A quarter of respondents say they've had trouble meeting their housing costs in the past year, and two - thirds
say high housing costs impede their ability to pay for other necessities, including food and transportation, and to save for retirement.
Not exact matches
All told, the jump in Treasury yields has yet to make its way into the broader economy in the form of
higher borrowing
costs, yet it will likely start to dampen the
housing and auto markets as consumer loans become more expensive,
said Gary Cloud, a portfolio manager of the Hennessy Equity and Income Fund.
WASHINGTON, Jan 11 - U.S.
House Ways and Means Committee Chairman Kevin Brady
said on Thursday getting rid of the so - called Cadillac tax on
high -
cost employer - provided health insurance could be part of the spending deal now under negotiation in Congress.
WASHINGTON, Jan 11 (Reuters)- U.S.
House Ways and Means Committee Chairman Kevin Brady
said on Thursday getting rid of the so - called Cadillac tax on
high -
cost employer - provided health insurance could be part of the spending deal now under negotiation in Congress.
Any number of shocks could send Canada's
house of cards tumbling, the bank
says, particularly
higher borrowing
costs that pinches households already carrying record
high levels of debt.
I'm ashamed to
say that I used to sit in front of a
House or Senate committee on Capitol Hill and
say, «Every dollar you invest in Headstart will save $ 6.00 later on in
higher productivity or in lower prison
cost,» or some other obscene argument of that sort.
Moreover, Tuohy
said, the Park District already controls several
high -
cost historic buildings that remain largely unused, such as the Colonel Palmer
house, another prominent 19th Century mansion.
Unite, the country's biggest union,
said that the postponement of Paul Blomfield MP's
High Cost Credit Private Members» Bill in the
House of Commons must not be the last word on measures to tackle this growing and worrying industry.
Freimuth
said CRDA's
housing committee did review the proposal in June 2015 but found the
cost to CRDA was too
high, $ 125,000 a unit, or nearly twice CRDA's average investment in a
housing project.
But Zemsky
said he recognizes the challenges facing Long Island, including an exodus of young people,
high costs, the need to nurture technology companies and to build more
housing near LIRR stations.
This figure, she
said, meant «jeopardizing» some 17,000 potential apartments because of
higher costs — unacceptable given what she called the city's «
housing emergency.»
«When I talk to people involved in commercial real estate, and I don't have the exact number, but they're
saying land
costs are astronomically
high, and taxes are one of the big reasons why it's very difficult to build affordable
housing,» Flanagan
said.
High land
costs are a side effect of a lack of supply due to preservation efforts, she
said, adding the current town zoning code has also hindered efforts to attract affordable
housing to the area.
«The combination of a
high cost of living, shortage of good jobs, lack of affordable
housing and poor performing schools makes it hard for middle class families — and their children — to get ahead, or even hold their own,» she
said.
«A lot of jobs in the Washington, D.C., area look like good positions,» he
says, but he's scared off by the
higher cost of living, in particular the disparity with the deep South on
housing.
At a post-Irma summit in South Florida, officials
said the key to preparing the region for future storms goes beyond dealing with sea level rise — it requires addressing chronic issues like low wages, aging infrastructure, and
high housing costs.
Eric Heins, president of the California Teachers Association,
said that multiple strategies are needed to close the diversity gap, beginning with reducing the student loan burden for prospective teachers, providing mentorship when they begin teaching, and tackling other challenges such as the
high costs of
housing.
According to the Bloomberg news service, «President - elect Barack Obama agreed with
House Democrats to increase the limit on loans Fannie Mae and Freddie Mac can purchase to $ 729,750 in
high -
cost areas,
House Financial Services Chairman Barney Frank
said.»
That
said, they often come with
high closing
costs, and if you default on the loan, you could lose your
house.
State Senator Joseph Griffo, Chair of the Senate Energy Committee,
said, «As many New Yorkers struggle to afford the
high energy
costs of their homes, this funding to build new energy - efficient
housing will help lower - income families save money while protecting them from sporadic spikes in utility rates.»
That
said, if each
house was given a dividend of $ 180 / year from the program to offset
higher energy
costs, two - thirds of people supported the program.
«While the rankings shift every year, we see certain trends across many counties, including increasing child poverty, unemployment and
high housing costs,»
said Cecilia Zalkind, executive director of Advocates for Children of New Jersey, which publishes the Kids Count reports.
In St. Louis, Mo., REALTOR ® Eric Friedman
said his state's historic tax credits program was initially passed in 1997 «because we have a low -
housing -
cost market in St. Louis, but
high construction
costs.
«We've held back from opening an online store because the majority of the items sold — like yard signs, brochure boxes, and open
house banners — have packaging and shipping
costs that are
higher than the
cost of the item itself,»
says Perry Crume, senior vice president at the Kansas City Regional Association of REALTORS ®.
High housing costs make it difficult for 27 percent of likely voters to pay for health care, including medical insurance, the National Low Income Housing Coalitio
housing costs make it difficult for 27 percent of likely voters to pay for health care, including medical insurance, the National Low Income
Housing Coalitio
Housing Coalition
says.
«Builders» optimism in the
housing market is solidifying, even as they deal with
higher building material
costs and shortages of lots and labor,»
said Granger MacDonald, chairman of the NAHB, in a statement on the Index.
Several economists have
said it will affect
housing prices in
high cost markets, and yet you claim they and I are all wrong.
The steady price increases of the past three years and the expected rise in mortgage rates will push mortgage carrying
costs higher and will cause
housing demand to ease gradually, it
says.
In Saskatchewan, even with slower
house price growth, the province still saw a mild deterioration in affordability as a result of a slowdown in the pace of year over year income growth,
higher utility
costs and
higher mortgage rates,
says the report.
Despite stricter mortgage lending guidelines and the possibility of slightly
higher borrowing
costs, on average, there will be many buyers who remain upbeat on the purchase of ownership
housing,»
said Jason Mercer, TREB's Director of Market Analysis.
Single - family, detached homes typically carry
higher price tags than townhouses and condos, depending highly on location, and have
higher home maintenance
costs, but
house owners have all of the
say in what get fixed when and how much they are willing to spend.
«Conceal a couple of portable outdoor lamps and aim them at the
house or a beautiful tree for low -
cost,
high - value impact,» Vail
says.
«
Housing affordability conditions have been at a record
high this year, rents are rising and homes are selling for less than the
cost of construction in most of the country,» he
said.
«Canada's
housing market in 2008 should continue to thrive on a balanced diet of strong economic fundamentals, including
high levels of employment, resilient consumer confidence, modest levels of inflation and the relatively low
cost of borrowing money,»
says Phil Soper, president and chief executive of Royal LePage Real Estate Services.
We believe projects like this serve to increase the stock of affordable
housing in
high costs areas such as New York,»
says Ken Bacon, senior vice president of multifamily for Fannie Mae.
«This study highlights the real effects that building regulations have on
housing affordability,»
says NAHB Chairman Kevin Kelly, a home builder and developer from Wilmington, Del. «Local, state and federal government officials need to know that
higher regulatory
costs have real consequences for working American families.
Right off the bat I would
say you don't count yourself in your projections unless your current
housing expenses are equal to or
higher than the
cost of the unit In other words, if your current rent is $ 1000, it is disingenuous to consider $ 2000 as «rent to yourself».
Beasley
says investors are particularly interested in buying in less costly markets, such as Florida, Atlanta, Texas, North Carolina and Las Vegas, especially when they live in
high -
cost housing markets.