Monday 30 August 2010 8:58 pm Share whatsapp whatsapp Tags: NULL THE government is set to make almost £30bn from its emergency bailout of British banks, according to new research out today. At the time of the bailout, some observers predicted the taxpayer would end up nursing losses of around £850bn. But The Banker magazine says a combination of recovering profits, rising equity markets and fees charged on loans and guarantees will net the government a massive £30bn profit. British taxpayers are currently breaking even on their 83.2 per cent holding in Royal Bank of Scotland (RBS) and 41.3 per cent shareholding in Lloyds Banking Group when dividends and other earnings are taken into account.If the equity market rises in line with economic growth, the taxpayer is likely to see a paper profit of £19bn within five years, according to an estimate by the Centre for Economics and Business Research. A further £8bn will be due from fees for loans, bond guarantees and the Asset Protection Scheme (APS). Lloyds paid £2.5bn to join the APS, even though it did not ultimately participate. And RBS has so far paid £1.4bn for the guarantee, although losses are unlikely to be large enough to require taxpayer money. Taxpayer set to earn £30bn from bailouts Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof KCS-content Show Comments ▼
Warren Buffett’s career shows investors don’t need an exceptionally complicated strategy to outperform the stock market over a long time period. His focus on the quality of a company, as well as the price paid for it, has helped him to become one of the wealthiest people in the world.That same strategy could prove to be useful for any investor. As such, when investing £1k (or any other amount) in shares through a Stocks and Shares ISA, it could be worth following these Buffett tips before deciding what companies to buy. In the long run, it could lead to an increased chance of retiring early.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…High-quality companiesPerhaps the central theme of Buffett’s investment strategy is purchasing high-quality businesses. Clearly, defining whether a company is high quality or not is subjective. Buffett focuses on criteria such as a company’s economic moat, as well as the returns it has offered to equity holders.In terms of an economic moat, this could take the shape of a high degree of customer loyalty for a large brand. Or it could mean a company enjoys a lower cost base than its rivals which provides competitive advantage. Equally, it may mean a business has a unique product.Essentially, an economic moat equates to a stronger position versus sector peers which can lead to better financial performance in the long run. Such businesses can be worthy of significantly higher valuations than their sector rivals.Low valuationsWhen it comes to buying companies, Buffett has stated that he would “rather buy a great company at a fair price than a fair company at a great price.” While this may be the case, he has historically sought to pay a price for all the companies he buys which represents a discount to their intrinsic value. In other words, he aims to buy a stock for less than he thinks it’s worth. In doing so, he obtains a margin of safety which can provide him with a favourable risk/reward ratio.With the FTSE 100 and FTSE 250 currently offering a wide range of companies that seem to offer low valuations – especially compared to their historic averages – there may be a number of opportunities to buy high-quality businesses at low prices.Long-term holdWith the stock market having a track record of volatility, Buffett aims to capitalise on its cyclicality. He often purchases stocks while other investors have a pessimistic attitude towards the wider market. He then holds those companies for the long term, with his favoured holding period apparently being ‘forever’.Therefore, now could be the right time to buy high-quality companies while they trade on low valuations. Holding them for a number of years could boost your ISA returns and lead to an increasing chance of an early retirement. See all posts by Peter Stephens Simply click below to discover how you can take advantage of this. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. I’d follow Warren Buffett’s tips when investing £1k in an ISA today to retire early Enter Your Email Address I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Peter Stephens | Wednesday, 15th January, 2020 Our 6 ‘Best Buys Now’ Shares Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! “This Stock Could Be Like Buying Amazon in 1997” I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Image source: The Motley Fool
Rector Shreveport, LA Ya no son extranjeros: Un diálogo acerca de inmigración Una conversación de Zoom June 22 @ 7 p.m. ET In-person Retreat: Thanksgiving Trinity Retreat Center (West Cornwall, CT) Nov. 24-28 Family Ministry Coordinator Baton Rouge, LA Tags Inaugural Diocesan Feast Day Celebrating Juneteenth San Francisco, CA (and livestream) June 19 @ 2 p.m. PT Anglican Communion, Rector Martinsville, VA [Anglican Communion News Service] Bishops and other delegates from the six countries in the Anglican Church of South America have met to discuss joint action on the “rapidly mounting issues of global climate change and environmental destruction.” Bishop of Argentina Greg Venables, the presiding bishop of the Anglican Church of South America, called the meeting together with the support of the Anglican Communion Environmental Network. “The church, for the most part, has been in denial about climate change,” he said. “And unless we respond quickly we face not just the tragic outcome, but God’s judgment, since Scripture makes our responsibility clear. We have among us key gifted people to help us, and we pray that this will provide a much-needed point of unity as we move forward.”Read the entire article here. Press Release Service South American Anglicans meet to discuss joint action on climate change Remember Holy Land Christians on Jerusalem Sunday, June 20 American Friends of the Episcopal Diocese of Jerusalem Youth Minister Lorton, VA Environment & Climate Change, Course Director Jerusalem, Israel Assistant/Associate Rector Washington, DC Virtual Celebration of the Jerusalem Princess Basma Center Zoom Conversation June 19 @ 12 p.m. ET The Church Pension Fund Invests $20 Million in Impact Investment Fund Designed to Preserve Workforce Housing Communities Nationwide Church Pension Group AddThis Sharing ButtonsShare to PrintFriendlyPrintFriendlyShare to FacebookFacebookShare to TwitterTwitterShare to EmailEmailShare to MoreAddThis This Summer’s Anti-Racism Training Online Course (Diocese of New Jersey) June 18-July 16 Featured Jobs & Calls The Church Investment Group Commends the Taskforce on the Theology of Money on its report, The Theology of Money and Investing as Doing Theology Church Investment Group Rector Knoxville, TN Episcopal Charities of the Diocese of New York Hires Reverend Kevin W. VanHook, II as Executive Director Episcopal Charities of the Diocese of New York Rector Collierville, TN Associate Priest for Pastoral Care New York, NY An Evening with Presiding Bishop Curry and Iconographer Kelly Latimore Episcopal Migration Ministries via Zoom June 23 @ 6 p.m. ET Submit an Event Listing Featured Events Priest Associate or Director of Adult Ministries Greenville, SC Advocacy Peace & Justice, Cathedral Dean Boise, ID Rector Tampa, FL Seminary of the Southwest announces appointment of two new full time faculty members Seminary of the Southwest New Berrigan Book With Episcopal Roots Cascade Books Rector Washington, DC Submit a Job Listing Join the Episcopal Diocese of Texas in Celebrating the Pauli Murray Feast Online Worship Service June 27 Priest-in-Charge Lebanon, OH Rector Bath, NC Bishop Diocesan Springfield, IL South America Assistant/Associate Priest Scottsdale, AZ Missioner for Disaster Resilience Sacramento, CA Rector Albany, NY Associate Rector for Family Ministries Anchorage, AK Rector Pittsburgh, PA Assistant/Associate Rector Morristown, NJ Director of Music Morristown, NJ Director of Administration & Finance Atlanta, GA TryTank Experimental Lab and York St. John University of England Launch Survey to Study the Impact of Covid-19 on the Episcopal Church TryTank Experimental Lab Rector and Chaplain Eugene, OR Rector Smithfield, NC Curate (Associate & Priest-in-Charge) Traverse City, MI Rector (FT or PT) Indian River, MI Rector Hopkinsville, KY Submit a Press Release Rector Belleville, IL Rector/Priest in Charge (PT) Lisbon, ME Posted Jun 11, 2018 Episcopal Migration Ministries’ Virtual Prayer Vigil for World Refugee Day Facebook Live Prayer Vigil June 20 @ 7 p.m. ET Canon for Family Ministry Jackson, MS Associate Rector Columbus, GA Curate Diocese of Nebraska
ArchDaily CopyAbout this officeSER-raOfficeFollowProductWood#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousingApartmentsRefurbishmentApartmentLisbonPortugalPublished on March 29, 2019Cite: “Apartment in Santa Apolonia / SER-ra” [Apartamento em Santa Apolónia / SER-ra] 29 Mar 2019. ArchDaily. Accessed 11 Jun 2021.
Virtual funding advice service launched for v funding New social action development agency, the Red Foundation, has launched support package to help those organisations planning to apply for some of the £70 million or so available in the latest grant round from the national youth volunteering v.The package aims to help organisations to develop their ideas and to help them interpret the v funding requirements to maximise their application’s potential for success. The service is delivered via email and phone so is accessible to organisations across the country.The Red Foundation believes that there is a considerable need for their service: as well as the level of competition from other voluntary organisations, applicants have to get to grips with a set of funding guidelines that are over 60 pages long. Advertisement Howard Lake | 3 July 2007 | News The Red Foundation recently worked with v on the strategic development of its national youth volunteering programme, so they say they have a good understanding of the priorities and requirements for this funding round. This is no doubt strengthened by the fact that v’s former youth involvement manager has joined the Red Foundation’s team.The Red Foundation aims to bring people together to do things that create a better place for us all to live and work. It works with individuals and organisations throughout the UK to make positive change happen and to act as a catalyst for new ideas and initiatives.A community interest company, Red was founded in 2006 by Jamie Thomas, former head of the Russell Commission secretariat and previously marketing director at YouthNet UK. 14 total views, 1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.
Community News 4 recommended0 commentsShareShareTweetSharePin it Community News Business News First Heatwave Expected Next Week More Cool Stuff Your email address will not be published. Required fields are marked * Name (required) Mail (required) (not be published) Website Sports The Baseball Reliquary Announces Sy Berger, Steve Bilko, and Glenn Burke Elected to the Shrine of The Eternals for 2015 From STAFF REPORTS Published on Tuesday, May 5, 2015 | 9:15 pm Make a comment Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy Subscribe L-R: Steve Bilko, Glenn Burke and Sy Berger. Photo courtesy The Baseball Reliquary Inc.The Board of Directors of the Baseball Reliquary, Inc., a Southern California-based nonprofit organization dedicated to fostering an appreciation of American art and culture through the context of baseball history, is pleased to announce the seventeenth class of electees to the Shrine of the Eternals. The Shrine of the Eternals is the national organization’s equivalent to the Baseball Hall of Fame.Sy Berger, Steve Bilko, and Glenn Burke were elected upon receiving the highest number of votes in balloting conducted during the month of April 2015 by the membership of the Baseball Reliquary. The three electees will be formally inducted into the Shrine of the Eternals in a public ceremony on Sunday, July 19, 2015 at the Donald R. Wright Auditorium in the Pasadena Central Library, Pasadena, California.Of the fifty eligible candidates on the 2015 ballot, Sy Berger received the highest voting percentage, being named on 33% of the ballots returned. Following Berger were Steve Bilko with 31% and Glenn Burke with 31%. Runners-up in this year’s election included Bob Costas (30%), Bo Jackson (29%), J.R. Richard (29%), Lisa Fernandez (26%), and Charlie Finley (26%). Voting percentages for all fifty candidates appear at the end of this announcement.Elected to the Shrine of the Eternals in his fifth year on the ballot, SY BERGER (1923-2014) reinvented the baseball card for the baby boom generation, and transformed it into a staple of baby boom culture. He was instrumental in turning an insignificant childhood diversion into an important, and highly profitable, facet of American culture. Born in the Bronx, just blocks from Yankee Stadium, Berger joined the Brooklyn-based Topps Chewing Gum Company as an assistant sales manager in 1947 and headed its sports department for half a century. During his tenure, he designed and oversaw the production of some of the most innovative and revered baseball cards of all-time. He is often called the “Father of the Modern Day Baseball Card” for his work on the 1952 Topps baseball set, which he designed (with help from Woody Gelman) on his kitchen table and which for the first time incorporated team logos along with facsimile signatures, statistics, and personal information on the players. This same format continues to the present day. That first series was issued with an initial run of 310 cards, followed later in the year by a supplementary series that ran the final card count to 407. This set included one of the most sought-after baseball cards of the era, Mickey Mantle’s first Topps card (#311), many of which were dumped into the Atlantic Ocean when leftover boxes were removed from the warehouse. Berger signed the players to contracts, arranged for photographs, and wrote copy for all the cards. He soon became the face of the Topps Company to ballplayers. In short time, Topps bubblegum production ceded pride of place to baseball card manufacturing as the juvenile mania for baseball cards grew. Berger would remain with Topps as an employee for fifty years (1947-1997), and would serve as vice-president, and then consultant and board member. He was still working as the company’s principle liaison between the players, teams, and leagues until his retirement in 2003.Elected to the Shrine of the Eternals in his fourth year on the ballot, STEVE BILKO (1928-1978) was not a star in the big leagues. Over a peripatetic ten-year career, he was a regular for only one season (1953, with the Cardinals), and he appeared in more than 100 games only one other time (1961, with the expansion Angels). He could hit for power, but struck out too often. He had no speed. To explain the lingering mystique of this moon-faced, lumbering first baseman, we must look at the Pacific Coast League, with franchises located along the West Coast and featuring a prolonged weather-friendly playing season, competitive pennant races and playoffs, and a rabidly partisan fan base. When residents of Los Angeles, San Diego, Seattle, Sacramento, or other western cities thought of pro baseball, they thought of the PCL, not the far-distant American or National Leagues. The PCL produced great baseball until the Dodgers and Giants relocated to Los Angeles and San Francisco, respectively, in 1958, thus reducing the PCL to permanent minor-league status. In those waning years of PCL supremacy, Bilko was the slugging star for the Los Angeles Angels, who wowed fans with mammoth home runs and exceptionally fierce strikeouts. He led the PCL in home runs for three consecutive seasons from 1955 to 1957, winning the league Triple Crown in 1956 with a .360 average, 55 HRs, and 164 RBI. He was by far the biggest sports star in Los Angeles history prior to the arrival of the Dodgers. His pop culture profile was so huge that when comedian Phil Silvers needed a name for a character in his new television sitcom, he picked Bilko. Recognizing his popularity with local fans, the Dodgers added Bilko to their roster as a gate attraction for their inaugural campaign in Los Angeles. The Angels (the American League expansion team) did likewise in 1961, providing Bilko with a final chance to awe the fans at his old haunt, Los Angeles’s Wrigley Field. For those who saw him play in the PCL, he will always be remembered as a superstar. That his glory years coincided with the demise of a much-loved league adds a last wistful touch to his legend.Elected to the Shrine of the Eternals in his eighth year on the ballot, GLENN BURKE (1952-1995) was a fleet, capable outfielder for the Los Angeles Dodgers and Oakland Athletics during a four-year major league career from 1976 through 1979. He was the first big league ballplayer to publicly acknowledge he was gay. Although his public disclosure came after he had retired, Burke’s sexual preference was well known during his playing days, and he encountered widespread homophobia from locker rooms to board rooms. In his 1995 autobiography, Out at Home: The Glenn Burke Story, he revealed that Dodgers’ management, in an attempt to conceal his homosexuality, offered to pay for Burke’s honeymoon if he would agree to marry a woman. While never given an everyday opportunity with the Dodgers to show his mettle, Burke did make one lasting contribution to popular culture while with the team. After Dusty Baker’s 30th home run at the end of the 1977 season—a feat which made the Dodgers the only team at that time to have four different players hit 30 or more taters—Burke raised his hands in celebration at home plate. As Baker crossed the plate he reached up, slapped one, and the high-five was born. Having appeared in just over 100 games for Los Angeles during parts of three seasons, Burke was sent packing to Oakland. Returning to his hometown didn’t make Burke’s life any easier. A’s manager Billy Martin made public statements about not wanting a homosexual in his clubhouse, a clear reference to Burke. After just two years with the A’s, Burke quit baseball in frustration. He became active in amateur athletic competition after baseball, competing in the 1982 and 1986 Gay Games in basketball and track. Burke’s life then went into a tailspin. Cocaine addiction and an accident that crushed his leg and foot led to years of physical misery, bouts with the law, and homelessness. He died of complications from AIDS-related illness in 1995. A documentary, Out: The Glenn Burke Story, was released in 2010. “They can’t ever say now that a gay man can’t play in the majors,” Burke stated, “because I’m a gay man and I made it.”Sy Berger, Steve Bilko, and Glenn Burke will join 48 other baseball luminaries who have been inducted into the Shrine of the Eternals since elections began in 1999, including, in alphabetical order, Jim Abbott, Dick Allen, Roger Angell, Emmett Ashford, Moe Berg, Yogi Berra, Ila Borders, Jim Bouton, Jim Brosnan, Bill Buckner, Roberto Clemente, Steve Dalkowski, Dizzy Dean, Rod Dedeaux, Jim Eisenreich, Dock Ellis, Eddie Feigner, Mark Fidrych, Curt Flood, Ted Giannoulas, Josh Gibson, Jim “Mudcat” Grant, Pete Gray, William “Dummy” Hoy, Shoeless Joe Jackson, Bill James, Dr. Frank Jobe, Bill “Spaceman” Lee, Roger Maris, Marvin Miller, Minnie Minoso, Manny Mota, Lefty O’Doul, Buck O’Neil, Satchel Paige, Jimmy Piersall, Pam Postema, Jackie Robinson, Rachel Robinson, Lester Rodney, Pete Rose, Casey Stengel, Luis Tiant, Fernando Valenzuela, Bill Veeck, Jr., Maury Wills, Kenichi Zenimura, and Don Zimmer.The Shrine of The Eternals: 2015 Voting Percentages(Rounded off to nearest percentage point)Sy Berger – 33%Steve Bilko – 31%Glenn Burke – 31%Bob Costas – 30%Bo Jackson – 29%J.R. Richard – 29%Lisa Fernandez – 26%Charlie Finley – 26%Effa Manley – 25%Charlie Brown – 24%Rocky Colavito – 21%Rube Foster – 21%Ernie Harwell – 21%Denny McLain – 21%Vic Power – 20%Rusty Staub – 20%Charles M. Conlon – 19%Luke Easter – 19%Nancy Faust – 19%Mamie Johnson – 19%Rube Waddell – 19%John Young – 19%Dr. Mike Marshall – 18%Hideo Nomo – 18%Dave Parker – 18%Chet Brewer – 17%Annie Savoy – 17%Bert Campaneris – 16%Octavius V. Catto – 15%Fred Merkle – 15%Daniel Okrent – 15%Dan Quisenberry – 15%Peter Reiser – 15%John Montgomery Ward – 15%Phil Pote – 14%Charley Pride – 14%Jose Canseco – 13%Joe Pepitone – 13%Margaret Donahue – 12%Chris Von der Ahe – 11%Eliot Asinof – 10%Tug McGraw – 10%David N. Mullany – 10%Masaoka Shiki – 9%Peter Seitz – 7%Jim Paul – 5%Jorge Pasquel – 4%Gale Wade – 4%Ray Oyler – 3%Billy Earle – 1% Top of the News Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyCitizen Service CenterPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes HerbeautyThese Are 15 Great Style Tips From Asian WomenHerbeautyHerbeautyHerbeauty10 Ways To Get Into Shape You’ve Never Tried BeforeHerbeautyHerbeautyHerbeauty15 Beauty Secrets Only Indian Women KnowHerbeautyHerbeautyHerbeauty14 Effortless Looks That Make Men StareHerbeautyHerbeautyHerbeautyThe Biggest Signs You Want To Be With Your Girlfriend ForeverHerbeautyHerbeautyHerbeauty11 Yummy Spices For A Flat TummyHerbeautyHerbeauty Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena
The Best Markets For Residential Property Investors 2 days ago About Author: David Wharton Demand Propels Home Prices Upward 2 days ago March 29, 2018 3,952 Views Share Save Editor’s note: This story was originally featured in the March issue of DSNews, out now.Paul Bishop, Ph.D. is the VP of Research for the National Association of Realtors. In this role, he leads the Research Division’s survey and market research activities, including analysis of real estate business and policy issues. Bishop’s team of real estate research professionals collects and disseminates comprehensive data and conducts economic analysis in order to inform and engage members, consumers, and policymakers. Bishop holds a Ph.D. in Economics from the University of Illinois.With 2018 set in motion, are there any new housing trends you are seeing?When we when look ahead to 2018, the biggest area of uncertainty is how the market is going to react to the recently passed tax reform legislation. It could produce changes in the market in the coming couple years as it works its way through the system.One of the biggest challenges is going to be in certain high-cost parts of the country where they have high home prices, relatively high property taxes or high state income taxes, then that’s ultimately going to make the cost of owning a home more expensive.In addition, renters may lose the incentive to buy a home in high-cost areas if they can’t use the mortgage interest deduction or the ability to deduct some of those other housing-related costs from their taxes. It’s focused mostly on the higher cost areas. It’s certainly something that everyone will be monitoring and how the housing market reacts in 2018 and 2019.What do these shifts predict for the future of the housing market?We’re anticipating that the overall housing market is going to be relatively flat in terms of the number of sales. The opportunity for buyers to get out there and buy homes is limited by the fact that it takes much longer to buy a home simply because buyers have to spend more time looking for homes, so the market itself is limiting how many more home sales there can be—just because there isn’t the inventory available.Taking into account some of the potential impacts of tax reform, we’re still in an environment where prices are going to be on the general upward trend, and that’s probably going to limit affordability, especially for first-time buyers, and what that means in terms of saving for a down payment. I think that’s going to continue to be a more significant concern as we look ahead to the next year to 18 months.According to the National Association of Realtors’ most recent HOME Survey, a smaller share of households believes that now is a good time to buy or sell a home. What are the top factors behind this finding? When do you forecast buyer/ seller optimism to rebound?One factor behind that is the fact that affordability is being squeezed, so it’s more difficult for a lot of first-time buyers to think about buying a home and they’re holding back to see what happens. There was uncertainty about what the tax reform would ultimately turn out to be at the time the survey was taken—those are a couple of the biggest pieces that are raising some indecision in the housing market.In correlation to the inventory issue, it’s more difficult to find the right home, or for the seller to be certain they can find their next home, because there are too few homes in the market, and that’s just going to make the incentive to buy a home and the sentiment, or the optimism, in the market a little less than it might be otherwise.One of the positives that are out there that will drive the market, especially the more we get into 2018, is that it seems the economy is moving forward at a pretty solid pace. The unemployment rate is low, there’s an indication that incomes are on the rise, and wages are increasing. That’s all good because that’s the foundation for a strong housing market. Therefore, that sentiment might improve as those factors continue to become more prominent in the market, and homeowners and homebuyers recognize that it still is the time to buy a home. Another positive is that mortgage rates are at a very reasonable level. They’re not at their lowest point, but they’re still very low— certainly by historical standards.There’s hope and anticipation that maybe the inventory situation will start to loosen up a little bit. It’s not going to fix itself overnight. There’s not going to be a rebound where we need to be in terms of, say, home building. Things are steadily improving, so it would be very positive for the market if some of that pressure on the inventory side could be relieved if we aren’t back to where we need to be in 2018 or even 2019. Just making sure that we would see more homes relative to where we’re at now available for sale would be a positive for the market.Where are some of the riskiest places to buy and sell a home?One way to think about that is, what are the characteristics of the market that make them risky or not? It’s really a combination of those areas that might have a slow-growing economy, maybe weak job growth, and no tested markets. Those markets where there’s just not a lot of population growth and the number of households—maybe the numbers are stagnate. Also, those areas that have an economy that’s really not tied to industries that are growing very quickly, it’s difficult for households to see wage gains, and that’s one of the key things that generates some enthusiasm about the housing market is this desire to be a homeowner.It can be accomplished and still allow homeowners to stay within a reasonable budget to be able to do it and not have to go too far out of their comfort zone, but that requires an economy that’s adding jobs, increasing wages, and generating some activity. Markets that don’t have that are probably going to lag the rest of the other markets out there in terms of recouping some of the losses they may have felt during the financial crisis.There are quite a few factors one could look at, but those markets that are not as dynamic because the economy isn’t as robust as it might be otherwise, or they just aren’t attracting people to their local economy are the riskiest. Those are the ones that are really going to see the slowest growth. If the economy continues along as we see, most markets are probably going to benefit. Most metros are probably going to continue to see the unemployment rate decline. Everything is kind of moving in a positive direction. It’s just a matter of degree to which ones are moving faster than others.High demand and low inventory have common trends in the housing market. What do you foresee in the next year for the inventory narrative?The trends in terms of low inventory and the affordability squeeze are probably with us through 2018. There’s no quick fix for the inventory problem. Yes, homebuilders can build more homes than they are, but it’s a longer process to catch up with all of the people out there. So it will take several years for that to correct itself. That’s actually going to be the basic story in 2018, the rising home values and the tight inventory. And with a thought toward what the implications for policies just like tax reform might be will either support or limit the growth that we have seen in the housing market otherwise. David Wharton, Managing Editor at the Five Star Institute, is a graduate of the University of Texas at Arlington, where he received his B.A. in English and minored in Journalism. Wharton has over 16 years’ experience in journalism and previously worked at Thomson Reuters, a multinational mass media and information firm, as Associate Content Editor, focusing on producing media content related to tax and accounting principles and government rules and regulations for accounting professionals. Wharton has an extensive and diversified portfolio of freelance material, with published contributions in both online and print media publications. Wharton and his family currently reside in Arlington, Texas. He can be reached at [email protected] Talking About Housing With Paul Bishop Home / Daily Dose / Talking About Housing With Paul Bishop Related Articles Ask the Economist NAR National Association of Realtors Paul Bishop Print Features 2018-03-29 David Wharton Print This Post Servicers Navigate the Post-Pandemic World 2 days ago in Daily Dose, Featured, Magazine, Print Features Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: Improving the HELOC Experience Next: Women Less Confident About the State of Housing Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Sign up for DS News Daily The Week Ahead: Nearing the Forbearance Exit 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: Ask the Economist NAR National Association of Realtors Paul Bishop Print Features Servicers Navigate the Post-Pandemic World 2 days ago Subscribe
Loganair’s new Derry – Liverpool air service takes off from CODA Twitter Facebook Investigation ongoing after plane makes emergency landing in Derry WhatsApp Facebook Google+ Previous articleProgress on significant social housing project for LetterkennyNext articleMichael Duffy reacts to Dundalk’s FAI Cup win News Highland An investigation has been launched after a plane which left Derry Airport yesterday evening had to make an emergency landing shortly after take-off.The plane had been scheduled to fly to London however ten minutes into the flight it’s reported that there was a smell of burning in the cockpit and the pilot made the call to land back in Derry.On return, passengers and crew were met with a major emergency response team.Members of Cllr Rena Donaghys family were on the flight, she has been praising the swift response of all involved:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2018/11/renaghghghghghderry.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Arranmore progress and potential flagged as population grows Community Enhancement Programme open for applications Important message for people attending LUH’s INR clinic Nine til Noon Show – Listen back to Monday’s Programme WhatsApp Pinterest AudioHomepage BannerNews Google+ Pinterest Twitter RELATED ARTICLESMORE FROM AUTHOR By News Highland – November 5, 2018 Publicans in Republic watching closely as North reopens further
iStock(NEW YORK) — A Manhattan, New York, jury took a little over two days to convict a Princeton University graduate for killing his hedge fund father, after the father threatened to reduce his allowances and not pay his rent.Thomas Gilbert Jr. is facing 25 years to life in prison for shooting his father, Wainscott Capital Partners founder Thomas Gilbert Sr., in the head inside the family’s Beekman Place apartment on Jan. 4, 2015.Prosecutors said that Gilbert Jr., 34, staged his 70-year-old father’s death as a suicide hours after the financier threatened to stop giving him an allowance between $300 and $1000 and paying rent for his studio apartment.“He is not a child,” said Assistant District Attorney Craig Ortner during closing arguments in Manhattan Supreme Court on Wednesday. “This defendant didn’t want to grow up and be an adult. When his father tried to push him along in that direction and cut his allowance, he threw the ultimate tantrum.”Prosecutors said Gilbert Jr. sent his mother out of the house on an errand to get a can of soda. Within 15 minutes, Gilbert Jr. was seen on surveillance video walking into and leaving the building with a hood covering his face.According to Gilbert Jr.’s attorney, Arnold Levine, the then 30-year-old suffers from a slew of mental illnesses including obsessive-compulsive disorder, but the jury did not buy the mental defect defense.“It was the can of Coke,” said Kimmy Lee, 61, who served as juror No. 5. “At first I believed he wasn’t responsible because of his mental illness, but after reading through all the manuscripts it hit me: that one line about the Coke showed that he was conscious of his actions at the time.”Gilbert Jr. appeared emotionless as the jury foreman declared him guilty of second-degree murder and two counts of criminal possession of a weapon.“I think they got it wrong,” said Levine after the verdict on Friday. “Someone like Tommy does not belong in a state prison — he needs to belong in a psychiatric hospital.”Manhattan Supreme Court Justice Melissa Jackson is expected to sentence Gilbert Jr. on Aug. 9.Prosecutors said there is no evidence Gilbert Jr. ever had a psychotic break when he fired the .40 caliber semi-automatic pistol — but rather is a “symbol of entitlement.”In Aug., 2013, Wainscott Capital Partners had $5 million under management with investments in about 20 company names at a time, Hedge Fund Alert reported. By October 2014, the fund had grown to $7.3 million, Wainscott Capital reported to eVestment.Copyright © 2019, ABC Radio. All rights reserved.