“Everything’s fair in love and April,” a Colorado lobbyist posted on Facebook.The summation referred to the Colorado General Assembly, which will adjourn its four-month romp on May 3. Through this year’s session, policies and billions of dollars have been on the legislative table for sweeping programs such as all-day free kindergarten, equal pay for women, restrictions on oil and gas operations, and an invitation for voters to kill conservatives’ sacred cow, the Taxpayer’s Bill of Rights.At the Colorado Capitol as in every statehouse across the country, an army of lobbyists are trying to make sure their clients get their share or their point of view heard.The Capitol is populated as well with lawyers, advisers, citizen activists, community organizers and public relations pros. Colorado Springs News Meet 13 key Colorado Capitol influencers JOEY BUNCH Colorado Politics They all are in the ear of (or at least at the bar with) your favorite … [Read more...] about The influencers: A look at how lobbying works at the Colorado Capitol
How long home equity loan
By Louis Hansen | [email protected] | Bay Area News Group PUBLISHED: January 2, 2019 at 6:30 am | UPDATED: January 2, 2019 at 1:51 pm The old real estate adage “location, location, location” could be replaced in California by “compromise, compromise, compromise.” Bay Area home buyers are saving longer, paying more, getting less and commuting farther than they wanted because of the region’s crippling housing shortage, according to a new survey by the California Association of Realtors. The survey highlights the extreme efforts Bay Area residents make to buy into a market where the median home sells for four times the national average. The typical Bay Area buyer spends 10 weeks searching for a home, about 25 percent longer than home buyers in other parts of the state. A home buyer trying to afford a 20 percent down payment on a $1 million property — just under the median price for a home in Santa Clara, San Mateo and … [Read more...] about Just how long does it take to buy a home in the Bay Area?
COUNCILS could get the power to decide what types of homes developers build under plans being considered by Philip Hammond. He said he would decide early next year whether to adopt a series of proposals from a long-awaited report by former minister Sir Oliver Letwin into fat cat developers who sit on land and wait for it to rise in value. The inquiry said large housebuilders were not guilty of systematic land banking but they deliberately released their homes for sale slowly to avoid flooding the market. This could be avoided if they’re forced to build different types and sizes of homes and release them as soon as they’re ready. The report also recommends giving councils the power to seize land at a rate capped at ten times the value of the existing land if developers continually refuse to develop on land. Meanwhile in his Budget yesterday Mr Hammond announced the Help to Buy equity loan. In his Budget yesterday Mr Hammond extended stamp duty relief to for first-time buyers … [Read more...] about Philip Hammond’s plans may give councils the power to decide what type of homes developers build
With the Federal Reserve's latest quarter-point interest rate increase (and still more likely to come), the pressure is mounting for consumers. The Fed's eighth hike in two years pushes the federal funds rate target to a new range of 2 to 2.25 percent. That rate is closely tied to consumer debt, particularly credit cards, home equity lines of credit and other adjustable-rate loans. "The cumulative effect is growing and it's going to place greater strain on households with variable-rate debt and tight budgets," said Greg McBride, chief financial analyst at Bankrate.com. For the average American, recent signs of rising inflation, which pushed the central bank into hiking rates beginning in 2015, aren't necessarily bad. They're generally considered an indication that the economy is doing well, and pave the way for pay raises and a better return on your savings. Final Trades: INTC, EWW & more from CNBC. On the upside, stashing some cash in a savings account is … [Read more...] about Here’s How the Fed Rate Hike Will Impact You
0 Have your say The global financial crisis was years in the making – but unfolded at stunning speed after Lehman Brothers collapsed in September 2008. Chris Burn looks at how Yorkshire was hit. As shocked employees of Lehman Brothers cleared their desks at the firm’s European headquarters in Canary Wharf on September 15, 2008, they carried cardboard boxes of personal possessions out onto the London streets and into a new world. An anticipated bailout of what was then America’s fourth-largest investment bank over financial problems linked to the collapse of a housing market bubble propped up by unsustainable mortgage lending had not come to pass, resulting in a company described just days earlier as “too big to fail” filing for bankruptcy with over $600bn of both assets and debts. As one trader put it as she left the London office for the final time: “It is terrible. Death. It is like a massive earthquake.”That earthquake … [Read more...] about Bankruptcies, job losses and disappearing skyscrapers: How Yorkshire was hit by the 2008 financial crisis