Portugal’s bid to attract foreign money backfires as rental market goes ‘crazy’

Portugal’s bid to attract foreign money backfires as rental market goes ‘crazy’

This isn’t just happening in Portugal. The financialization of housing is an issue in many countries and cities. However, the benefits need to be considered and how anf whethet locals are sharing in on the benefits. https://www.theguardian.com/world/2023/jul/29/portugals-bid-to-attract-foreign-money-backfires-as-rental-market-goes-crazy?CMP=Share_AndroidApp_Other

In charts: how privatisation drained Thames Water’s coffers

In charts: how privatisation drained Thames Water’s coffers

On the dangers of privatising a critical service. And the UK has done it about as bad as you can imagine. Poor regulation combined with highly indebted water provider owned by private equity sowed the seeds for an epic disaster. https://www.theguardian.com/business/2023/jun/30/in-charts-how-privatisation-drained-thames-waters-coffers?CMP=Share_AndroidApp_Other

US student loan payments to resume as Americans struggle to pay other debts | S&P Global Market Intelligence

US student loan payments to resume as Americans struggle to pay other debts | S&P Global Market Intelligence

This represents a massive decrease in disoaable income for millions. I hope they are prepared. https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/us-student-loan-payments-to-resume-as-americans-struggle-to-pay-other-debts-76294955

Mortgage 12-month grace period: what’s in it for you?

Mortgage 12-month grace period: what’s in it for you?

None of these UK mortgage  payment shock solutions deal with the underlying problem and they actually make the problem worst. A 12 month grace period won’t solve the problem and assuming interest accrues during the grace period borrowers are worse off. Neither borrower income nor integrates are likely to change much,  hence the grace period …

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