Owner financing for buying a house

Share to Twitter Share to Linkedin Changes in demand caused by the pandemic were, of course, a big part of the house price boom but two years of falling mortgage rates was the main reason house prices skyrocketed in 2020 and 2021. Rates fell from 4.9% in November 2018 to 2.7% in January 2021, the lowest rate ever on 30-year fixed-rate mortgages. Is there a sector of the economy that is more sensitive to changes in interest rates than buying houses? When you borrow 95% of the price of the largest purchase of your life for 30 years, interest rates have a huge impact on how much you can pay for a house and, therefore, on house prices in general. In January 2021, you could borrow 32% more money to buy a house than you could in November 2018 with the exact same monthly principal and interest mortgage payment. House buyers, both investors and live-in buyers, could borrow a lot more money with the same payment, so naturally, over time, they bid up house prices. … [Read more...] about 3 Possible Solutions To Housing Booms And Busts

Rama Steel Tubes: Nomura Singapore buys 1 lakh shares in Rama Steel Tubes. Nomura Singapore bought 1 lakh equity shares in the company via open market transactions on June 15. These shares were acquired at an average price of Rs 371 per share. Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Sharekhan's research report on Tata Consumer Products TCPL achieved significant success in its transformation journey by expanding its distribution reach, recording market share gains in core categories, accelerating growth in key businesses, continued innovation momentum, and expanding in new categories. Operating performance was stable in FY2022 with revenue growing by 7% and operating profit growing by 11% (with 53 bps expansion in OPM); FCF to EBITDA improved to 100% with strong cash kitty of Rs. 2,600 crore on books; Working capital days … [Read more...] about Buy Tata Consumer Products; target of Rs 960: Sharekhan

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Motilal Oswal's research report on Gland Pharma After delivering 27% earnings CAGR over FY17-22, GLAND is well-placed to sustain its earnings growth momentum over the next three-to-five years. It has been enhancing its offerings by adding complex products to its portfolio, scaling the product at the global level, expanding capacity to aid manufacturing, as well as increased backward integration. While constraints on availability of certain materials may hinder performance over the near term, GLAND is in good stead for consistent performance over the next three-to-five years. The 40% correction over the past 10-12 months, despite healthy earnings growth, provides sufficient cushion on the valuation front. The stock is trading at 30x FY23E EPS of INR89 and 23x FY24E EPS of INR113. … [Read more...] about Buy Gland Pharma; target of Rs 3700: Motilal Oswal

Share to Twitter Share to Linkedin A girl rides up an escalator at Aeropostale's flagship store in Times Square in New York, U.S. ... [+] Photographer: Ramin Talaie/Bloomberg At first blush, the news of Simon Property Group and General Growth Properties stepping in to save failing retailer Aéropostale from certain bankruptcy seems surprising – but a deeper look reveals, it’s anything but. The deal, a reported $243 million, between Simon, GGP and Authentic Brands Group (operators of Juicy Couture among others) was initially slated to keep all 229 Aéropostale stores open at the two landlord’s properties. However, it appears the two largest mall operators in the country were able to use their relationships and influence to convince other Aéropostale landlords to provide rent concessions for an additional 171 stores – bringing the tally of locations that will remain open to 400. Are Landlords Now in the Business of Retailing? The common … [Read more...] about Mall Owners Play Offense In Aéropostale Deal

Siddharthaa Bhaiya, Managing Director and Fund Manager of Aequitas, said their investment philosophy is guided by a multibagger approach that identifies long-term potential through extensive in-house research. They invest in Indian listed equities in small and mid cap space and identify companies that are leaders by way of margin or sales in their respective sectors. Siddharthaa Bhaiya added that they hold stocks through their entire wealth creation journey making average holding period approximately 4-5 years. In an interview to Moneycontrol, he said they do see potential in the auto space. Here are edoited excerpts from that interview: What is your investment philosophy and what is your suggestion to the new-age investors? Close Don't try to time the market : As famously said by Peter Lynch: “Far more money has been lost by investors trying to anticipate corrections, than lost in the corrections themselves.” Nobody can predict what is going to happen … [Read more...] about Don’t try to time the market, advises Siddharthaa Bhaiya of Aequitas

- A + A (June 27): Russia defaulted on its external sovereign bonds for the first time in a century, the culmination of ever-tougher Western sanctions that shut down payment routes to overseas creditors. For months, Russia had found paths around the penalties imposed after the Kremlin’s invasion of Ukraine. But at the end of the day on Sunday, the grace period on about US$100 million of trapped interest payments due May 27 expired, a deadline considered an “Event of Default” if missed. The route to this point has been far from normal, as Russia has the resources to pay its bills — and tried to do so — but was blocked by the sanctions. Those restrictions also mean there’s huge uncertainty about what comes next, and about how investors can go about getting their money. “With Russia benefiting from the high price of its energy exports, it clearly has both the means and the desire to pay its foreign debt,” said Giles Coghlan, chief analyst at HYCM Group. It’s a … [Read more...] about Russia slips into historic default as sanctions muddy next steps

Share to Twitter Share to Linkedin It’s an age old question — ok, maybe not that old – but should mall owners be in the business of buying retailers? Four years ago, I wrote about the biggest U.S. mall owners stepping in to save failing retailer Aéropostale from bankruptcy. The deal, a reported $243 million, between Simon Property Group SPG , General Growth Properties, which is now owned by Brookfield, and Authentic Brands Group (ABG) slated to keep all 229 Aéropostale stores open at the two landlord’s properties. With the two largest mall operators’ influence they were able to convince other Aéropostale landlords to provide rent concessions for an additional 171 stores – bringing a total of 400 stores to remain open. Many major retailers, J. Crew, JCPenney, Neiman Marcus, Lucky Brand to name a few, are the lifeblood of America’s shopping malls and have been pushed to the edge during the pandemic, leaving them no choice but to file for … [Read more...] about Simon Property Group Provides Spark To Brooks Brothers – But Is It A Trend?

I really pity the people who are still holding their breath and waiting for life to get back to normal: that glorious day when we all triumphantly return to business as usual. I've been struggling for a simple way -- by example or analogy -- to break the ugly news to them that they're dreaming. And to demonstrate that, post-pandemic, for a variety of reasons we'll never again look at our lives, our careers, or the world in the same way. Not that that's exactly a terrible thing; nostalgia and tradition are very often just bad excuses to avoid change. We'll never progress by trying to live our lives looking backward. That's why the car's windshield is so much bigger than the rear-view mirror. So, I've settled on single symbol: the ratchet. Not the "full ratchet," which is a venture capital deal provision that protects early investors from later dilution, and something all founders dread. (And lovingly call rat s--t). I'm referring to a basic mechanical device that allows motion … [Read more...] about 4 Pandemic Changes That Will Change Your Business Forever

This past week more than 4 million Texans found themselves without power and approximately 12 million went without clean water. It was unexpected, tragic, and many people were unprepared for the storm and the aftermath that followed. As a business coach for over 25 years, I have seen the repercussions of the unexpected in the business realm and it's not unlike what has happened in Texas. I have seen business owners struggle to regain their forward momentum after a devastating blow of losing a partner or a key team member. I have seen what happens when a business doesn't have strategic depth and hasn't planned for the unexpected. I have seen what happens when an owner thinks that " it could never happen to us ." Fortunately for most business owners, there are steps that you can take now to be prepared in the future for the unexpected. The Hit by the Bus Test. Would your business be able to stand the hit by a bus test? Strategic depth is your company's ability to … [Read more...] about The Important Lesson We Should All Learn From The Recent Winter Storm In Texas

- A + A GDANSK/BENGALURU (June 27): UK's FTSE 100 ended at a more than one-week high on Monday, as an easing of Covid restrictions in China and the prospect of global infrastructure funding brought relief to commodity prices, lifting shares of major oil and mining companies. The commodity-heavy FTSE 100 rose 0.7% and hit its highest closing level since June 16, while the domestically focused mid-cap FTSE 250 index advanced 1.0%. Risk sentiment improved as easing Covid curbs in Shanghai and relaxed testing mandates in several Chinese cities supported base metal prices. "The burst of global enthusiasm for equities has put a spring in the step of the FTSE 100 at the start of the week," Hargreaves Lansdown analyst Susannah Streeter said. Oil majors Shell and BP both rose over 1.5%, leading gains on the index. Meanwhile, mining stocks Anglo American, Rio Tinto and Glencore gained between 1.7% and 3% after Group of Seven leaders pledged to raise US$600 … [Read more...] about Commodity stocks drive FTSE 100 to more than one-week high