Publicación de MAAC

We need to build more homes and this is why. These graphs published recently in the FT make sobering reading for young aspiring homeowners. For older generations who saved up a deposit to buy their first home, they highlight just how much more difficult it is for young adults to do the same today. The key takeaways are: ⏺️ The last time house prices were this unaffordable relative to earnings was in 1876. ⏺️ The most common living arrangement for young adults ages 18–34 used to be living independently as a couple with children. Now it’s living at home with their parents. ⏺️ In the 1980’s and 1990’s, the average household headed by a 25-30 year old needed to save for 3–4 years to raise a typical deposit to buy a house. Now it's 13 years. ⏺️ In London, the situation is much worse rising as high as 30 years to save a deposit. The ramifications of this for society are severe. The social contract made to young adults, that if you work hard and save, you will be able to buy your own home and raise a family, has been completely broken. And mums and dads, how do you feel about your children having increasing little choice but to live with you until well into their 30’s because they can’t afford to move out? One way we can begin to fix this is by substantially increasing the supply of new homes. Just build more homes. 🏠 🏗️ You can read more in the article published in the FT (link below): https://lnkd.in/eqFTDNZv

**Unlocking Financial Freedom: How Trusted Senior Home Buyers Empower Seniors** As we age, our homes often hold a wealth of cherished memories and sentimental value. It's where we've raised families, celebrated milestones, and found comfort and security over the years. But as time goes on, some seniors may find themselves in need of extra support and care. This can lead to a difficult dilemma: How can seniors access the equity in their homes to pay for care giving services while still remaining in their beloved homes? Fortunately, there's a compassionate solution that offers seniors the best of both worlds. Trusted Senior Home Buyers is a groundbreaking organization that helps seniors access the equity tied up in their homes, allowing them to pay for the care they need while continuing to live in their homes as renters for as long as possible. ## The Challenges Faced by Seniors As the years pass, many seniors may face health challenges or simply need additional assistance in their daily lives. This can lead to the consideration of moving to an assisted living facility or a care community, which can be emotionally taxing and often financially daunting. Leaving behind a home with so many memories can be heartbreaking, and the cost of institutional care can quickly drain one's savings. Furthermore, the process of selling a home can be stressful and time-consuming, especially for seniors who may not be well-versed in the real estate market. Finding the right buyer who appreciates the sentimental value of the home and offers a fair price can be challenging. ## Empowering Seniors with Trusted Senior Home Buyers Trusted Senior Home Buyers is a company that understands the unique needs of seniors and the emotional significance of their homes. They aim to provide a solution that enables seniors to access the equity in their homes without the burden of selling and moving. The benefits of Trusted Senior Home Buyers are numerous and life-changing for seniors Trusted Senior Home Buyers is not just a company; it's a lifeline for seniors seeking financial flexibility and the opportunity to age in place. With their compassionate approach and dedication to serving the needs of seniors, they are making a real difference in the lives of countless individuals and their families. If you or a loved one are a senior homeowner facing the challenges of aging and in need of care giving support, Trusted Senior Home Buyers could be the solution you've been searching for. By unlocking the equity in your home and providing a pathway to remain in your cherished abode, they empower you to embrace your golden years with confidence and comfort. As we grow older, our homes become even more precious to us. Thanks to Trusted Senior Home Buyers, seniors can hold onto their treasured homes while accessing the financial resources they need to live life to the fullest. At Your Service! #trustedseniorhomebvuyers

"Paterson, New Jersey, relaunches its universal basic income experiment, providing 200 residents with $400 monthly for groceries and rent. The 2022 program, funded by Mayors for a Guaranteed Income, saw positive impact on recipients' lives. With 6,000 applicants, the 2024 program is funded in partnership with the University of Pennsylvania's Guaranteed Income Center. The initiative aims to provide economic security to low-income households. #UniversalBasicIncome #EconomicSecurity #GuaranteedIncome"

A recent report by payment network doxoINSIGHTS shows that the average American household pays 35 percent of its income on the most important bills. These include mortgage and rent payments, utility bills, insurance costs, car payments, phone bills, and other monthly costs, according to a Patch report. This averages out to $24,557 per year nationally, Doxo’s analysis found – but analysts say the percentage of household income “provides a more proportional look at bill spending in a particular location.” Doxo found that New Jersey residents live in the third-most expensive states for household bills, but the Garden State is at the national average (35 percent) when it comes to the percentage share of how much money goes to bills. In actuality, New Jersey is towards the end of the list, if you rank states based on that metric – coming in at No. 36. Doxo reported that each year, Garden State residents spend $32,722 on bills, and have an average household income of $92,374. However where does that leave the under-employed, unemployed, the disabled, as well as senior citizens and veterans on fixed incomes, and single parents in New Jersey who have considerably less household income? They’re the ones struggling to make monthly bill payments and have very little funds left over to afford basic needs. We see these community members every day and, thankfully, because of their generous neighbors, Lunch Break can provide food security and housing assistance for today, while offering life skills and employment coaching, financial and budget counseling to give our neighbors hope for a brighter tomorrow. We’ve helped to stabilize individuals and families so they can move forward in their education and employment goals. When you need us — we’re here. #whywebreak #helpfortodayhopefortomorrow

A recent report by payment network doxoINSIGHTS shows that the average American household pays 35 percent of its income on the most important bills. These include mortgage and rent payments, utility bills, insurance costs, car payments, phone bills, and other monthly costs, according to a Patch report. This averages out to $24,557 per year nationally, Doxo’s analysis found – but analysts say the percentage of household income “provides a more proportional look at bill spending in a particular location.” Doxo found that New Jersey residents live in the third-most expensive states for household bills, but the Garden State is at the national average (35 percent) when it comes to the percentage share of how much money goes to bills. In actuality, New Jersey is towards the end of the list, if you rank states based on that metric – coming in at No. 36. Doxo reported that each year, Garden State residents spend $32,722 on bills, and have an average household income of $92,374. However where does that leave the under-employed, unemployed, the disabled, as well as senior citizens and veterans on fixed incomes, and single parents in New Jersey who have considerably less household income? They’re the ones struggling to make monthly bill payments and have very little funds left over to afford basic needs. We see these community members every day and, thankfully, because of their generous neighbors, Lunch Break can provide food security and housing assistance for today, while offering life skills and employment coaching, financial and budget counseling to give our neighbors hope for a brighter tomorrow. We’ve helped to stabilize individuals and families so they can move forward in their education and employment goals. When you need us — we’re here. #whywebreak #helpfortodayhopefortomorrow

There is far too much regulation and one size fits all policies. There are many variations and people should be treated as individual adults who can make their own decisions. #PropertyNews 𝐎𝐧𝐞 𝐢𝐧 𝐭𝐰𝐨 𝐭𝐞𝐧𝐚𝐧𝐭𝐬 𝐟𝐚𝐢𝐥 𝐠𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭 ‘𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐫𝐞𝐬𝐢𝐥𝐢𝐞𝐧𝐜𝐞’ 𝐭𝐞𝐬𝐭. ➡ One in four people don’t have enough savings to cover a 25 per cent drop in earnings - and that rises to almost one in two people who privately rent. The ‘cover 25 per cent drop’ measurement is the one used by the government’s Office for National Statistics to assess ‘financial resilience’ in household budgets. Amongst others measured this way, 55 per cent of single parents fail to have enough, and 34 per cent where the main earner has a long-term illness or disability. Rohit Kohli, director at independent broker The Mortgage Shop, says: "The ONS report paints a sobering picture of the UK's current economic landscape. Vulnerable groups - notably disabled adults, renters and single parents - are disproportionately struggling. Despite a fall in inflation, the cost of essentials has surged, with some items seeing over a 25% price increase in two years. This trend strains household finances, particularly for necessities. The mortgage sector hasn't fully felt the impact yet, but with a tough winter ahead, many face harsh choices between heating, eating or paying their mortgage or rent.” Via LandlordToday.

“After failing to make a significant dent in the problem over the last decade, state and federal lawmakers across the U.S. are making housing a priority in 2024 and throwing the kitchen sink at the issue — including proposals to enact eviction protections, institute zoning reforms, cap annual rent increases and dedicate tens of billions of dollars toward building more housing.” Bottom line, the housing problem has become a pandemic of sorts. It’s better to own than rent. Don’t let the grant money currently available slip by you. In some cases, up to $20k is available to purchase a home. P.S. it is still a “strong” sellers market so sellers are less likely to offer seller assist due to the amount of grant money available. Parents, if you cannot afford to gift your child a down payment for a home, be proactive and seek out grant programs. Email me at [email protected] for details.

Over *half* of American renting households report being housing cost-burdened. This is a preventable atrocity. No person should have to choose among life-saving medicine, life-sustaining food, and life-supporting housing. The need for #affordablehousing is increasingly dire and ever-present. We need courageous policy and decisive, measurable actions to ameliorate the harm unaffordable costs of living do to the American people. #housingaffordability #policychange #policymakers #buildbetter #housingcrisis #housingcostburden