Haus & Grund warnt vor erheblichen Belastungen für Hausbesitzer und Mieter durch die geplante Grundsteuerreform und fordert die Bundesregierung auf, die Reform zu stoppen.
Wie FOCUS berichtet, hat der Verband für 500 Immobilien in verschiedenen Städten die Grundsteuer nach der neuen Formel berechnet und eine Erhöhung um durchschnittlich das 30-fache ermittelt. In Einzelfällen müssten Eigentümer sogar eine Erhöhung um das 50-fache des jetzigen Betrags hinnehmen.
Der Präsident von Haus & Grund, Kai Warnecke, forderte angesichts der Berechnungen gegenüber FOCUS, die neue Bundesregierung müsse „die Pläne der Länder stoppen. Der Staat darf die Kosten des Wohnens nicht weiter in die Höhe treiben.“
If I would own real estate in London, or even live there, I would sell everything immediately and leave.
London is destined to be destroyed during WW3 and during the ‘3 Days of Darkness’.
Also I would not want to live there after the coming financial collapse and civil war.
A UK co-living company has announced that it will begin accepting down payments made in bitcoin, according to CoinTelegraph, making it that much easier for traders hooked on effortless, outstanding returns to speculate in another bubble-prone market: UK housing.
Co-living pioneer The Collective announced the decision on Tuesday, saying it’s the first developer that will accept payments in cryptocurrency. The company added that it’s exploring how to accept rental payments in bitcoin, which it hopes to implement later in the year. It said that its decision to accept bitcoin was related to demand from international clients.
The company has pledged to perform a “spot conversion” of users’ deposits – a fancy way of saying it intends to hedge its position – so that it bears any financial risk while holding the deposit.
- Britain will need to accommodate 243,000 new households each year
- Net migration accounts for an estimated 45 per cent of this growth
- 109,000 extra homes will be needed every year by migrants and their families
Almost half of new homes built in the next five years will go to migrants, government figures have revealed.
Soaring immigration means that Britain will need to accommodate as many as 243,000 new households each year for the next 22 years, the Department for Communities and Local Government has said.
It is been estimated that an extra 5.3 million new properties could be needed to meet the growth in population, and an extra 2.4 million of the new homes will be needed for migrants alone.
This means that one new home needs to be built every five minutes to house Britain’s burgeoning migrant population.…
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Foreclosures suddenly spike most since the last Housing Bust
The total number of homes with foreclosure filings jumped 27% in October from September, when they’d been at the lowest level since 2006. It was the biggest jump in monthly foreclosure filings since August 2007.
Compared to October last year, homes with foreclosure filings still decreased, but this nationwide decrease is covering up what is now happening in 28 states and Washington D.C., according to the Foreclosure Report by ATTOM Data Solutions. There, the inventory of homes with foreclosure filings is beginning to rise even on a year-over year basis. And in some states it soared year-over-year:
- Colorado +64%
- Georgia +22%
- Pennsylvania +20%
- Arizona +17%
- Virginia +15%
- Massachusetts +11%
- New York +10%
… And the easiest way to confirm it, is to look at recent (and not so recent) home listings in Kensington and Chelsea, where we find something stunning: out of 130 pages of adverts, with 15 ads per page, nearly half of all properties, or 53 of the pages show price reductions.
In a move which many Canadians, especially those who have been persistently priced out of the housing market, welcomed with open arms, overnight Finance Minister Bill Morneau unveiled new measures aimed at slowing the flood of foreign money pouring into overheated housing markets like Vancouver and Toronto, a move which some dubbed an unprecedented federal intervention in the sector.
As first reported by the Globe and Mail, Ottawa announced it would close a tax loophole that allows non-residents to buy homes and later claim a tax exemption on the sales.
According to the revision, the government will make sure the principal-residence exemption is only available to individuals who reside in Canada in the year the home is purchased, which immediately excludes thousands of “hot money” Chinese tourists who come to Canada simply to park billions in Chinese cash.
Utter insanity is turning south.
In Palo Alto, a small town of about 67,000 souls, including Facebook CEO Mark Zuckerberg, about an hour south of San Francisco, in the middle of Silicon Valley, and part of the 9 million people in the vast Bay Area, the median home value in July, according to Zillow, fell to $2.486 million.
That’s still up 103% from July 2011. These are not palaces. Median price means 50% cost more, 50% cost less. These are modest homes, in theory where the median household can settle down. Drop to $1 million, and you get the “million dollar shack.”
One month ago, we said that “it is not looking good for the US housing market”, when in the latest red flag for the US luxury real estate market, we reported that sales in the Hamptons plunged by half and home prices fell sharply in the second quarter in the ultra-wealthy enclave, New York’s favorite weekend haunt for the 1%-ers.
Reuters blamed this on “stock market jitters earlier in the year” which damped the appetite to buy, however one can also blame the halt of offshore money laundering, a slowing global economy, the collapse of the petrodollar, and the drastic drop in Wall Street bonuses. In short: a sudden loss of confidence that a greater fool may emerge just around the corner, which in turn has frozen buyer interest.
A beachfront residence is seen in East Hampton, New York, March 16, 2016.
We concluded this is just the beginning, and sure enough, several weeks later a similar collapse in the luxury housing segment was reported in a different part of the country. As the Denver Post reported recently, high-end sales that fuel Aspen’s $2 billion-a-year real estate market are evaporating, pushing Pitkin County’s sales volume down more than 42 percent to $546.45 million for the first half of the year from $939.91 million in the same period of 2015.
The failures of government intervention in the economy have made headlines yet again. Recent stress tests by the Federal Housing Finance Agency found something sinister brewing under the surface at notorious mortgage giants Fannie Mae and Freddie Mac. The results show that these puppet companies could need up to a $126 billion bailout if the economy continues to deteriorate.
That’s right — the two companies that were taken over by the government and that sucked $187 billion from the treasury could be entitled to more taxpayer money. The toxic home loans bought during the last crisis coupled with a lack of liquidity have suddenly become serious risk factors. The so-called “recovery” that has been trumpeted for years by countless politicians and economists is falling apart in plain view. The media will do just about anything to assure the public that this is all isolated and overblown, but the canary in the coal mine has just dropped dead.