Believe it or not, there is a housing surplus, but not for people who cannot afford a house, research shows

The long-complained housing shortage may not exist after all. Rather, there is a shortage of cheap rents and affordable housing, according to a new study. The peer-reviewed study, published in April in the scientific journal Debate on housing policy, found that the US had a surplus of 3.3 million homes between 2000 and 2020 – … Read more

‘The mortgage increase means I can’t afford to live here anymore’ – BBC News

Image caption, Nadine McKenna said she had no choice but to sell her house Item information Author, Thomas Copeland Role, BBC NewsNI 3 hours ago When Nadine McKenna checked her phone notifications in February, she never imagined she would eventually have to sell her house. Ms McKenna’s banking app broke the news that her mortgage … Read more

Britain cannot afford to turn China’s neck, says City minister

Britain cannot afford to give China the “cold shoulder”, City’s minister said on Monday in comments that will distance the British government from the Biden administration’s protectionist actions. Addressing financial services bosses at the City Week conference in London’s Guildhall, Bim Afolami said it was “crucial” to engage with strategic competitors such as Beijing, and … Read more