Finance & Mortgage

Real Estate News: Hong Kong Property Market Faces Slump In 2016

By the end of 2016, property foreclosures in Hong Kong are anticipated to double from current levels as a result of a slowing economy. According to an auctioneer with more than two decades of experience in the industry, the foreseen slump will severely affect the borrowers' ability to pay off their mortgages leading to massive foreclosures.

Upper East Side Socialite Reneged On $10 Million Worth Penthouse Gift For Her Nurse

Socialite Amber Lightfoot Walker reneged on the $10 million worth penthouse gift for her son's nurse.

Housing Crisis Report: Wake Up, America!

In the 2015 report on rental housing of the Harvard Joint Center for Housing Studies, it was found that renters paid more than 30 percent of their income for housing last year. It is also reported that 49 percent of renters struggle to pay other bills because of the high cost of rents.
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