A cabin is illuminated by firetruck lights as the Caldor Fire burns near Lake Tahoe in California on Aug. 31, 2021.
Wally Skalij/Los Angeles Times via Getty Images
Matthew E. Kahn, USC Dornsife College of Letters, Arts and Sciences
Private companies rate all kinds of investments, from stocks to used cars. Now, they’re starting to analyze climate risks to local real estate – but how reliable are their findings?
Understanding the experiences of van dwellers is important not just for those looking to cut their ties to rents and mortgages, but also for community planners and employers.
At the margin, more compulsory super will mean less equity in homes and more borrowing for homes. Australia already has one of the world’s highest household debt ratios.
Increasing numbers of older Australians face a harder time paying the bills when they retire because they’ll still be paying off a mortgage or renting a home.
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People over 65 who still have a mortgage or are renting are projected to double in number by 2031. The trend is likely to hit government budgets and leave more retirees in poverty.
The financial system is awash with money, which is why interest rates have been so low for so long.
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It’s been 10 years since the U.S. signed into law a scheme to print money, essentially, and save the financial sector amid the sub-prime mortgage meltdown. Did it work? And who’s truly benefitted?
The Financial Services Royal Commission has exposed some irresponsible lending by Australia’s biggest banks.
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The financial institutions fronting the Financial Services Royal Commission are also the ones controlling mortgages, so will an expose of their dealings push property prices down?
An ice sculpture titled ‘Main Street Meltdown’ melts near Wall Street.
AP Photo/Frank Franklin II
The collapse of an obscure corner of the financial market a decade ago foreshadowed the Great Recession. The stock-market swoon in February should offer a similar warning.
Lenders will soon have more data on your accounts and cash flow.
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Australia’s credit reporting system is about to be updated, and new research shows it’s past due. The current system simply doesn’t provide either lenders or borrowers with enough information.
Product intervention powers apply across investment, insurance and credit products but it will never be easy for ASIC to prove the risk of “significant consumer detriment”.
Dan Himbrechts/AAP
Rather than tinkering with the deduction, Republicans should get rid of it altogether and replace it with something that would actually help more Americans afford a home.
Aerial view of residential housing on the Gold Coast.
AAP ONE
While the key economic signs remain strong, new data suggests many Australians are entering into mortgages without having fully grasped the financial consequences.
Catching you out with the small print.
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The amount of Australians in mortgage stress is the reason why wages growth and the labour market are such a problem - and a big reason for the RBA not to raise rates any time soon.
People from South East Asian countries are less likely to default on their mortgages because of a culture of financial assistance from families, new research shows.