Millennial Homeowners: Living With Regret

first_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Post Millennial Homeowners: Living With Regret in Daily Dose, Featured, News Subscribe The Best Markets For Residential Property Investors 2 days ago Tagged with: Bankrate buyers remorse Down Payment Home Homebuyers Homeowners House HOUSING Maintenance Millennials mortgage Bankrate buyers remorse Down Payment Home Homebuyers Homeowners House HOUSING Maintenance Millennials mortgage 2019-02-28 Radhika Ojha February 28, 2019 13,412 Views Sign up for DS News Daily Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Radhika Ojha is an independent writer and copy-editor, and a reporter for DS News. She is a graduate of the University of Pune, India, where she received her B.A. in Commerce with a concentration in Accounting and Marketing and an M.A. in Mass Communication. Upon completion of her masters degree, Ojha worked at a national English daily publication in India (The Indian Express) where she was a staff writer in the cultural and arts features section. Ojha, also worked as Principal Correspondent at HT Media Ltd and at Honeywell as an executive in corporate communications. She and her husband currently reside in Houston, Texas. Home / Daily Dose / Millennial Homeowners: Living With Regret Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Share Save Servicers Navigate the Post-Pandemic World 2 days ago Previous: Will Entry-Level Homes Catch a Cold This Spring? Next: A Turning Point for Home Price Growth? The Week Ahead: Nearing the Forbearance Exit 2 days ago About Author: Radhika Ojha First, it took them more time to buy a home and now that they have a place to call their own, do millennials suffer from homebuyers’ remorse? According to a Bankrate.com survey, nearly two-thirds of millennial homeowners have regrets about their home purchase—and most of it stems from difficulties with maintaining the home they bought.Millennials also form the largest share of any generation who regret their home purchase. The survey which was carried out between January 30 and February 1, covered 2,668 adults across age-groups.When looked across age-groups though, the survey found that overall 44 percent of homeowners had regrets about their home purchase while 56 percent were happy with their home. The most common factor that caused homeowners to regret their purchase was unexpected maintenance or hidden costs. While 18 percent of all respondents cited this as their key factors, a quarter of these respondents were millennial homeowners.“Repairs and maintenance costs are something all homeowners face.  Consumers should expect to set aside 1 percent of their home’s purchase price each year to keep in a savings account to cover these expenses,” said Deborah Kearns, Analyst at Bankrate.com. “Budgeting early on can prevent dipping into emergency savings or going into debt to handle these added expenses.”Some of the other factors that made homeowners suffer from buyers remorse included, buying a house that was too small (12 percent), buying a house that was in a bad area (8 percent); making a poor investment (7 percent); having a high monthly mortgage payment (7 percent); not getting the best mortgage rate (6 percent); and buying a house that was too big (6 percent).The survey also revealed that 79 percent of Americans believed that owning a home was “a hallmark of achieving the American dream.” However, income proved to be the biggest hindrance to achieving their goal of homeownership with 51 percent of survey respondents who didn’t own a home citing this as the key reason for not having their own home yet. Forty-one percent of respondents who don’t own a home also said that they didn’t buy because they couldn’t afford a down payment and closing costs related to buying a home.Click here to read the full report. Governmental Measures Target Expanded Access to Affordable Housing 2 days agolast_img read more

O’Brien needs support – Plumtree

first_img “I think Sean is right up there in that world class, right up there with those two in the next two weeks but I think all the boys across our back row have great quality. “If they stick together and stay tight, believe in each other, then they will be okay. “If even one person doesn’t believe in themselves, or what we’re trying to achieve, then we’ve got a passenger. “I’m just looking forward to seeing these boys playing against this Australian side, so they can measure themselves and I’m sure that’s going to happen.” Plumtree knows any defensive line dog-legs will be impossible for Australia’s livewire pivot Quade Cooper to resist. Calling on Ireland to shut half-backs Cooper and Will Genia down, he continued: “You’ve certainly got to work together to combat Cooper. “He looks for opportunities against individuals that push out of the line, he likes really fast ball. “So we’ve got to try to deny him that, but defensively he can be a real handful with his partnership with Genia, they’ve got a real understanding of each other’s play. “That’s been a big focus this week, but I guess Quade’s used to hearing that. “He’s got a bag of tricks that needs to be looked after and when he’s playing with confidence and front-foot ball he can be a real handful.” Plumtree believes Ireland back-rower O’Brien sits comfortably alongside renowned Australia seven Hooper and All Blacks captain McCaw. But he has warned the rest of Ireland’s pack that equal status does not mean O’Brien can handle those big threats by himself. Ireland’s “world class” openside flanker Sean O’Brien must not be left to combat Michael Hooper and Richie McCaw alone in the next fortnight, according to forwards coach John Plumtree. Ireland host Australia in Dublin on Saturday where they will bid to build on their 40-9 opening autumn international victory over Samoa. Wallabies’ flanker Hooper will be desperate to disrupt Ireland’s rhythm this weekend, while McCaw will aim to do likewise a week later. As a result, Plumtree has challenged Ireland’s entire pack to stop the two standout stars from shining at the breakdown. He explained: “It’s not all about one person, that’s for sure. “Sean’s going to need help and support in that area, and it’s up to the rest of the pack as a start to make sure they do support him. “If he’s carrying the ball really well we’re going to need our cleaners in there quickly, and if he does get his hands on the ball in defence, we’re going to need to support him in there as well in terms of stealing ball. “So it’s really not all about one person, and it’s unfair to put a lot of pressure on Sean O’Brien to be competing with Richie McCaw, Hooper or whoever else. “It’s a team game, and certainly from a pack perspective it’s important that our pack works closely together, whether that’s scrum, line-out, carrying ball or defending. It’s got to be a team thing. Press Associationlast_img read more

Bills address college admissions scandal

first_imgIn a statement to the Daily Trojan, the University said it is reviewing the new laws. USC did not comment further. Ting said in the press release that the proposed bills aim to make college admissions fairer by making information about alumni and the effect of donor connections on admissions public. According to a press release from the office of Assemblymember Phil Ting (D-San Francisco), who authored one of the bills, the investigation initiated a conversation about the legal ways those with connections in higher education can influence their children’s college applications and sway their admissions decisions.  Gov. Gavin Newsom signed three higher education reform bills into law Friday. The bills are part of a six-bill suite introduced in March by Democratic assembly members following the FBI’s investigation into the college admissions scandal, in which students were accepted to USC and other selective universities through bribe money and falsified athletic profiles. The bill only applies to schools that receive state funding, meaning only the UC and CSU systems would be bound by the policy.  Governor Gavin Newsom advanced legislation to make college admissions processes more equitable following Operation Varsity Blues. The bills aim to make alumni donations more transparent at colleges. (Photo from Steven Pavolov/Wikimedia Commons) AB 1383 restricts publicly funded universities’ ability to admit students who do not meet the standard conditions of admission — a practice known as “admission by exception.” The law states that each case of admission by exception must be backed by specific rationale. AB 136, the third bill in the package, excludes donations made to the Key Worldwide Foundation and the Edge College & Career Network, the organizations accused of running the student-athlete scam, from tax exemption under the Personal Income Tax Law.  William “Rick” Singer, who coordinated the scheme, used the Key Foundation and the Edge College & Career Network as cover-ups for the large sums of money used to bribe athletics staff and university officials to falsely designate applicants as athletic recruits. Assembly Bill 697 will require California colleges and universities to disclose preferential treatment given to applicants with personal relationships within the institution. Colleges will be required to release statistics about the number of applicants with a connection to a donor or an alumnus of the institution and the number of those applicants accepted into the institution whose admissions profile would not otherwise be considered eligible for admission. The law requires three senior campus administrators to approve admissions cases in which applicants do not meet eligibility requirements but show “high potential for success and leadership in an academic or special talent program at the campus” like athletics and fine arts recruitment.   “We must strive for a level playing field in the college admissions process so there can be equal opportunity for all,” Ting said. The press release also stated that the mandatory disclosure of data will be analyzed alongside state funding such as the CalGrant. The law will go into effect in 2020, and colleges and universities will be mandated to release preferential admission data from the 2019-20 academic year by June 30. last_img read more