Linking ≠ endorsement. Enjoy and share:
- BBC News – Re-balancing and the re-industrialisation of Britain
For the UK, the government wants to re-balance the economy towards manufacturing and exporting more overseas, while relying less on, say, financial services given the banking bust of a few years ago. Manufacturing only accounts for around 11% of total valued added of what's produced in Britain, while the service sector accounts for over three-quarters of the economy.
For China, it's the opposite. It wants to re-balance its economy away from too much investment and towards developing a more diversified service sector to provide for its burgeoning middle class. China is worried about its high levels of capital spending, which has produced so-called ghost cities, and wants its companies to invest overseas instead ….
- 4 Tips to Spot a Smart Investment Property
With the real estate market heating up, many consumers are considering buying an investment property to potentially earn some hefty returns in the years to come. Consumers begin by doing the math on a home: determining the total costs of a down payment, principal and interest payments, taxes and other fees versus how much they can charge for rent. If the calculations suggest a return, they typically want to dive right into the real estate game. Because real estate is a risky investment, it's essential for buyers to go beyond the basic calculations to find a relatively safe, profitable property. Here are some tips to help first-time investment property buyers make smart purchases.
- Lloyds CEO warns against housing "Help to Buy" bubble: FT – Yahoo Finance
(Reuters) – The chief executive of Lloyds Bank (LLOY.L) has warned that the government's "Help to Buy" mortgage scheme will risk creating a dangerous bubble in property prices unless steps are taken to boost the supply of new housing and free up planning restrictions, The Financial Times reported.
The FT quoted Antonio Horta-Osorio, the CEO of Lloyds as saying, "It is important that planning permits, building authorizations and social housing projects are (liberalized) so that the increase in (mortgage) transactions does not lead to a substantial increase in house prices."
"I think the scheme should be focused outside London and the southeast. (In the rest of the country) you have nothing close to a housing bubble," the FT quoted him as saying.
Lloyds, which is 33 percent owned by the British government, could not be reached immediately for comment.
Lloyds, along with RBS (RBS.L), HSBC (HSBA.L), Santander UK (SAN.MC) and Barclays (BARC.L), has already signed up for scheme which, in exchange for a fee, will give banks greater protection against losses.
The only big lender yet to commit is the customer owned Nationwide (POB_p.L), one of the few lenders already offering mortgages to buyers with small deposits.
He has a point.
- NAHB: Types of Home Construction: Multifamily
What is a Multifamily Home?
From young families just starting out to empty nesters looking to downsize, multifamily homes are an increasingly popular option for U.S. households. According to a recent survey conducted by the Department of Housing and Urban Development, approximately 32.6 million residences, or 24.6 percent of housing in the U.S. today, are multifamily. These spaces include apartment buildings, condominiums, townhouses, and mixed-use developments.
Types of Multifamily Homes
If you are an investor in 1-4 unit properties in Arizona, California, Nevada, Oregon, Utah, or Washington, please do the financially responsible thing and make sure you have proper Landlord Insurance with PropertyPak™. We love focusing on real estate and the economy in general, but we are also here to serve your insurance needs.
Hill & Usher (PropertyPak™ is a division) has many insurance offerings. See our menu above for more info and links.
Did this post help you? Let us know by leaving your comment below.
Note: This blog does not provide legal, financial, or accounting advice. Seek professional counsel.
Furthermore, we, as insurance producers, are prohibited by law from disparaging the insurance industry, carriers, other producers, etc. With that in mind, we provide links without staking out positions that violate the law. We provide them solely from a public-policy standpoint wherein we encourage our industry to be sure our profits, etc., are fair and balanced.
We do not necessarily fact checked the contents of every linked article or page, etc.
If we were to conclude any part or parts of our industry are in violation of fundamental fairness and the legal standards of a state or states, we'd address the issue through proper, legal channels. We trust you understand.
The laws that tie our tongues, so to speak, are designed to keep the public from losing confidence in the industry and the regulatory system overseeing it. Insurance commissioners around the country work very hard to analyze rates and to not allow the industry to be damaged by bad rate-settings and changes in coverages. The proper way for people in the industry to deal with such matters is by adhering to the laws, rules, and regulations of the applicable states and within industry associations where such matters may be discussed in private without giving the industry unnecessary black eyes. Ethics is very high on the list in the insurance industry, and we don't want to lose the people's trust. That said, the industry is not perfect; but what industry is?
For our part, we believe in strong regulations and strong regulators.
We welcome your comments and ask you to keep in mind that we cannot and will not reply in any way or ways where any insurance commissioner could rightly say we've violated the law of the given state.
We are allowed to share rating-bureau data/reports and industry-consultant opinions but make clear here that those opinions are theirs and do not necessarily reflect our position.