Rent Guarantee – Now Wash Your Hands http://nowwashyourhands.com/ Fri, 23 Sep 2022 09:09:36 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://nowwashyourhands.com/wp-content/uploads/2021/07/icon-4.png Rent Guarantee – Now Wash Your Hands http://nowwashyourhands.com/ 32 32 Rightmove (LON:RMV) Price target lowered to GBX 608 at Credit Suisse Group https://nowwashyourhands.com/rightmove-lonrmv-price-target-lowered-to-gbx-608-at-credit-suisse-group/ Fri, 23 Sep 2022 09:09:36 +0000 https://nowwashyourhands.com/rightmove-lonrmv-price-target-lowered-to-gbx-608-at-credit-suisse-group/ Movement to the right (LON:RMV – Get a rating) had its price target lowered by Credit Suisse Group research analysts from GBX 618 ($7.47) to GBX 608 ($7.35) in a research report released on Friday, Marketbeat reports. The company currently has a “neutral” rating on the stock. Credit Suisse Group’s price target indicates upside potential […]]]>

Movement to the right (LON:RMV – Get a rating) had its price target lowered by Credit Suisse Group research analysts from GBX 618 ($7.47) to GBX 608 ($7.35) in a research report released on Friday, Marketbeat reports. The company currently has a “neutral” rating on the stock. Credit Suisse Group’s price target indicates upside potential of 1.67% from the current share price.

A number of other stock analysts have also weighed in on RMV recently. Royal Bank of Canada upgraded Rightmove to a “neutral” rating and lowered its target price for the company from GBX 617 ($7.46) to GBX 574 ($6.94) in a Friday, May 27 report. Barclays reiterated an “underweight” rating and issued a GBX 610 ($7.37) target price on Rightmove shares in a Wednesday, June 1 report. JPMorgan Chase & Co. raised its price target on Rightmove from GBX 574 ($6.94) to GBX 634 ($7.66) and gave the company a “neutral” rating in a Monday, August 8 report. Finally, Shore Capital reissued a “hold” rating on Rightmove shares in a Friday, July 29 research note. One equity research analyst has assigned the stock a sell rating, eight have issued a hold rating and two have assigned the stock a buy rating. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of GBX 663.25 ($8.01).

Rightmove price performance

Shares of RMV opened at GBX 598 ($7.23) on Friday. The company has a market cap of £5.01 billion and a price to earnings ratio of 2,720.00. Rightmove has a fifty-two week minimum of GBX 518.50 ($6.27) and a fifty-two week maximum of GBX 810 ($9.79). The company has a debt ratio of 15.41, a current ratio of 2.75 and a quick ratio of 2.55. The company’s 50-day moving average is 622.32 GBX and its 200-day moving average is 608.40 GBX.

About Rightmove

(Get a rating)

Rightmove plc, together with its subsidiaries, operates UK and international property portals. It operates through the Agency, New Homes and Others segments. The Agency segment provides real estate resale and rental services on its platforms. She also offers tenant referrals and rental guarantee insurance services to landlords.

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This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to contact@marketbeat.com.

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Home Insulation Grants: Can you get help paying for attic and cavity wall insulation? https://nowwashyourhands.com/home-insulation-grants-can-you-get-help-paying-for-attic-and-cavity-wall-insulation/ Tue, 20 Sep 2022 14:17:02 +0000 https://nowwashyourhands.com/home-insulation-grants-can-you-get-help-paying-for-attic-and-cavity-wall-insulation/ Home Insulation Grants can help you insulate attics and cavity walls, saving you over £1000 on your annual energy bills. Winter is approaching and even with the government’s ‘energy price guarantee’, lowering bills is a priority for many households in the face of rising inflation and rising costs. But you can cut your costs by […]]]>

Home Insulation Grants can help you insulate attics and cavity walls, saving you over £1000 on your annual energy bills.

Winter is approaching and even with the government’s ‘energy price guarantee’, lowering bills is a priority for many households in the face of rising inflation and rising costs.

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Nine months later, Lagos monthly rental program fails to start https://nowwashyourhands.com/nine-months-later-lagos-monthly-rental-program-fails-to-start/ Sun, 18 Sep 2022 23:35:24 +0000 https://nowwashyourhands.com/nine-months-later-lagos-monthly-rental-program-fails-to-start/ EDIDIONG IKPOTO writes about how the proposed monthly rental scheme in Lagos is slowly falling into oblivion nine months after it was announced Nine months after announcing the take-off plans, the Lagos State government has yet to launch its monthly rental scheme project which was introduced to reduce the burden of rent payment for the […]]]>

EDIDIONG IKPOTO writes about how the proposed monthly rental scheme in Lagos is slowly falling into oblivion nine months after it was announced

Nine months after announcing the take-off plans, the Lagos State government has yet to launch its monthly rental scheme project which was introduced to reduce the burden of rent payment for the residents of Lagos.

Findings from The PUNCH showed that despite committing the sum of N5 billion to help the project get off the ground, the program has failed to get off the ground in any part of the state.

At the second Lagos Property Market Conference and Expo held in December 2021, the Governor of Lagos State’s Special Adviser for Housing, Mrs. Toke Benson-Awoyinka said that the initiative to a monthly rent payment system would start soon in the ‘soon’ state.

She said the new initiative will significantly ease the annual payment burden for residents. Benson-Awoyka also assured state landlords that they would receive their annual home rent payment in advance, while tenants would no longer have the burden of paying a huge amount of money annually. .

She said: “Tenants can therefore use the annual payment for other forms of investment or for the payment of school fees, as the burden of paying the annual rent is completely removed from them. So it’s a win-win social investment program, it’s a good program, and it’s being applauded. »

Speaking exclusively with The punch in an earlier interview, the Lagos Information and Strategy Commissioner, Mr. Gbenga Omotoso, said that all the necessary arrangements had been worked out to ensure the success of the project.

He however noted that although the scheme is not available to all categories of Lagosians, those who fall within the threshold of requirements to enroll in the scheme would no longer have to face the daunting task of having to pay annual rent.

Omotoso said: ‘The SA Housing Office, Ms Toke Benson, is handling this and the process is very simple. It’s up to tenants and landlords to have a smooth relationship so that if you come to Lagos to find accommodation, you don’t have to pay through your nose looking for a year’s rent and all that.

“So what the government is going to do is deposit a lump sum. From this money, anyone who signs up for the program can charge their owner annually while they can continue to pay monthly.

“Some people have a regular source of income. It will be like a revolving fund. So it’s very simple and the idea is to make everything easy for people.

He added: “If you get a house that is bigger than you can afford because you know the government is going to pay the annual rent, it won’t work. It must be the type of accommodation that can match your income.

A bill regulating the payment of rent is tabled in the Senate. The bill was sponsored by Senator Smart Adeyemi, who represents Kogi West and passed one of five required readings. The bill came amid complaints about the high cost of rent in Abuja.

The bill made it an offense for a landlord to require payment of rent in advance and replaced the annual rent with a monthly plan in which the first three months would be paid, followed by subsequent monthly payments.

Traditionally, rents in virtually all parts of the country are paid on an annual basis. In some cases, landlords even demand rents two years in advance. This status quo has made it difficult for many Nigerians to raise the necessary funds to rent apartments.

The bill does not mean lower rental costs, only that the method of payment will be different. However, it would help most people move to new cities to easily pay for their accommodation needs instead of having to resort to less-than-ideal options like hotels or hustling with relatives.

Surprisingly, a social media poll conducted by Dataphyte showed that only 38.1% of respondents preferred a monthly rent payment. A significant proportion, 61.9%, still preferred to pay their rent annually.

Sometimes tenants need housing but don’t want to make a long-term commitment. For these tenants, finding a landlord willing to sign a month-to-month lease is ideal.

In reality, residential tenants can rarely afford to advance rent by an entire year. People with this amount of money are much more likely to use it as a down payment on a home they own. Paying rent every month is much more acceptable to the vast majority of tenants.

On the other hand, experts have argued that short-term leases are unstable. The flexibility that month-to-month tenancies give the tenant also applies to the landlord. Neither of you are tied to a long-term contract, so there’s nothing stopping your landlord from raising your rent or ending your lease while you’re living in the apartment.

According to NigeriaRealEstateHub, landlords generally prefer longer apartment leases as it ensures they won’t have to spend money or time remodeling the unit for the following year.

Each time a tenant moves out, the landlord must advertise the unit and have it ready for the next tenant, which may include cleaning, painting, and fixing any wear and tear.

Similarly, a real estate research firm, Estate Intel, believes that when rents are paid monthly, the risk of tenant churn is higher. This means that the periods during which rental units are unoccupied may increase. Given that the current dynamic makes rental space a market for owners, they have the possibility of prioritizing the security of their income. The annual upfront payment reduces administrative costs that might otherwise be spent managing or tracking lease payments.

There is also the potential loss of monthly revenue if the owner cannot fill the unit quickly. Ultimately, short-term leases aren’t as profitable and are more risky for property managers, which is why you don’t see them as often.

As the market evolves, some landlords are ready to make their properties available to monthly renters. A big concern for them, however, is avoiding defaults or at least understanding and verifying a potential tenant’s financial capability.

An EI report also notes that in Nigeria the credit system is only developing and central credit agencies that can provide quick ratings to tenants or validate their ability to pay consistently are not yet in place. generalized.

Conversely, in Western economies, these credit ratings and systems provide the basis for welcoming a new tenant and facilitating the extension of that trust. Although there are new technologies that try to solve this problem, like Mono and a few other agencies, some owners still see it as a blind leap of faith.

Speaking to The PUNCH on some of the bottlenecks that could hinder the successful start of the program, a real estate lawyer, Promise Umoh, said that some legal technicalities would need to be ironed out before the launch of the social investment program.

According to her, the government should iron out these vagaries with stakeholders to allay the obvious apprehensions that would surround non-payment of rent, among other issues.

She said, “I just know that the government has to meet the stakeholders first; and who are the stakeholders? Landlords, property developers, people who understand how these things work because if you stay calm you will notice that the government is trying to do a good thing for residents and trying to find a way to help ease the hardship of have to pay annual rent.

Umoh further stated that without a proper framework, the social investment program could end up creating several disputes between defaulting landlords and tenants.

She added: ‘What guarantee do you have that if you do it monthly tenants will be open to it? Have you also thought about it from the angle of the owners? What recourse do you have for the landlord when a tenant does not pay? Will the law allow the owner to use self-handling? »

Another real estate lawyer, Segun Ajayi, in an interview with our correspondent, said that a monthly rent payment system could have certain advantages for both tenant and landlord, such as flexibility, requirement of short notices to leave the premises, which would put an end to the cumbersome procedure of recovering the premises.

He said, however, that these benefits must be weighed against the potential downsides that would come with the initiative.

According to him, when drafting laws, the particularity of a country must be taken into consideration, stressing that the fact that the system works in other countries does not guarantee flawless operation here.

He said, “I think the best approach to the issue of monthly rent is the approach taken by Lagos State. He has come up with a voluntary monthly rental policy, understanding how difficult enforcing such legislation will be. Moreover, Nigerian tenancy laws already recognize monthly tenancy.

“For example, Section 13 (1) to (6) of the Lagos Tenancy Act 2011 refers to annual tenancy, semi-annual tenancy, quarterly tenancy and monthly tenancy. I think it is not necessary to make a law to enforce a particular type of tenancy. Laws must remain flexible to allow people to decide for themselves on the best options.

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Creative Alliance ‘historic’ | Peninsula Daily News https://nowwashyourhands.com/creative-alliance-historic-peninsula-daily-news/ Sat, 17 Sep 2022 08:30:00 +0000 https://nowwashyourhands.com/creative-alliance-historic-peninsula-daily-news/ PORT TOWNSEND — Arts and culture groups based at Fort Worden Historic State Park are getting a major rent reduction for the next 25 years and in exchange have agreed to make improvements to historic buildings in the park. Eight non-profit arts and culture groups that use the fort’s facilities have been granted new 25-year […]]]>

PORT TOWNSEND — Arts and culture groups based at Fort Worden Historic State Park are getting a major rent reduction for the next 25 years and in exchange have agreed to make improvements to historic buildings in the park.

Eight non-profit arts and culture groups that use the fort’s facilities have been granted new 25-year leases – rent-free – in return for a commitment to make improvements to the site’s buildings, many of which have significant health issues. ‘maintenance.

The cost of capital improvements is expected to cost more than rent, said Robert Birman, executive director of Centrum, one of the groups housed at Fort Worden. But with the combined efforts of the eight nonprofits, Birman said there are more opportunities for grants and philanthropic giving.

“I think this will open the doors to new philanthropy,” Birman said on Friday.

“In concrete terms, we are interested in large foundations and/or family foundations. It’s an opportunity to stand in front of some people independently, we wouldn’t have been able to do that.

Based on a study he commissioned, Birman said deferred maintenance costs for park buildings amounted to about $30 million.

The eight organizations – Centrum, Copper Canyon Press, Madrona MindBody Institute, Northwind Art, Port Townsend School of Woodworking, KPTZ Radio Port Townsend, Corvidae Press and Rainshadow Recording – collectively call themselves the Creative Alliance in Fort Worden.

“What excites me is the idea of ​​going into some pretty big foundations that we don’t reach independently,” Birman said.

The organization has no plans to formally incorporate, Birman said, but the alliance’s trustees will work together to seek funding as a collective group, rather than a small non-profit organization. individual non-profit.

Birman said the group plans to direct grants and finances through the Fort Worden Foundation, a separate nonprofit that supports the park.

Previously, Centrum’s lease was never longer than three years, Birman said, but the alliance was able to negotiate with the Fort Worden Public Development Authority, the agency that manages the park with Washington State Parks. Having a 25-year lease means these organizations can focus on delivering programs to the public, Birman said, without having to worry about rent.

According to a press release from the alliance, 17 buildings are covered by the new lease terms, and based on a state-commissioned independent assessment, 14 of them are Class D facilities, which means they suffer from severe deferred maintenance.

“This is historic,” Birman said in the statement, adding that the group’s investments “will ensure the possibility that the cultural programs and facilities that define this place, and our community of artists, will be here 50 to 100 years from now.” .

Some of the groups, including Centrum, Northwind Art and the Carpentry School, will move into newly renovated buildings, giving them more space.

“We are thrilled to contribute significant and collective resources,” said Teresa Verraes, Executive Director of Northwind Art, “to not only solidify the Creative Alliance’s continued presence at the Fort for many years to come, but to expand our programming, revitalizing and restoring the park’s historic programming facilities.

The Wheeler Theater and McCurdy Pavilion are not part of the agreement, the alliance said, and will remain community-use rental facilities under the management of Fort Worden Hospitality.

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Journalist Peter Segall can be reached at [email protected]



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Country cost of copper, miners and non-miners manage to make ends meet | News, Sports, Jobs https://nowwashyourhands.com/country-cost-of-copper-miners-and-non-miners-manage-to-make-ends-meet-news-sports-jobs/ Sat, 10 Sep 2022 07:00:56 +0000 https://nowwashyourhands.com/country-cost-of-copper-miners-and-non-miners-manage-to-make-ends-meet-news-sports-jobs/ What was the cost of living in the Land of Copper in the first decades of the 20th century? Rows and rows of stocked shelves cluttering the stores did not guarantee an end to Frontier-era food limitations or food scarcity in Copper Country households, especially those on low incomes. There was much publicity […]]]>

What was the cost of living in the Land of Copper in the first decades of the 20th century?

Rows and rows of stocked shelves cluttering the stores did not guarantee an end to Frontier-era food limitations or food scarcity in Copper Country households, especially those on low incomes.

There was much publicity during the Copper Country Mine Strike of 1913 regarding the low wages paid for mining work in the years leading up to the strike. The historical literature arguing that mining companies did not pay their employees enough to live on is analyzed in the House of Representatives’ reports on conditions in Michigan’s copper mines, the report of the Committee of the Copper Country Commercial Club of its own survey of conditions in the Copper Country in 1913, local newspapers and other sources.

They overshadow questions about wages and the cost of living in the region for non-mining workers. As stated by the Mining and Engineering World in its article, Why the Lake Copper Strike Will Fail, Volume 39, published by the Western Mining World Company, investigations by the State of Michigan, the United States Department of Labor, as well as that the US House of Representatives found “that the working conditions were better and the wages paid were higher, considering the cost of living, than any other mining camp in the United States.

The Mining and Engineering World article pointed out that “Since the cost of living for the individual family largely depends on its management and number of members, and in all mining camps is the cost of the dining table for the single man, a comparison of the latter in Michigan is significant.”

In other words, considering the cost of living in Copper Country as a whole, how much did income and family size contribute to the quality of life in the mining district? When considering the costs of housing, fuel, water, and other considerations, just as today, food selections were largely determined by what was affordable once other expenses were met.

In reviewing statistics and records to establish some context for the standard of living in the region during the first two decades of the 20th century, it becomes apparent that there were two classifications: mining and non-mining workers. The classification comes from the fact that the producing mining companies provided their employees with benefits, opportunities and incentives that were not available to those not engaged in mining. Some examples include company-owned homes rented to employees at lower rates than one might find in non-mining housing, heating oil at wholesale rates guaranteed by companies and passed on to employees, l free or paid running water for these houses, medical insurance programs, etc. In addition to this, the surveys revealed that the lowest paid mining workers received higher daily wages than the prevailing non-mining daily wages in the region.

During the congressional investigation, Thomas H. Gibson, public works supervisor for Houghton Village, was called to testify regarding wages paid to non-mining workers. Prior to accepting this position, he had been a general contractor engaged primarily in road construction, maintenance of some township roads, and some railway construction work. As supervisor of public works, the men under his supervision engaged in projects such as the construction of sewers and streets, waterworks and “the general course of all kinds of work around a village or town.” He testified that for the past eight years, beginning in 1905, the common daily wage was $2 for a 10-hour shift; the work was classified as unskilled labour.

For the same period, according to the Bulletin of the Bureau of Labor Statistics, wages for trammers ranged from $2.30 to $2.54, with the average being $2.40. These wages were lower than those paid by the Calumet and Hecla Mining Co. and its subsidiaries, where wheeler wages ranged from $2.50 to $2.91. The general average for all businesses during the year 1912-13 averaged $2.59. The average monthly salary for miners outside of C&H and its affiliates was calculated at $2.78, 19 cents more than the average tramper.

The Copper Country Commercial Club conducted its own privately funded investigation. It was an organization of local businessmen established to promote manufacturing, commerce, agriculture and “other economic conditions”, he said in his investigation report. His report, when published, reads essentially like a pro-mining propaganda piece that compares the cost of living and personal finances in copper country to that of western mining districts where the Western Federation of Miners won strikes.

What the survey failed to do was answer its own question, which was whether the lowest-paid mine workers in Copper Country were paid enough to live in the area where they resided. Instead, he focused on whether WFM members in the western districts were doing as well as mine workers in Copper Country. It did not include, for example, the fact that, on average, local trammers earned an average of 30 to 91 cents per day more than the average non-mining worker in the region. What the survey did not address was that while the lowest-paid miners could not afford a decent standard of living in the region, neither could non-mining workers.

However, Supervisor Gibson testified that he frequently hired men who had left mining, accepting considerably lower wages, “only to get out of the mines and get a better job, probably.” Many of the men he hired, he said, came from the mines during the summer months to work and then returned to work in the mines during the winter months. Gibson did not say whether these workers owned or rented their homes.

What was established in the survey was that the average cost to build a house in 1912 was $2,000; the cost of land varied from village to village and from property to property.

During the same period, the Osceola Mining Company built, in the years before 1913, seven four-room houses at a cost of $818.74 per house. During the same period, the Franklin Mining Company built 53 six-room houses at $1,050.00 per house.

Most mining companies have made low-cost rental houses available to their employees. The survey found that the average monthly rent for frame houses was $1.10 per month per room for a three-room house; $1 for a four-room house; $0.98 for a five-room house; $0.95 for a six-room house; $0.91 for a seven-room house; $1.09 for eight-room houses (possibly a misprint); and for houses with nine or more rooms, the average rate was $0.80 per room.

All the frame houses of the Calumet & Hecla, Copper Range, Hancock and Houghton companies were supplied with running water, “with taps in the house”; while some of the houses in the Centennial, Isle Royale, Lake, Osceola, Tamarack and Winona mines were equipped with faucets. In three of the mines, 50 cents per month was charged for water. Business residents without running water obtained it from wells, the number of which varied from one per house to one for every five houses.

Although not all mining companies had log cabins, others had them, which they rented, as with frame houses, the rent varied according to the number of rooms, but was cheaper. The lake mine, for example, had two log cabins with two rooms each, which were rented for $1. In contrast, the Tamaracks owned three three-room cabins, which were rented for $1 a month per room.

Electricity was supplied to most official houses with charges ranging from 5 to 12 cents per kilowatt hour. Hard coal ranged from $8 to $8.15 per ton, while soft coal ranged from $6.75 to $7.25 per ton.

The standard of living also varied somewhat among employees of mining companies depending on the housing options that certain companies made available to them.

The standard of living dims when you consider that many mining companies still had log houses from their development phases that they continued to rent out to their employees. While frame houses were rented by most companies at around $1 per month per room, log structures were rented at 50 cents on average. While renting a log structure saved a substantial sum on housing costs in comparison, those who chose to reside in a log house opted for a lower standard of living in comparison.

Next week, we will continue to examine the economic conditions of the mining and non-mining labor force in Copper Country.



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‘All of Portugal is booming’: golden real estate visa attracts investors https://nowwashyourhands.com/all-of-portugal-is-booming-golden-real-estate-visa-attracts-investors/ Mon, 05 Sep 2022 08:05:56 +0000 https://nowwashyourhands.com/all-of-portugal-is-booming-golden-real-estate-visa-attracts-investors/ Transcription Portugal’s Residency by Investment program, one of the most popular golden visas in the world, introduced some changes in January 2022: in particular, investing in coastal residential properties no longer qualifies investors for the program. Still, with around five percent rental income per year and capital appreciation of up to four percent per year, […]]]>
Transcription

Portugal’s Residency by Investment program, one of the most popular golden visas in the world, introduced some changes in January 2022: in particular, investing in coastal residential properties no longer qualifies investors for the program. Still, with around five percent rental income per year and capital appreciation of up to four percent per year, residential units inside Portugal remain an attractive proposition. PTGoldenVisa’s David Machado and Tiago Camara discuss changes to the program, residential and commercial investment opportunities available throughout Portugal, and larger real estate projects that PTGoldenVisa has begun to offer its investors.

World Finance: David, what changes were made earlier this year and how has the market reacted?

David Machado: Yes, the Portuguese golden visa program has not changed much: we still maintain the same categories.

It is true that from 1 January 2022 we can no longer benefit from investments in residential properties in coastal areas. But we have some pretty good opportunities in the inland regions, we’re seeing really good results, and the reality is that all of Portugal is booming at this point. So, very high capital appreciation is expected on these investments, even for those who choose to invest in inland areas to qualify with residential properties.

World Finance: Tiago, tell me more about these investment opportunities.

Tiago Camara: In the €280,000 category within Portugal, the majority of our properties are residential units, with 2-3 bedrooms in areas with easy access, good logistics and infrastructure. In these areas, we normally agree with local developers to let these properties and guarantee our investors four to five percent rental income per year. Expected capital appreciation ranges from 2-4% per year.

In high-density areas, the investment amounts to €350,000. Lisbon continues to be the most demanded region, where we have successfully sold offices and shops to our clients, providing them with approximately four percent guaranteed rental income. And a capital appreciation of four to six percent for these types of properties.

Another highly demanded region is the island of Madeira. It qualifies investors for a golden visa with an investment of €350,000. Madeira is a region full of tourists all year round, very well connected to all European cities by air and with a real estate market appreciation of more than 10% every year.

World Finance: Now David: who are your clients? Where do you see the most interest in the world?

David Machado: Yes, the Portuguese Golden Visa Program targets all non-European Union citizens. We are seeing an extra push these days from North Americans coming to Portugal and making a lot of investments, so that’s kind of the change that’s happened over the last year. Before, the main investors were Chinese, and they are still a big part of the Golden Visa program.

The program continues to reach around the world; people who are looking for a backup plan for their family, opportunities to relocate, to enjoy their retirement days in Portugal, have access to high-end healthcare facilities, high-end education. All of these benefits – along with the ease of movement once you have a residence permit from the Schengen countries – is what attracts investors.

Also, after five years, you are eligible for citizenship, so these are the benefits that bring people from all over the world.

These days I would say investment, only pure investment in real estate in Portugal offers very high returns, so that’s also something to watch out for.

World Finance: Each year you help more than 100 investors to apply for the residency program in Portugal. What type of experience do you offer your customers?

Tiago Camara: First of all, we are a one stop service provider, managed by two experienced Portuguese managers, with a perfect knowledge of the Portuguese real estate market. We have a team of around 40 professionals based in Portugal, guaranteeing our clients on a daily basis the full range of services they need to pursue their investments and residency programme.

We support our clients specifically on the selection of the best investments, the opening of their bank accounts, the possession of a tax number in Portugal. We help them find the best law firms to support them in the program and in the investment. And we guarantee a very professional management of their assets in Portugal. We manage their properties, and we are able to generate very good returns for them on their investments.

World Finance: And what does the future hold for PTGoldenVisa?

David Machado: We are always very focused on providing a high level of service to all of our customers. Hence the idea that we continue to provide this service from A to Z, which offers a complete solution to any client wishing to invest in Portugal and receive the benefits. This is mainly our goal.

However, because our client database is quite large and we have overseen great opportunities in terms of real estate transactions, we are also now focusing on larger developments – say hotels, where we provide hotel development for the customers. Or apartment hotels, or larger projects to develop compounds. So these are projects that PTGoldenVisa is now also focusing on, which are not directly related to the golden visa, but mostly also involve investors who started with the golden visa and are now making other investments with us.

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Is dollarization the best option for the collapse of the Lebanese economy? https://nowwashyourhands.com/is-dollarization-the-best-option-for-the-collapse-of-the-lebanese-economy/ Fri, 02 Sep 2022 07:18:29 +0000 https://nowwashyourhands.com/is-dollarization-the-best-option-for-the-collapse-of-the-lebanese-economy/ BEIRUT – After his car broke down on his way from Beirut to his hometown in Bekaa, eastern Lebanon, Ramzi Kassem, a father of three and public sector employee, had to pay 1 500 dollars to replace the engine of his car. “I pay $100 a month in private generator fees. At the pharmacy, the […]]]>

BEIRUT – After his car broke down on his way from Beirut to his hometown in Bekaa, eastern Lebanon, Ramzi Kassem, a father of three and public sector employee, had to pay 1 500 dollars to replace the engine of his car.

“I pay $100 a month in private generator fees. At the pharmacy, the price of drugs is set according to the daily dollar exchange rate, just like the prices of raw materials at the supermarket. Everything is priced in dollars,” Kassem told Al-Monitor.

Hanan Mustafa, a young Lebanese woman in her 30s, paid $12 for a lab test she took at a hospital in Sidon, southern Lebanon.

“I had the option of paying in Lebanese pounds at the black market exchange rate (it was 33,000 Lebanese pounds to the dollar that day), so it was the same. I paid in dollars,” she told Al-Monitor.

Lama, a 26-year-old from the south who works in Beirut (she didn’t want to reveal her full name), told Al-Monitor she was paying $170 in rent for a room in Beirut, and the landlord only accepts cash payments.

“I can pay the rent because my salary is in dollars, even though I only earn $700. Wages have fallen amid the current collapse of the local currency. The companies claim that $700 is worth around 21 million Lebanese pounds as we speak. While that number may seem huge, it doesn’t buy anything,” she added.

Goods and services such as household goods, auto parts, clothing, health insurance, hospitals, rents and subscriptions are sold either in dollars or at the daily market rate of exchange.

There is no official ruling forcing people to price their items in dollars. However, there is no denying the fact that the national currency has collapsed against the dollar.

The Lebanese economy is chaotic and progressively dollar-based as the dollar has dominated pricing, payment, trade and even people’s savings due to the collapse of the Lebanese pound since the economic crisis erupted. in October 2019, leaving the country on the brink. of total financial collapse.

A dollar-based economy is one in which the country officially adopts the dollar instead of its local currency. Some observers and economists believe that this would be a solution to the current monetary crisis in Lebanon and a way to ensure monetary stability. However, others are against such an economy on the grounds that clinging to the national currency would reflect Lebanon’s independence and sovereignty.

Patrick Mardini, President of the Lebanese Institute of Market Research (LIMS), told Al-Monitor that the dollarization of the economy would help the Lebanese people overcome the current crisis and limit poverty.

“When institutions are paid for their goods and services in dollars, they guarantee a margin in dollars that covers the wages and salaries of their employees. It also helps them succeed in paying taxes and duties to the Lebanese state in dollars, which allows the state to dollarize the salaries it pays to public sector employees,” he added.

Contracts with public and private sector employees would therefore be converted into dollars, Mardini added, which would reduce the imbalance between income and expenditure of institutions in the two mentioned sectors.

According to Mardini, the Central Bank of Lebanon would, in this case, buy the Lebanese pound in circulation and the money from the bank accounts and destroy it afterwards. This operation would cost between 3 and 4 billion dollars and would put an end to the monetary crisis and the collapse of the national currency, he explained.

Many countries around the world have adopted a different currency from their local currencies, such as France, Italy, and Germany. The only difference is that these countries did not suffer from a serious economic and monetary crisis like Lebanon.

Minister of Tourism Walid Nassar made a decision on June 2, allowing tourist establishments to set their prices in dollars until the end of September 2022.

According to Mardini, the move has proven successful, as “tourism revenue this year is estimated at around $4 billion, which is better than the previous two years.”

“I believe that one of the most important reasons for the success of the tourism sector this year is the decision to dollarize prices, which should be extended to the winter season and to all sectors such as industry and agriculture. “, continued Mardini.

Economist Jean Tawila agrees. He told Al-Monitor: “The adoption of the dollar in the commercial, tourist and medical sectors, among others, and of the Lebanese pound in other sectors such as the public sector would have dramatic repercussions in Lebanon, because it deepens the gap between the rich and the poor. »

“Currency is based on trust. In Lebanon, people have lost faith in the national currency, which is currently printed to secure public sector salaries,” Tawila said.

“How many dollars does the Central Bank have left?” Over 80% of our economy is dollarized, so dollarizing the remaining percentage would be the best option,” he added.

“I was one of those who clung to the local currency, but three years after the start of the economic and monetary crisis, and after having spent around 25 billion dollars of the Central Bank’s reserves, and the refusal of the political authority to carry out economic reforms, full dollarization seems to be the only option to stabilize the currency. Dollarization will force political parties to make a joint political decision in this regard,” he added.

However, Jad Tohme, lawyer and coordinator of the legal committee of the People’s Anti-Corruption Observatorydoes not believe in the option of global dollarization in Lebanon.

He told Al-Monitor that “the essence of the crisis lies in the wrong monetary and financial engineering policies that caused inflation and led to the collapse of the national currency, knowing that the Central Council of the Central Bank is to blame as it managed the implementation of the Currency and Credit Codewhich covers currency regulation.

He added: “The national currency was supposed to be protected instead of being allowed to crumble.”

Tohme pointed out that it was unwise for Lebanon to default on its Eurobond debt payments in March 2020. While those dues were worth $1.3 billion, Central Bank reserves s then amounted to approximately $37 billion. The default destabilized the country’s financial situation and led the economic crisis to worsen, he said.

Tohme added: “To emerge from the current crisis, the current laws, namely the Currency and Credit Code, must be implemented within the framework of a clear monetary policy. Also, the Central Bank and prosecutors should control the black market, while the official exchange rate should be unified. In addition, a transparent financial policy and a new financial engineering policy should be put in place to take into account the interest of the populations in returning their deposits. These are the main headings on which an integrated reform plan should be based.

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8 passive income ideas in Australia 2022 https://nowwashyourhands.com/8-passive-income-ideas-in-australia-2022/ Wed, 31 Aug 2022 07:15:06 +0000 https://nowwashyourhands.com/8-passive-income-ideas-in-australia-2022/ Passive income allows you to earn money without doing extra work. We’ve looked at eight ideas that could help you generate passive income in Australia. What is Passive Income? Passive income is money you can earn with little or no ongoing effort. For example, earning dividends on stocks or earning rental income from an investment […]]]>

Passive income allows you to earn money without doing extra work. We’ve looked at eight ideas that could help you generate passive income in Australia.

What is Passive Income?

Passive income is money you can earn with little or no ongoing effort. For example, earning dividends on stocks or earning rental income from an investment property. This is compared to active income, such as your salary, where you receive income in exchange for working.

“Passive income is income you can earn while you’re sleeping or busy doing other things and it builds up in the background,” explained Leah Oliver, director of Minnik Chartered Accountants and heritage educator. .

How to earn passive income in Australia

There are two main ways to earn passive income in Australia: stocks and property. Within this, there are a range of different investments and strategies that you can consider. A common thread is that you will generally need some upfront money to get started.

“When it comes to wealth, you have to have the capital to start with,” Ms Oliver told Canstar. “It’s going to be hard to get off to a good start if you don’t have some cash reserve to project yourself forward.”

We’ve looked at some popular ideas that could help you earn passive income in Australia. If you don’t have cash available right now, we’ve also included a few ideas that don’t necessarily require a lot of upfront capital, but do require more effort.

Image: kudla/Shutterstock.com

1. Shares

To generate passive income through stocks, Ms. Oliver says it’s best to consider long-term, stable investments.

“Focus on the types of stocks that are likely to offer stable, moderate growth over time, rather than high-risk investments. With wealth, there is no quick game,” she said.

In addition to the potential for capital growth, you can also earn passive income through dividends. If the company you invest in pays dividends, it will usually do so twice a year. The amount of dividend you might get will depend on the performance of the company.

The advantage of owning stocks for the purpose of earning passive income is that the ongoing costs are usually very low, although you generally pay brokerage fees for buying and selling stocks.

Remember that if you invest in stocks, the value of your investment may decline and there is no guarantee that you will earn any income. Past performance is no guarantee of future performance. If you are unsure about choosing your own investments or deciding whether investing in stocks is right for you, it may be a good idea to seek financial advice.

2. Managed Funds

Another opportunity to earn passive income is to invest in a managed fund. With a managed fund, your money is pooled with other investors and a team of professional investment managers invest it in assets, such as stocks, bonds, property or cash. Investors generally pay fees to invest in a managed fund.

When you invest in a managed fund, you own “units” of the fund. The share value will rise and fall with the market value of the assets in which the fund has invested. In addition to capital growth if the share price rises, some managed funds also pay out income (called “distributions”).

Exchange-traded funds (ETFs) are a form of managed funds that can be bought and sold in the same way as stocks of individual companies.

3. Bonds

Bonds could help you receive regular income. When you invest in bonds, you are lending money to a government or a company. In return, you will receive regular interest payments (called “coupons”). Bonds are considered less risky than assets like stocks and property, notes ASIC’s Moneysmart.

Bonds have a fixed value (called “face value”) when first issued. If you hold the bond until maturity, you can get back the face value of the bond. If you sell it before maturity, you will get the market value (which could be less than the face value).

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Biden cancels student loan debt, extends repayment pause, announces reforms for future repayments https://nowwashyourhands.com/biden-cancels-student-loan-debt-extends-repayment-pause-announces-reforms-for-future-repayments/ Wed, 24 Aug 2022 20:20:58 +0000 https://nowwashyourhands.com/biden-cancels-student-loan-debt-extends-repayment-pause-announces-reforms-for-future-repayments/ Biden’s executive order will forgive $10,000 of debt for anyone who went to college and earns less than $125,000; $20,000 for borrowers who also received Pell Grants and meet the income threshold; and dramatically reduces monthly payments for low- and middle-income borrowers in the future. Tens of millions of Americans received life-changing news on Wednesday […]]]>

Biden’s executive order will forgive $10,000 of debt for anyone who went to college and earns less than $125,000; $20,000 for borrowers who also received Pell Grants and meet the income threshold; and dramatically reduces monthly payments for low- and middle-income borrowers in the future.

Tens of millions of Americans received life-changing news on Wednesday as President Joe Biden finally announced plans to cancel federal student loan debt, once again extend the moratorium on loan repayments students and to make systemic changes to ensure that future reimbursement terms are much fairer. for low to middle income borrowers.

The announcement, which came after months of deliberation, will bring immediate relief to countless Virginians who have struggled with the financial albatross of student debt. and helping millions of prospective students avoid crippling monthly payments.

Here’s the breakdown of Biden’s plan, which he will implement by executive order and could face legal challenges from Republicans and conservative groups who don’t want to do anything to solve the student debt crisis.

  • $10,000 in forgiven debt if you went to college and earned less than $125,000 (or $250,000 for a married couple) in 2020 or 2021
  • $20,000 of forgiven debt if you went to college, received Pell Grants (a form of federal financial aid for undergraduates), and met the income threshold
  • The pause on student loan repayments is extended until December 31, 2022, so borrowers won’t have to resume payments in September.

The amount of cancellation is capped at the amount of your outstanding debt, so if you are eligible for cancellation but you have less than $10,000 of debt remaining (or less than $20,000 as a beneficiary of the Pell Grant), the cancellation will amount to all that you owe.

The order will apply to borrowers with federal undergraduate and graduate program loans — meaning nurses and teachers will be eligible — as well as Parent Plus loans, according to the the wall street journal. The canceled debt would also be exempt from tax as income, but any loan must have been taken out before July 1, 2022 to be eligible for cancellation.

Current and future low- and middle-income borrowers with income-tested repayment plans will also receive additional relief under Biden’s New Rule. The command :

  • Limit what these borrowers with undergraduate loans have to pay each month to no more than 5% of their monthly discretionary income (the amount left over after paying necessary expenses like rent, utilities, and food). The rate is currently at 10%, which means Biden’s rule will cut payments for those borrowers in half.
  • Ensure that no borrower earning less than 225% of the federal poverty level, or about $30,500 in 2022, will have to make monthly payments by increasing the amount of income considered non-discretionary income.
  • Cancel loan balances after 10 years of payments for borrowers with a loan balance of $12,000 or less. Currently, these borrowers are not eligible for forgiveness for 20 years.
  • Cover borrowers’ unpaid monthly interest, so borrowers don’t accrue interest on their balances as long as they make their monthly payments, even if they’re as low as $0 because their income is low.

The White House provided examples of how these new rules would help different types of Americans:

Biden’s decision comes after years of activism by borrowers, lawmakers and activists who have pointed out how the rising cost of college, which has roughly triple since 1980 – even after accounting for inflation – and stagnant levels of federal aid have forced students to take out onerous loans that have now left many middle and financially weak income families underwater and unable start businesses, buy houses or retire.

According to the US Department of Education (DOE), the average undergraduate student now graduates with around $25,000 in student debt. Even for those who graduate with less debt, the burden can be overwhelming. In fact, roughly 16% of borrowers are in default— including about 750,000 seniors in debt — which can lead the government to garnish a borrower’s wages or reduce their credit rating.

Biden’s order is expected to provide direct financial relief to a vast majority of 43 million Americans with $1.6 trillion in federal student debt— almost a third of whom never finished their studies or obtained a diploma because of the high cost.

Under the rule, around 20 million people should be eligible for full cancellation of their remaining debt, with the benefits overwhelmingly going to Americans earning less than $75,000 a year.

This decision will likely be popular among ordinary Americans. Recent vote from Courier Newsroom and Data for Progress found that 58% of likely voters favor forgiveness of at least $10,000 in federal student loans, with 63% supporting the same amount of forgiveness for low- and middle-income borrowers .

According to the DOE, nearly 8 million borrowers could be eligible for automatic relief because relevant income data is already available to the agency. If the DOE doesn’t have your earnings data, or you don’t know if they do, the Biden administration will roll out an application in the coming weeks, before the pause on student loan repayments ends. federal on December 31.

You can Register for Ministry of Education email notifications once applications are open.

Borrowers who work for non-profit organizations, the military, or federal, state, local, or tribal governments may be eligible to have everything of their federal student loans canceled through the Public Service Loan Forgiveness Program (PSLF) due to temporary changes to the program’s eligibility criteria. These changes expire on October 31, 2022. For more information on eligibility and requirements, visit PSLF.gov.

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The future of the iconic Christchurch pub is unknown https://nowwashyourhands.com/the-future-of-the-iconic-christchurch-pub-is-unknown/ Sat, 20 Aug 2022 19:52:18 +0000 https://nowwashyourhands.com/the-future-of-the-iconic-christchurch-pub-is-unknown/ The future of the beloved Christchurch quake-damaged Dux de Lux pub remains up in the air after restoration talks failed. A plan had been proposed by a group of local businessmen to restore the former Dux de Lux, also known as the Student Union Building, but the Arts Center Trust rejected it. The Dux de […]]]>

The future of the beloved Christchurch quake-damaged Dux de Lux pub remains up in the air after restoration talks failed.

A plan had been proposed by a group of local businessmen to restore the former Dux de Lux, also known as the Student Union Building, but the Arts Center Trust rejected it.

The Dux de Lux has long been an integral part of Christchurch’s social and music scene with infamous Christmas and New Year’s Eve parties featuring some of New Zealand’s biggest bands.

READ MORE: Researchers Solve Earthquake-Prone Problem in Buildings of the 80s and 90s

Famed Andrew Penman of Salmonella Dub says “this was where New Zealand music was encouraged in Christchurch”.

“We (Salmonella Dub) were playing the Dux once a month for a $300 guarantee. We saved that money and that’s what we used to write our first album.

“It’s a big loss.”

Buoyed by fond memories, one of the Redux team, James Stewart, said: “We have considered raising funds to restore the Dux (approximately $10 million) from the people of Christchurch who loved, and then pay that money back over time instead of paying rent to the art center.

Redux asked for 50 years of rent-free to allow investors to be slowly repaid, saying that if the Art Center was able to contribute at any time, they could renegotiate their rent-free period.

They say they just want to see life again in the beleaguered and beloved building.

But after two years of negotiations, The Art Center rejected the proposal with board chairman Murray Dickinson saying “we have felt unable to entrust any asset to any other party for over 50 years”.

“The trust has no funds to restore the student union (which was the Dux). The insurance funds we have spent on restoration have been concentrated on category 1 stone buildings. The student union is category 2.

When asked by One News if it would ever be restored, Mr Dickinson replied ‘hopefully we haven’t thought of the alternatives at this stage’.

The Center for the Arts solicited expressions of interest from third parties to restore the Student Union in 2020 – the Redux proposal was the only one it received.

James Stewart says the rejection came as a surprise and is frustrating.

“It’s demoralizing, so many parts of the city are thriving, restored and vibrant and this one hasn’t been restored, there’s an offer on the table to restore it, but an option to do nothing is more preferable for administrators, which is disconcerting”

Meanwhile, those interviewed by 1News on the streets of Christchurch today unanimously expressed a desire to see the building ‘come to life’.

But when that might happen is unknown.

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