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How Do People Released From Prison Find Housing?

March 20, 2023 by www.nytimes.com Leave a Comment

Kevin Brooks hopes he won’t have to go to a homeless shelter. In 1999, Mr. Brooks and four others were convicted of murder, and he was sentenced to 25 years to life in prison.

Now 52, more mature and remorseful, he has a clean disciplinary record and a bachelor’s degree. He believes he has a good shot at getting out after he appears before the parole board in January 2024.

He’s less confident about where he’ll live.

Before Mr. Brooks went away, he was living with his newborn daughter and girlfriend in a three-bedroom apartment in a brownstone in Crown Heights that rented for about $800 a month. Today the space would go for more than $3,000 a month. The average rent in Manhattan is $4,200, in Brooklyn it’s about $3,700.

So next year around this time, Mr. Brooks figures he is likely to join thousands of other formerly incarcerated people who will leave prison and have nowhere to live. Among all releases to community supervision in New York state during 2021 (not just those released from prisons), about 23 percent went directly to shelters, according to the New York Department of Corrections and Community Supervision; another 8 percent were “undomiciled,” or went to places like halfway houses and hotels.

There isn’t much assistance for people getting out of prison. We get $40 and a one-way bus ticket. Many of us head to the Port Authority in New York City. I say us, because I, too, am in prison. I interviewed Mr. Brooks as we sat at a table bolted to the floor in the communal space of a cellblock in Sullivan Correctional Facility, the prison where we both currently live.

Feeling priced out and left out, many parolees turn to illegal hustles. The state corrections department told me in an email that about 38 percent of people released in 2017 returned to the agency’s custody within three years.

Looking for Help

Our access to assistance is currently being discussed among New York state legislators. In January, Brian Kavanagh, a progressive Democrat who chairs the Senate Committee on Housing, Construction and Community Development, reintroduced the Housing Access Voucher Program (S. 2804B), which had support from both the senate and the assembly last year, but ultimately did not receive that same support from the Governor’s office during budget negotiations. The bill would provide vouchers to people in immediate need of housing assistance, either facing eviction or homelessness. Its language has recently been updated to include people about to be released from state prisons.

“They should be allowed to apply for various resources in advance of their release date so they get a chance of not going from prison to shelter,” the senator told me.

It could be significant for formerly incarcerated people who are shut out of other housing and programs. We can’t stay with, or even visit, family or friends who live in public housing projects. This is prohibited by New York City Housing Authority, but another bill, currently before the New York City Council, aims to prevent housing discrimination on the basis of arrest record or criminal history.

Similarly, some formerly incarcerated people — those with lifetime sex offender status, those who were previously convicted of certain drug offenses in federally assisted housing, and anyone for whom there is a “preponderance of evidence” of criminal activity — are excluded from participating in the federal Section 8 program that subsidizes rent for people who earn less than 50 percent of the median income for the county or metropolitan area in which they live. (In New York City, the median individual income is $41,625, according to the latest data from the U.S. Census Bureau.)

Mr. Kavanagh expects legislation to pass. “I don’t know of any individual or organization that’s opposing this bill,” he told me in the fall, as a I called him from the prison yard. “What’s unusual is that the large real estate interests of New York have been quite active in supporting this.”

But there is some pushback.

Though Howard Husock, a senior fellow in Domestic Policy Studies at the American Enterprise Institute, a center-right think tank, said he believes housing for formerly incarcerated people is important, he questioned the practicality of making vouchers more accessible to people getting out.

“There will be a limited number of vouchers. We don’t want justice-involved persons in competition with poor New Yorkers,” Mr. Husock told me. “Saying ex-offenders are not precluded — I think that’s unfortunately likely to set off tensions. People who have not been justice-involved and are on that waiting list may be like, ‘Wait a minute. I worked and played by the rules and now I’m at the back of the line?’”

Mr. Husock also wondered if it made sense for a single individual leaving prison to get a voucher over a struggling family household. To him, it seemed more practical to send someone getting out to a halfway house or re-entry program.

Turns out, those beds are pretty limited, too.

Mr. Brooks is looking to go to a re-entry program like Fortune Society, which began 55 years ago as a support group for former prisoners and now helps about 7,000 people who were previously incarcerated with education, employment, and housing services. In 2002, Fortune opened the Castle, on Riverside Drive, which houses a community of 90 former prisoners at a time and offers individualized case planning and support groups. In 2010, it opened Castle Gardens, in Harlem, which is a residential building that provides stable housing for 63 Fortune Society clients.

That’s a total of 150 beds.

“In limited circumstances, we’ll screen an incarcerated person, like Mr. Brooks,” Stanley Richards, Fortune’s deputy chief executive, told me when I called him from the prison yard, “and we’ll consider him for placement in the Castle and work with parole to certify him as homeless and hold a bed.”

Mr. Brooks said he feels like it’s his only hope. His daughter, now 23, recently graduated college, but because of high rent, she’s still living with her mother, who purchased a home out in Canarsie with her new partner after Mr. Brooks went to prison. He can’t go there.

“I just want to get out, land a gig, and find a spot to live,” he said. “I hope Fortune can help with that.”

‘Plan B’

Reading the real estate section of The New York Times, I see a Hell’s Kitchen studio co-op in the On the Market feature. It’s a half a million bucks and half the size of the old rent-stabilized railroad apartment where I lived around the corner on West 51 Street between 9th and 10th avenues as a teenager in the early ’90s. My mom tells me we paid $350 a month then. Today it goes for $3,700. Before that, we lived in a housing project, in Sheepshead Bay, Brooklyn. Rent: $100 a month.

I regularly see brownstones in Bedford-Stuyvesant advertised for millions. Darius Turner, who’s 34 and slim and tall, grew up in Bed-Stuy all his life, on Bedford Ave, between Greene and Lexington, around the corner from Lafayette Gardens.

“Yo, my brother just told me that he sees white people walking their dogs through L.G.,” Mr. Turner told me, laughing. “In a way, it’s good because Blacks and whites are mingling more. They’re not as fearful. But them white people pushed up the cost of living. I mean, a crib in the Stuy is thousands of dollars a month.”

He told me he grew up his whole life in the Stuy — played tag in the Stuy, shot hoops in the Stuy, hustled drugs in the Stuy, got shot in the Stuy, on two separate occasions. Mr. Turner, who’s rapper stage name was Propa Balla (now it’s Picasso XO) recalled opening shows for bigger artists.

In 2011, he pleaded guilty to robbery and received 10 years. In 2014, in Attica, he got two and a half more years added after a jury in rural Wyoming county found him guilty of promoting prison contraband (He was found with a sharpened toothbrush that he says was planted).

Mr. Turner will be released in February 2024 and he plans to live with his wife, who rents a two-bedroom apartment for $2,100 in East Flatbush. If the rap game doesn’t work out, his backup plan is to be a personal trainer. What if the relationship doesn’t work out, I asked? I pointed to the TV, which was playing “Love After Lockup,” a ratchet reality show that reminds us that romance is difficult after you are released.

“I mean, I always got a plan B,” Mr. Turner told me. “My Mom recently passed away and she left me a one-bedroom co-op. A family friend sublets it.”

Family Ties

Sometimes those sublet situations can get complicated, I told him.

When I was maybe 11 or 12, living with my mom and stepfather in Hell’s Kitchen, mom would put her name on lists for rent stabilized apartments. She’d fix them up and illegally sublet them. Onetime, she left a spare key with the super, who she believed had entered her tenant’s apartment and stolen money. When my family confronted the super, chaos erupted. Mom, my sister, my stepfather, and the tenant were all arrested. Outside the building, my brother-in-law had managed to pull me into the crowd. The super’s daughter cried for her father and pointed at my mother, cuffed behind her back. “You don’t cry for your mother?” Mom yelled to me.

Mom eventually went legit, got her agent’s license, became a broker, then opened up her own shop with the eponymous name “Laura O’Connell Real Estate.” I became a drug dealer. In 2001, I shot and killed a man in Brooklyn. At 24, I wound up with 25 years to life, plus three more for selling drugs. I made Mom cry. I broke another mother’s heart, too. The young man I killed grew up in the same Brooklyn projects I did. Over the years, I felt a lot of shame for what I did, remorse for the people I hurt. It makes me want to get out and do things the right way this time.

Around 2010, in Attica, I joined a creative writing workshop and honed my craft in a cell, sitting on an upturned bucket, tucked between the toilet and bunk, reverse engineering magazine articles, poking at a typewriter for hours. I’m about to submit a clemency petition to the governor, asking for her to shave some years off my sentence. Having a solid re-entry plan, how you’ll earn income, and where you’ll live, is all part of the process.

Mom is 77 now. She closed her real estate agency, cashed out and bought a condo in Florida. Since I’ve been earning income and paying taxes, Mom tells me she regrets she didn’t put my name on a few different lists for rent-stabilized Manhattan buildings. They didn’t need to know I was incarcerated, she tells me, because it takes years for your name to come up.

I’ve done OK for myself, I tell her.

Today I’m a contributing editor for Esquire, and I recently landed a book deal. In the last few years, I’ve been earning income, paying taxes, and saving money. I also won a fellowship from Galaxy Gives, a private foundation that funds organizations and leaders focused on criminal justice reform.

I can’t stop thinking about what it means that all these achievements are my only hope to afford a place at the market rate. And what it means that Mr. Brooks, and most of the others leaving prison, only hope to avoid a shelter.


Filed Under: Real Estate Real Estate, Housing, Legislation, Prison, Homelessness, Ex Cons, Public Housing, Rent, Probation and Parole, Fortune Society, Sullivan Correctional Facility, New York, ..., mob boss released from prison, post prison housing, post prison release depression, post prison release programs, post prison release, just released from prison, just released from prison benefits, just released from prison need help, release show house of talent, release show house of talent tickets

Biden Has a Peloton Bike. That Raises Issues at the White House.

January 19, 2021 by www.nytimes.com Leave a Comment

WASHINGTON — President-elect Joseph R. Biden Jr. moves into the White House on Wednesday facing many weighty issues: a global pandemic. A crushing recession. Racial injustice. Right-wing extremism.

But Mr. Biden’s personal weight-control and exercise regimen will face a different kind of burning question: Can he bring his Peloton bike with him?

The answer, cybersecurity experts say, is yes. Sort of. But more on that later.

A Peloton , for the uninitiated, is part indoor stationary bike, part social media network. The bikes are expensive — upward of $2,500 apiece — and have tablets attached, enabling riders to livestream or take on-demand classes and communicate with one another. Each rider has a “leader board name,” a unique identifier posted on the screen alongside “output,” a measure of how hard the rider is working.

When Mr. Biden was cloistered during the coronavirus surge this spring, The New York Times reported that he began each day “with a workout in an upstairs gym that contains a Peloton bike, weights and a treadmill.” The Biden team did not respond to requests for comment, but a person close to the president-elect said that Mr. Biden and his wife, Jill Biden , engage in regular morning negotiations over who gets to ride first.

But the Peloton tablets have built-in cameras and microphones that allow users to see and hear one another if they choose, and for Mr. Biden, therein lies the rub. The last thing the C.I.A. wants is the Russians and the Chinese peering or listening into the White House gymnasium. Last week, Popular Mechanics warned about the security risk under the headline “Why Joe Biden Can’t Bring His Peloton to the White House.”

The Biden Presidency

  • A Test for the President: Key industries — including some that the White House is backing through other policies — are lobbying to water down new rules on chemicals that pose risks to humans.
  • St. Patrick’s Day: President Biden welcomed Ireland’s prime minister for the traditional holiday celebrations and confirmed that he would visit the country next month to mark the 25th anniversary of the Good Friday Agreement.
  • Presidential Immunity: The president pledged on the campaign trail that he would direct the Justice Department to reconsider its view that sitting presidents cannot be indicted. He never followed through .
  • Recapturing a Centrist Identity: As he unveiled his latest budget proposal , Biden made deficit reduction one of his centerpiece promises. The move is part of a wider shift that sees the president speaking more to the concerns of the political middle .

The article prompted an explosion of chatter in Peloton world, but really, cybersecurity experts say, if Mr. Biden wants his bike, he can surely have it, though it might bear little resemblance to the off-the-assembly-line version after the Secret Service and the National Security Agency are finished with it. (There have been news reports that Michelle Obama has a modified Peloton, but her spokeswoman would not confirm them.)

Mr. Biden would not be the first occupant of the White House whose desire for electronics clashed with the cybersecurity needs of being president. President Trump flouted White House security protocols by calling old friends on his iPhone. President Barack Obama insisted on bringing his BlackBerry (remember BlackBerrys?) to the White House, and later wanted to use an iPad , to much opprobrium at the time. Security experts found a way to make it happen.

“Presidential security is always about balancing presidential needs and desires and the relative security risk of any single thing,” said Garrett Graff, the director of the cybersecurity initiative at the Aspen Institute, a research organization. “The threat is real, but it is presumably a manageable risk given enough thought and preparation.”

When Mr. Obama insisted on his iPad, it set a trend.

“All of a sudden I would go into Roosevelt Room meetings and people were taking notes on their iPads,” said Jamie Smith, who was Mr. Obama’s deputy press secretary from 2011 to 2014 and previously ran communications for the Office of the Director of National Intelligence. “Slowly but surely, they were getting clearance.”

Peloton was popular before the pandemic with a wealthy subset of home exercisers, but with the quarantine, it has become something of a phenomenon in a certain socioeconomic bracket. There are Peloton message boards (“Joe Biden has a Peloton,” Peloton Forum reported this week ), and the company’s celebrity instructors have huge followings on Facebook and Instagram.


How Times reporters cover politics. We rely on our journalists to be independent observers. So while Times staff members may vote, they are not allowed to endorse or campaign for candidates or political causes. This includes participating in marches or rallies in support of a movement or giving money to, or raising money for, any political candidate or election cause.

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But Peloton does not exactly comport with Mr. Biden’s “regular guy from Scranton” political persona. The company was widely mocked before the pandemic for an advertisement in which an already trim young woman went into a panic about not fulfilling her husband’s body expectations after he gave her a Peloton for Christmas. Its ads featuring stationary bikes in lavish settings are the butt of class-conscious social media jokes .

The company, which did not respond to a request for comment, has also been accused of catering too much to white people. In an opinion piece for NBC News in May, the writer David Kaufman , who is Black, said Peloton needs “a racial rethink,” adding, “My most segregated hours feel like the hours I spend each week on my Peloton.”

Peloton lovers are undeterred and convinced that Mr. Biden would never part with his bike.

“Nobody who’s committed to Peloton would move and not take their Peloton with them,” said Larry Appel, a retired executive in Greensboro, N.C.

To make the bike White House friendly, the camera and the microphone in the tablet would have to be removed, said Richard H. Ledgett Jr., a former deputy director of the National Security Agency. He would advise Mr. Biden to pick a nondescript user name and change it every month, and keep the bike far from any place where there might be sensitive conversations.

“If he’s the kind of guy who pedals and talks to people, that could be problematic,” said Mr. Ledgett, who confesses to being “a Peloton user myself.”

Being president is stressful, and most in recent years have had exercise routines. Bill Clinton jogged. George W. Bush ran until his knees gave out , and then turned to other forms of exercise, including mountain-biking at his ranch in Crawford, Texas. Mr. Obama played basketball. Mr. Trump sticks to golf.

For Mr. Biden, who at 78 will be the oldest person to be sworn in as president, riding a Peloton makes good political sense, even if it clashes with Working Class Joe. Mr. Trump spent much of last year’s campaign trying to persuade Americans that Mr. Biden is feeble — an argument Mr. Biden dispensed with when a Fox News clip of him riding his bike through the streets of Delaware went viral.

“I wasn’t really thinking of him as an energetic young guy, but the fact that he rides his Peloton for exercise means to me that he has more energy than I thought he did,” said Jennifer Loukissas, a federal employee who rides her Peloton at home in Kensington, Md.

Ms. Loukissas said she had spent some time trying to discern Mr. Biden’s Peloton leader board name. “I looked up all of the Joe Scrantons I could think of,” she said, in a reference to Mr. Biden’s birthplace. “None of them seemed to match up.”

Others, like Dr. Steven Braverman, who runs the Department of Veterans Affairs health care system in greater Los Angeles, entertain what they know will be unfulfilled fantasies about hopping on the bike one day and stumbling on the leader of the free world.

“It would be kind of cool,” he said, “to give the president a high five on the leader board.”

Filed Under: Uncategorized Shelter-in-Place (Lifestyle);Pandemic Life, Biking, US Politics, Exercise;Fitness, Cyberwarfare, Spying and Intelligence Agencies, Peloton, Joe Biden, White House, ..., blackmarket white house, black white house market, The White House in Washington, White House Historical Association, inside the white house, White House in Washington, The US White House, White House in Washington DC, White House Map Room, White House White House

Don’t buy houses depending on rate cycle; buy when you find right property at right price: Adhil Shetty

March 20, 2023 by economictimes.indiatimes.com Leave a Comment

Synopsis

The trend in the housing market is that people are buying homes to get the capital gains benefit which is getting capped next year. There has been no decrease in demand as of January, but if rates continue to increase, the slowdown will start to come in. There is still demand in terms of home loans, but it is not advisable to go for it now. Rates will go up and down, and when it goes up, the tenure will automatically increase.

“We are also seeing a lot of people buying homes right now because a benefit which is getting capped on capital gains savings by investing in a residential home ends this financial year. So a lot of people are trying to do it by March 31st to get that extended capital gains benefit which is getting capped next year,” says Adhil Shetty , CEO & CO-Founder, BankBazaar.com

What is the trend looking like? Has there been any decrease in terms of home loan demand?
The latest RBI data is available from January. We see that year to date, this year the home loan outstanding has grown by 12% compared with 9.6% last year. So in the data, it does not appear that there has been a decline as of January. But if you talk to anyone in the market, the general sense is that if the rates continue to increase, especially in certain segments, we are going to start feeling the pinch and the slowdown start to come in.

We are also seeing a lot of people buying homes right now because a benefit which is getting capped on capital gains savings by investing in a residential home ends this financial year. So a lot of people are trying to do it by March 31st to get that extended capital gains benefit which is getting capped next year.

A lot of reports are talking about the Rs 35 lakh to Rs 75 lakh category. Does this come under affordable housing ? They are exactly where the pinch is and the dip is. What could be the reason?
The reason could be that in the sub Rs 45 lakh affordable housing segment, the change in EMI has the highest impact as a proportion of your income. So if you are in that affordable housing segment, even several thousand rupees in additional EMI will make you question buying the property . That is why we are seeing the impact of the 2.25% repo rate increase. A substantial increase has happened this financial year. It has the greatest impact in the sub Rs 45 lakh segment.

Overall, in coming quarters, will the numbers go deeper in terms of the dip and the pinch that we are talking about? So far, there is still demand in terms of home loans. Is it even advisable to go for it now?
I feel that rates will go up and down. Frankly, it is not in our control. When we were discussing on the show a couple of years ago, rates were extremely low and we were all very happy and the repo rate home loans were the lowest in the last 15 years. It is not outside our control. The way I feel about it anytime is a good time if you find the right property at the right price.

Now, rates will go up and down and when it goes up, we will see the additional tenure or the EMI. And when it goes down, the benefit will automatically come. So I tend to advise people at BankBazaar not to plan depending on the rates rising or falling. That is not in our control. But if you decide that the time has come for the family to build a home and you have found the right home, then by all means go ahead and do it. It is always a good time to start building that home asset.

Those borrowers who are on floating rate right now, 10 years have gone beyond 50 years of their age because they have landed up extending it. A lot of these banks are not even extending the loan tenure now. How exactly can one deal with it? Is raising your EMI the only option left?
Let us look at the data. Given that the repo has gone up 2.25%, the tenure can increase by a very long period, over a decade. Now, what tends to happen is the lender will allow it to increase by a certain amount, let us say five years and then you will even see the impact coming in as a higher EMI. A pro tip, the best way to solve this is to prepay when you can. To give a simple example, if you prepay 5% of your principal outstanding every year on a 20-year home loan, you will end up paying it off in 12 years.

So the solution is if you have extra money after you have saved for long-term milestones, because that liquidity is required in terms of an emergency fund, that liquidity might be required for your daughter’s education etc, so do not mess with that. But anything extra you have, it makes sense to prepay because that is the silver bullet to pull back the tenure from getting extended over a very long period of time.

When you prepay, let us say an 8.5%-9% home loan today, it is almost a post-tax 8.5% benefit you are getting. That kind of return, risk-free, is not possible in India. So any extra money you have after planning for milestones, use it to prepay and pull down the tenure of your home loan.

Do you think it would make sense to even try switching your loan?
Yes, I feel that it is something you always need to watch out for. If you can find that you can save money and usually a rule of thumb would be, let us say, a 0.25% or above saving, you should consider a refinance. But keep in mind, you can refinance with the existing bank or you can refinance with a new home loan lender. The process tends to be easier with your existing bank and there is some more paperwork if you go to a new bank. But the process also has some paperwork and some charges.

So we tell people to typically go online, do a quick calculation, see how much interest can you save and if you are saving anything more than 0.25% and you are on a longer tenor, larger loan, it might make sense. You should check the numbers quickly online.

What are those common mistakes which a home buyer usually lands up making and something that you can really avoid if you are going out for a home loan right now?
I would say that this is a big decision, and we find that people spend a lot of time researching the television they are buying, or how they are going to plan their holiday but for a home loan, that research is not done. I would say that just look around, make sure who is giving you a good offer, make sure who will approve you, because a person with the lowest offer will not be able to approve the amount you want or the documents that you have.

So I would say, do your research, spend your time doing it. It is something that is going to stay with you for 20 years. In fact , at BankBazaar, we find that owning a home and saving for your child’s education are the two biggest aspirations Indians have. Put in that time and enjoy the process. Talk to your spouse about it, do your research, see where you can save, where you can buy. It can be a lovely life experience, where you make sure you get the best research possible.

When you do your research or when you look into your data, where is this loan demand coming from? Is it the millennials? Is that trend still continuing or is there something more specific that you can share?
I think that it is people who are in their mid-30s. That is the stage at which people are thinking about home. People who are in their 20s are more into no-cost EMIs, into credit cards. But by the time people are in their mid-30s, the thought starts to come that, hey, this is an asset I am building and the nice thing that we are seeing is that today everyone is aware that a home is important. Everyone, in fact, is aware that you need a good credit score.

A lot of people today start preparing in their early 30s, saying that, hey, if my credit score is above 800, I get a 20 basis points discount. If my credit score is over 750, I get a 10 basis points discount. What I really like is the maturity is coming and people realize that potentially, this could be the biggest asset we are buying. It is not so much that they are doing it from an investment purpose, because we are not saying that this is the best place to invest your money. But it is a great place to build a life and also build an asset for the next generation.

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Everyone said house prices would crash. Then this happened instead

March 20, 2023 by www.express.co.uk Leave a Comment

Ray Bolger says house prices set to fall ‘10% next year

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At the start of the year, all the experts agreed that the UK property market would crash in 2023.

They only differed on the scale of the sell-off. Lloyds predicted a drop of seven percent, Capital Economics went for 12 percent and Japanese bank Nomura predicted a 20 percent wipe out.

But we’re almost a quarter of the way through the year and two reputable sets of figures suggest the opposite is happening.

Incredible, house prices are climbing.

That’s right. They’re going up.

Today, Rightmove reported that the average price of a home coming to the market climbed by 0.8 percent in March.

That lifted the average asking price by £2,906 to £365,357.

History shows asking prices increase by one percent on average in March, so this is slightly below trend.

Yet it’s still impressive given war in Ukraine , cost-of-living crisis, recession fears and now the global banking panic .

If the UK housing market can get through that little lot unscathed, it will be an incredible feat.

Rightmove’s figures aren’t an outlier, either.

Latest figures from Halifax show house prices jumped 2.2 percent in February, which followed a smaller increase of 0.2 percent in January.

This is even more impressive because it is based on sales completed, whereas Rightmove’s is based on asking prices, which tend to be on the optimistic side.

So what’s going on?

House-prices-rise

While house prices may still fall the market has been surprisingly resilient (Image: Getty)

The UK housing market hasn’t become completely detached from today’s troubled economic reality.

Rightmove is reporting “a higher degree of pricing caution” among many new sellers.

Yet it also confirms the “market on a much more stable footing than many anticipated”, with asking prices for larger homes particularly buoyant up 1.2 percent this month.

Halifax figures show house prices fell in October, November and December, before this year’s revival.

But its mortgages director Kim Kinnaird said falling mortgage rates, improving consumer confidence and labour market resilience are helping to stabilise prices.

The big question is whether this can continue.

Mortgage rates have plunged since hitting 6.52 percent after former Chancellor Kwasi Kwarteng’s disastrous mini-Budget in September.

Rates on new deals are closer to four percent, in a boost for two million homeowners will see their fixed-rate mortgages expire this year.

Many will now be able to get an affordable remortgage when their current deal expires, sparing them a forced sale or repossession.

READ MORE: Find out how monthly mortgage repayments are changing with this tool

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Mortgage rates may now have further to fall.

As a result of the banking crisis, the Bank of England now looks less likely to press on with further interest rate hikes , to ease pressure on the economy.

Estate agent Jeremy Leaf said Rightmove and Halifax figures confirm what he’s seeing on the ground.

More desirable properties are receiving several offers, particularly family houses which are now in short supple. “Encouragingly, we’ve noticed first-time buyers making a comeback after almost writing them off as an endangered species at the end of last year.”

Leaf added: “We’re looking forward to a busier spring than we dared hope for in the early weeks of 2023.”

With so much gloom around, nothing can be taken for granted.

Yet with mortgage costs falling and property still in short supply, there’s a chance the housing market could escape a crash after all.

I said a month ago that this year may not be as bad as we fear .

There’s a long way to go but it’s good to report one piece of positive news. Fingers crossed for more.

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Full list of documents House GOP chairs want from Manhattan DA

March 20, 2023 by www.newsweek.com Leave a Comment

  • Three top House Republicans sent a letter to Manhattan District Attorney Alvin Bragg demanding documents and communications related to the DA’s investigation of Donald Trump ahead of his possible arrest.
  • The letter demands a list of all documents and communications between Bragg’s office and the Justice Department regarding a possible indictment, as well as a transcribed interview with Bragg.
  • The move is backed by House Speaker Kevin McCarthy, who has called for calm as Trump has urged his supporters to protest if he is arrested.

Top House Republicans are rushing to Donald Trump ‘s aid ahead of his possibly imminent arrest, which the former president says could come as early as Tuesday morning.

On Monday, three GOP chairmen of House committees sent a letter to Manhattan District Attorney Alvin Bragg demanding a list of documents and communications made with the Justice Department (DOJ) regarding a possible Trump indictment by the DA’s office.

“You are reportedly about to engage in an unprecedented abuse of prosecutorial authority: the indictment of a former President of the United States and current declared candidate for that office,” Representatives Jim Jordan , Bryan Steil and James Comer wrote. The three Republicans chair the House’s Judiciary, Administration and Oversight committees, respectively.

“Your decision to pursue such a politically motivated prosecution—while adopting progressive criminal justice policies that allow career ‘criminals [to] run the streets’ of Manhattan—requires congressional scrutiny about how public safety funds appropriated by Congress are implemented by local law-enforcement agencies,” the letter said.

The request comes a day before Trump said he expects to be arrested in Manhattan. Over the weekend, the former president said he had learned that he would face indictment Tuesday in connection with a hush money payment he allegedly made to adult film actress Stormy Daniels during his 2016 presidential campaign.

The records that House Republicans are demanding for “oversight” are:

  • All documents and communications between Bragg’s office and federal law enforcement agencies, including all subsets of the DOJ, related to the investigation of Trump.
  • All documents and communications sent or received by former employees Carey Dunne and Mark Pomerantz referring or relating to Trump.
  • All documents and communications related to receipt and use of federal funds by Bragg’s office.

The three House Republicans are also asking for Bragg’s testimony in a transcribed interview—a demand they asked him to schedule no later than Thursday morning.

It has been reported that the move by Jordan, Steil and Comer is backed by House Speaker Kevin McCarthy . He told Politico on Saturday that he was “directing relevant committees to immediately investigate if federal funds are being used to subvert our democracy by interfering in elections with politically motivated prosecutions.”

Although McCarthy gave a full-throated defense of Trump over the weekend, he has called for calm amid the former president’s calls for protests if he is arrested.

“I do not believe there should be any violence [in response] to this,” McCarthy told reporters from Orlando, Florida.

Trump, on the other hand, has urged his supporters to “PROTEST, PROTEST, PROTEST!!!”

Newsweek reached by email out to the Manhattan district attorney’s press office for comment.

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