🇳🇱 Arjan Verbeek’s Post

The 2021 expansion of the Child Tax Credit (CTC) brought significant relief to low-income families, reducing housing instability and financial stress. A study by the University of Michigan and the University of Wisconsin found that the CTC decreased the likelihood of needing to move due to affordability issues and reduced past-due rent and mortgage payments. Additionally, the extra income allowed parents to leave shared living arrangements, leading to smaller, less crowded households. How can we build on this success to ensure ongoing housing stability for low-income families? Let's discuss. https://lnkd.in/gYMTkEfW #ChildTaxCredit #HousingStability #EconomicSupport

Here is another view on mortgage rates and the upcoming election

Certified Financial Planners/Advisors: Next Free webinar of the Series will be on June 13th. 2024 at 2:00 p.m. EST: “Funding Long-Term Care with Home Equity”. We are offering several webinars on how to apply Reverse Mortgages and "sequence of returns" to your clients’ portfolios; a great way to diminish loses and grow their investments. After the webinar, 1 credit will be applied towards your CE. Please, contact me via LinkedIn, by email at cwilliams@statecapitalgroupcorp.com or by phone (914) 393-9600 to register and/or to find out for more information. The combination of rising inflation and volatile investment markets, has many financial advisors considering home equity to help safeguard and improve retirement outcomes. Often serving as a client’s largest asset, strategically accessing home equity with a reverse mortgage may: • Manage long-term care risks.  • Bridge gaps to maximize social security.  • Eliminate a mortgage payment.  • Fund legacy strategies and more.  • Long-term care planning, paying taxes on Roth Conversions, cash flow management. • Strategically utilize home equity. • Learn the reverse mortgage cost, borrower eligibility, requirements and consumer protection. In this webinar for Financial Advisors, you will learn how a reverse mortgage works, and how to incorporate it into your planning practice. Presented by Phil Walker, Vice President of the Retirement Strategies Division at HighTech Lending, Inc.  This class is eligible for 1 CFP CE credit. #seniorcitizen #seniorservices #seniors #reversemortgage #reversemortgages #reverseretirement #financialfreedom #financialadvisor #financialplanning #financialindependence #financialadvisor #financialplanner #elderlaw #divorceattorney #willsandtrusts #realestate #realestateplanning #relocation #homedownsize #homeownership

There is a general view that when we talk about the needs of first time buyers we are talking about young people, and building small flats is the key to unlocking the market. The reality is that many people getting on the housing ladder are looking for space for a family. Which corroborates the fact that the real need is to free up family homes, rather than focus just on building new homes. Giving older people better choice of specialist housing like retirement villages, alongside incentives like stamp duty reductions, would have far more impact for those 40-something first time buyers who want a house they can grow into - let's hope all parties realise that as we move closer to the election. #FTBs #downsizing #integratedretirementcommunities

With the inflation and target cash rate expected to remain high over 2024, it can be challenging for young Australians to get into the housing market. So, should you help your children buy a home? It’s essential that any support does not risk your financial security, and that means looking at what support you can afford to provide. https://lnkd.in/gHPBAuas #financialsecurity #estateplanning #homeownership

I agree totally. Landlords should be able to report on the credit bureau tenants history of paying rent , repairing any damage they cause, and cleaning up the home when they decide to vacate. That way great tenants would be rewarded for their good behavior. This accurate reporting would encourage more rental investment because landlords could be confident that they can protect their investments. Without investment we will not be able to solve the housing crises. We are facing a real life example of Government taking money away from investors and telling people they are going to build houses with the money.

The Canadian government's recent move to include rent payments when calculating credit scores is a game-changer for anyone looking to buy a home. We are all for it, understanding just how important it is to show you're good with money when it comes to getting loans. We've always been about showing the real financial picture for renters. Our bank analysis lets renters prove they're on top of their finances, not just through credit scores. With these new steps from the government, we are leading the way in helping renters beef up their financial image and open doors. #FinancialInnovation #Homeownership #CanadianHousing https://lnkd.in/eKugZp5X

My latest research links Independent Living occupancy rates to the overall economy. One takeaway: Mortgage rate increases can dampen independent living occupancy rates for years. That said, mortgage rate decreases can bolster occupancy rates for years.

Home ownership is one of many key success metrics including financial literacy that leads to wealth creation for BIPOC. Property ownership is POWER! Reposted by: D. J. MILLINER - www.scottmillineroc.com - www.dmdiversified.com FYI With the Biden Administration in office there has been more chatter regarding home equity as it relates to minorities and ownership. With the array of issues, the Biden Administration is faced with, correcting the injustices and inequities is still a high priority. The housing policy is another facet in which social justice and income inequalities can be addressed.

Earlier today, Prime Minister Justin Trudeau and Deputy Prime Minister Chrystia Freeland announced measures to make it easier for consumers to get credit for paying rent. This is an important and very positive announcement. As the first company in Canada to offer consumer-led rent reporting, Borrowell has long advocated that renters should get credit for making rental payments on time–just like home owners do with mortgage payments. The single biggest challenge for consumers reporting rent is that our financial system makes it hard for them to share this data. So we urge the government to move quickly to make Consumer-Driven Banking a reality and hope to see substantial progress in next month’s budget. https://lnkd.in/gNUxygJF https://lnkd.in/gNUxygJF