The Student Debt Drag on Home Buying

first_img debt Households Student Loans 2019-05-13 Seth Welborn Tagged with: debt Households Student Loans The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Market Studies, News The Student Debt Drag on Home Buying About Author: Seth Welborn Share 1Save Subscribe Previous: Measuring Consumer Economic and Housing Market Expectations Next: App Connects Investors With Foreclosure Auctions Home / Daily Dose / The Student Debt Drag on Home Buying Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago May 13, 2019 1,536 Views Servicers Navigate the Post-Pandemic World 2 days ago Student debt is impacting the housing market, according to David Rosenberg, Gluskin Sheff’s Chief Economist & Strategist. In an article published by Business Insider, Rosenberg discusses how high levels of student loan debt are locking many potential buyers out of the market.“The lack of opportunity has led to the share of ‘kids’ between the ages of 25 and 34 that are living at home rising to 17% from 12% a decade ago,” Rosenberg said. He also noted how the weight of student loan debt across the country has had a negative impact on marriage and fertility rates, as well as enrollment in post-secondary school, leading to slower household formation.Outstanding student loan debts have topped $1.6 trillion, up by around 130%‎ over the past decade, and the late payment rate sits at around 10%.“If you are in arrears on this type of debt, forget getting a FICO score and forget having the leeway to secure any sort of loan for years after missing a payment,” he adds.“This is one reason why we never did have a normal housing market cycle beyond the ‘buy for rent’ investor craze that began nearly a decade ago,” Rosenberg said. “The home sales share in this economic expansion represented by the first-time buyer rarely got above 30%, whereas a typical bull market in residential real estate sees this share hovering between 40% and 50% in any given month.”In the annual letter to shareholders, JPMorgan Chase CEO Jamie Dimon recently echoed Rosenberg’s sentiment, noting how the increase in student loans has held the mortgage industry back.“Irrational student lending, soaring college costs, and the burden of student loans have become a significant issue,” Dimon said. “The impact of student debt is now affecting mortgage credit and household formation—a $1,000 increase in student debt reduces subsequent homeownership rates by 1.8%. Recent research shows that the burdens of student debt are now starting to affect the economy.” Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily  Print This Postlast_img read more

Two men arrested on suspicion of growing €240,000 worth of cannabis plants

first_img Further drop in people receiving PUP in Donegal Previous article€18.9m allocated for local and regional road improvements in DonegalNext articleDonegal Mayor fully supports Raphoe FC development plans News Highland Facebook WhatsApp 365 additional cases of Covid-19 in Republic Google+ Pinterest Pinterest A Chinese take-away boss has been arrested on suspicion of growing €240,000 worth of cannabis plants.The 70-year-old, well-known in South Donegal and who has been 40 years in Ireland, was arrested with a 52-year-old China native in a car south of Barnesmore Gap.They are being quizzed at Ballyshannon Garda station.Following the arrests gardai searched a farmhouse at Garvanagh, Ballintra at 10.30 pm last night.They found around 300 cannabis plants in the early stages of cultivation and with a street value of €240,000. Google+ Main Evening News, Sport and Obituaries Tuesday May 25th WhatsAppcenter_img Two men arrested on suspicion of growing €240,000 worth of cannabis plants Man arrested on suspicion of drugs and criminal property offences in Derry News Twitter By News Highland – January 25, 2013 Twitter Facebook RELATED ARTICLESMORE FROM AUTHOR 75 positive cases of Covid confirmed in North Gardai continue to investigate Kilmacrennan firelast_img read more

Derby fans on Twitter react to Martin display

first_imgEmbed from Getty ImagesMany Derby County fans on Twitter looked on with envy as their out-on-loan forward Chris Martin scored again for Fulham in the televised showdown with QPR.Martin’s goal – his ninth in 19 games for the Whites – atoned for his previous penalty miss as he earned his side a point.He had wanted to return to Derby but Fulham refused to cut his loan deal short and Rams supporters were regretful he was ever allowed to leave by previous boss Nigel Pearson.Give me Chris Martin over any of our current strikers any day #DCFC— Josh Dickinson (@joshdickinson3) January 21, 2017Don’t care what anyone says ,Chris Martin miles better than anything we’ve got. What an awful decision by Mel and D.C.FC— Paul (@Williamsp57Paul) January 21, 2017That Martin guy at Fulham looks decent, we could do with a player like him #dcfc— Mitchell (@MitchellTulley_) January 21, 2017Chris Martin scores again… good call to send him on loan 👀🌚 @dcfcofficial— Callum Webb (@CallumWebb18) January 21, 2017Chris Martin scores again… thanks Nigel Pearson for strengthening a team we are in competition against #dcfcfans— Gav (@Gav1981) January 21, 2017I miss Chris Martin in a #dcfc shirt— Ryan (@Ryan_27) January 21, 2017Chrissy Martin Derby’s number 9 #ffc #dcfc— Justin (@justink1884) January 21, 2017Fulham fans were delighted with Martin’s equaliser and the fact he seems to be committed to the club for the rest of his loan spell.What a goal by Martin! So glad he’s back. #FFC #COYW— Andrew Sherman (@asherman87) January 21, 2017Martin showing his experience and class.That was a nice finish, very clever indeed! #FFC— Ad (@ABronsSmith) January 21, 2017GET IN MARTIN! COME ON FULHAM ⚽️🔥#FFC #FulhamFC— Phoebe Benta (@phoebebenta) January 21, 2017YESS get in Martin #ffc— Aly (@AlyMeta) January 21, 2017   Ads by Revcontent Trending Articles Urologists: Men, Forget the Blue Pill! This “Destroys” ED x ‘Genius Pill’ Used By Rich Americans Now Available In Netherlands! x Men, You Don’t Need the Blue Pill if You Do This x What She Did to Lose Weight Stuns Doctors: Do This Daily Before Bed! x One Cup of This (Before Bed) Burns Belly Fat Like Crazy! x Drink This Before Bed, Watch Your Body Fat Melt Like Crazy x Follow West London Sport on TwitterFind us on Facebooklast_img read more

Drake goes after Draymond, ‘Yay Area’ after Raptors win Game 4

first_imgWe knew it was coming.The spice from rapper Drake after the Raptors’ stunning Game 4 win over the Warriors emanated through the screen of a cell phone, and it packed quite a punch.Drake had something ready for Draymond Green, putting the Warriors forward on blast for the outfit he wore to Golden State’s Game 3 loss: A double-breasted pink blazer and jean shorts.The rapper posted two side-by-side photos of Green on Instagram, and some goofy character speaking over the post compared Green to …last_img

“Utmost Precision” Found in DNA Repair Enzyme

first_imgThe cell has many helper enzymes that can repair DNA damage.  One such enzyme, named MutY, has been described in the Feb. 12 issue of Nature.1  Reviewer Tomas Lindahl sets the stage: “Damaged DNA must be removed with the utmost precision, as mistakes are costly.  The structure of a repair enzyme bound to its substrate provides a welcome clue to how this is achieved.”    This particular enzyme is able to recognize its particular error target, an adenine incorrectly paired to an oxidized guanine, because of “extensive and precise contacts” it makes with that specific erroneous pair.  These contacts prevent it from mistakenly removing a correct pair.  In a paper in the same issue, Fromme et al.2 describe “an ingenious way by which this specificity is achieved” through these multiple, precise contacts.    Lindahl describes how this enzyme works.  Details of the jargon are not essential for appreciating the precision of this molecular machine’s lifesaving activity:MutY belongs to a group of enzymes known as DNA glycosylases, which recognize altered bases in DNA and help to remove them.  Like other DNA glycosylases, it generates a sharp bend in the DNA at the site of the mismatch.  The new structural data provide a suitable explanation for why – as is desired – MutY doesn’t recognize and remove an adenine opposite its normal base partner, thymine (T): the extensive and precise contacts between MutY and an A•xoG pair are entirely absent in a normal AT pair.  Similarly, the enzyme’s active site does not accommodate a cytosine opposite an oxoG; for coding reasons, it is important that the oxidized base rather than the normal base is repaired in this partnership.Lindahl notes that mutations in this enzyme put humans at risk of colorectal cancer.  Other oxygen-altered bases, if not repaired, are implicated in tissue degeneration and ageing.1Tomas Lindahl, “Molecular Biology: Ensuring error-free DNA repair,” Nature 427, 598 (12 February 2004); doi:10.1038/427598a.2Fromme et al., Nature Feb 12, 2004, p. 652.How does a blind molecule do this?  Notice how specific the contacts are: some parts first allow the enzyme to contact the specific error-bound pair, and if and only if a match is found, other parts of this machine are designed to bend the DNA strand so that the bad base can be cut out.  (He didn’t go into this, but other machines are on hand to ferry in and insert the correct base.)  All these extensive and precise contacts exist because another section of DNA that codes for this enzyme contains bases that are also extensive and precise.  This underscores the principle that enzymes, to work, are not indiscriminately mutatable.  They have to be precise to work.    It also underscores the evolutionary conundrum that DNA needs repair enzymes to prevent catastrophic errors, but the repair enzymes themselves are coded by DNA.  How could a DNA strand without the error-correction mechanisms survive beyond a few copies?  Evolutionists know that accurate copying is essential to prevent “error catastrophe” yet they expect us to believe that these marvelous high-precision error-correction systems (and there are many, many parts of the DNA Damage Repair team), somehow came into being via accidents.  Give me a break.  (On second thought, don’t–broken DNA is deadly.)  Not surprising that there is no mention at all of evolution in this article.    For more on the wonder of enzymes and their precision, see our online book, Evolution: Possible or Impossible?  Though written years ago, the book’s thesis that chance is utterly incapable of producing such incredible precision of function is only amplified by discoveries like this.(Visited 18 times, 1 visits today)FacebookTwitterPinterestSave分享0last_img read more

Mandela Day: libraries in containers

first_img10 July 2013 The Mandela Day container library project, an innovative response to the shortage of libaries at South African schools, will celebrate Nelson Mandela month with the handover of its 28th library – a custom-adapted 12-metre shipping container – to Alpine Primary School in Mitchells Plain, Cape Town. The 28th Mandela Day container library went on public display at Cape Town’s V&A Waterfront at an event marking the launch of Mandela month on 1 July, and will remain on display through 18 July, Mandela’s 95th birthday as well as Nelson Mandela International Day. Marked across the world on 18 July each year, Mandela Day aims to inspire people to take action to change the world for the better and, in doing so, to build a global movement for good. “The public is invited to view the library, get involved in activities within and around the library, such as writing their messages of hope on the 67 minutes wall of hope, painting the external wall of the container, reading to school learners and donating books,” Puleng Phooko, programmes manager for Breadline Africa, said at launch event at the V&A Waterfront’s Clock Tower square. Breadline Africa is one of a number of NGOs and corporates that have partnered with the Nelson Mandela Centre of Memory to drive the container library project, with corporates providing financial support, sponsorship of books and employee volunteers, and literacy organisations, book donation agencies and publishers providing books, educational equipment and materials. “The installation of Mandela Day libraries continues to spread the Mandela Day message about people’s capacity, when working together, to bring about positive change,” the Nelson Mandela Centre of Memory says on its website. “The libraries promote a reading culture and address the call for equal access to resources for education.” According to Phooko, the project, inspired by Mandela’s own love of reading and belief in the transformative power of education, can only be successful through the joint efforts of partners willing to make positive changes in children’s lives. The first Mandela Day container library was opened on 18 July 2011 at Tsakane Primary School on the East Rand in Gauteng province, and since then a further 26 have opened, covering deserving underprivileged schools in urban and rural areas countrywide and collectively touching the lives of over 20 000 pupils. Alpine Primary School in Mitchells Plain, which will receive the 28th library later this month, currently has no library for its 1 370 pupils. To ensure the sustainability of the project, the Nelson Mandela Centre of Memory, with support from LegalWise, Macmillan South Africa and other partners, hosted librarian training sessions in Johannesburg and Cape Town in October for teachers who run the libraries in recipient schools. Last month, the centre hosted a networking event bringing together “the companies that sponsor libraries, publishers and booksellers, architects and engineers who help design the libraries, and non-profit organisations that make the libraries a functional reality for learners and educators”. Tim Smith, director of Breadline Africa, appealed to corporates in South Africa and abroad to get involved in taking the project forward. Also speaking at the event, Kimberly van Dyk, CSI manager at JPMorgan Chase Bank, spoke of the bank’s sponsorship of a library, saying it was well received by people working at the bank, especially at its New York headquarters. Florina Tshikane, principal of Meadowlands Primary School in Soweto, spoke of the her pupils’ excitement about their container library, which opened in August. “They are so enthusiastic about the library,” she said. “They rush to library during break time.” SAinfo reporterlast_img read more

‘Struggle brought best out of me: Karmakar

first_imgFor Commonwealth Games (CWG) and Asian Games medallist Prasanta Karmakar, even living the life of a normal person was nothing short of a struggle.But then, he has never been one to complain.”I think in life it is important to struggle, for that brings the best out of oneself,” the 29-year-old para-swimmer said at a felicitation ceremony in the Capital on Thursday.Ashish Kumar and Deepika Kumari were the other athletes who were honoured by Aspire, an education-related enterprise.Karmakar felt that for a para athlete to gain recognition was a tough task. “I had started winning medals at the World Silent Games nearly five years back. And I have been continuously winning medals at these Games for the last five years. But even then, hardly anyone knew me. I was a bit upset,” he said.All that changed at the CWG in Delhi where Karmakar scripted history in becoming the only Indian swimmer to win a bronze medal.And frankly, he was not prepared for the adulation he got. “That bronze at CWG changed my life to a certain extent. I was more noticed and got a lot of phone calls from a lot of people I did not even know,” he said.But Karmakar still feels that the government still has a lot more to do to improve the condition of the para athletes.”The government does not have even one per cent quota for para athletes. In this context, I would like to mention Haryana as the state which encourages and treats its sportspersons the best. I cannot quite express my gratitude to this state for what it has done for sportspersons,” he said.advertisementOn his part, Ashish, who became the first Indian gymnast to win a medal at the Asian Games, said the toughest part of his early days was getting up and going to train early in the morning.”I had to go for training at 4am six days a week. The training centre was quite a distance from my residence and I had no other alternative,” he said.Ashish also expressed disappointment with the fact that he was not able to train with modern equipment, which is lying with Sports Authority of India (SAI) after the conclusion of the CWG. “I did very well at the Asian Games but it’s difficult to repeat the same success at the Olympics as I need better facilities at the Allahabad academy. During CWG, we were provided with latest equipment, which resulted in our good show.But once the Games were over, the equipment went back to the SAI. They are wasting this costly equipment. Allow me and other gymnasts to practice on them so that we can bring more glory to the nation at the Olympics,” Ashish pleaded.last_img read more

A fitting finale

first_imgDon’t miss out on the latest news and information. Hontiveros presses for security audit of national power grid Chris Ross did the damage from afar and June Mar Fajardo anchored the Beermen’s inside game with impunity as San Miguel led by as large as 21 points early to practically take the Hotshots’ confidence away.And when the duo blew cold, Marcio Lassiter and Christian Standhardinger cranked it up in the second half to help quell the Hotshots’ spirited tries mounting a comeback and set up a fitting culmination to a see-saw series between teams that flaunt contrasting styles.FEATURED STORIESSPORTSPrivate companies step in to help SEA Games hostingSPORTSPalace wants Cayetano’s PHISGOC Foundation probed over corruption chargesSPORTSSingapore latest to raise issue on SEA Games food, logistics“You can see it in the players that they didn’t want to lose. You could see it in the players that losing would mean relinquishing our title to our opponents [and they don’t like that],” said San Miguel coach Leo Austria.“While they (Hotshots) made a run, we remained composed,” he added. Leo Austria, SMB wary of ‘more experienced’ Hotshots ahead of PBA Finals rematch PLAY LIST 01:33Leo Austria, SMB wary of ‘more experienced’ Hotshots ahead of PBA Finals rematch01:28’Walang bigayan’: Expect all-out war between sister teams Magnolia, San Miguel00:50Trending Articles02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games02:11Trump awards medals to Jon Voight, Alison Krauss Panelo: Duterte ‘angry’ with SEA Games hosting hassles Philippine Arena Interchange inaugurated LATEST STORIES “Defense wins championships, as great coaches would say. We know that when it comes to offense, we’re the first or second-ranked team. But we can’t rely only on that,” he told the Inquirer.Magnolia bore the brunt of its production from Jio Jalalon, who scored 17 points.But the Hotshots couldn’t match the Beermen’s might especially with Game 6 hero Mark Barroca limited to just six points.“Now we have a good chance to grab [the title] again,” Austria said of the decider, slated at 7 p.m. “I just hope we could score two straight wins over them. It has never happened this series.”San Miguel will be playing its first Game 7 since their famed ‘Beeracle’ run in the 2016 Philippine Cup, when it erased a 0-3 deficit against Alaska to complete the most remarkable comeback in the PBA—if not in all of pro sports.Sports Related Videospowered by AdSparcRead Next MOST READ DA eyes importing ‘galunggong’ anewcenter_img With their reign and legacy on the line, four-time defending champion San Miguel Beer lived up to all the pre-Finals hype on Sunday night to topple Magnolia, 98-86, and forge a you-or-me duel for the PBA Philippine Cup title at Smart Araneta Coliseum.The Beermen left nothing to chance, buckling down to work right from the get-go to build comfortable leads early before fending off several dogged rallies by the Hotshots and necessitate a Game 7 Wednesday also at the Big Dome.ADVERTISEMENT Fajardo paced San Miguel with 23 points. Lassiter looked like he has regained his lethal form, finishing with 20 as Ross and Standhardinger posted 17 and 16, respectively.Interestingly, the victory marked the first time in this series that San Miguel failed to score at least 100 points in winning.Austria actually likes that.“I actually told them I don’t care if we scored more or less than 90 points tonight as long as we’re playing defense,” said Austria.He believes that his charges are more than just a well-oiled offensive machine.ADVERTISEMENT Private companies step in to help SEA Games hosting Ethel Booba twits Mocha over 2 toilets in one cubicle at SEA Games venue SEA Games hosting troubles anger Duterte Cayetano: Senate, Drilon to be blamed for SEA Games mess Andaya, Borja rule IronKids View commentslast_img read more

Joan Collins To Attend Save The Children Event

first_imgAs trendsetters descend upon London Fashion Week, a collection of one-off silk scarves have been hand-painted by some of the UK’s hottest designers and are being auctioned for Save the Children by Mary Portas’s Living & Giving shops.Luxury accessories label, Age of Reason, has provided the UK made scarves for the project.The personalised designs from the likes of Julien MacDonald and May Fair Hotel Artist in Residence Marc McGreevy visualise their own childhood memories in support of Save the Children’s newborn campaign.Launching on eBay on Thursday 13th February, all nine Handpicked scarves are available to the highest bidder when the action closes 10 days later on Sunday 23 February. Visit www.savethechildren.org.uk/handpicked to find out more and make a bid.The auction will kick off with a special launch event at the May Fair Hotel on Wednesday, February 12, with Mary Portas, with special guest Joan Collins.The Handpicked collection includes earthy palettes, feminine florals and vibrant motifs on an Age of Reason silk scarf in various sizes. They include Julien MacDonald’s embellished handkerchief scarf, as well as Marc McGreevy’s tonal coloured hand-drawn silhouette of Alek Wek. Every penny of profit goes to Save the Children who help the most vulnerable children and their families across the world.Julien MacDonald, whose latest collection is being show at LFW on 15th February, said:“Being approached to create a bold scarf print for Save the Children was an honour. I immediately wanted it to be fun and colourful! Drawing from the classic childlike inspiration of a children’s party, the scarf encompasses the energetic and lively feel that this project portrays, and I had a lot of fun producing it!”As scarves dominate the Spring/Summer 2014 collections of Marc Jacobs, Donna Karan and Etro, Save the Children’s Mary’s Living & Giving shops have stocked up on some of the best cut-price designer examples – offering bargain hunters top brands at amazing value. A selection of these are also available for fashion-savvy bargain-hunters, with coveted accessory brands including Lily & Lionel, Silken Favours and Mercy Delta included in the Handpicked auction as a Buy It Now option.Erica Charles at Mary’s Living & Giving Shop said: “We are privileged to have the support of some of the best known fashion houses when it comes to donating stock to the Mary’s Living & Giving Shops for Save the Children. This means that we in turn can offer our shoppers unrivalled opportunity to buy some of the best value and bespoke designer items around. Some of the scarves that are on offer are exclusive one-off pieces; statement pieces that will take you right through to Spring/Summer next year! There’s no better way to update your wardrobe, and what’s even more exciting, is that you are doing it whilst supporting Save the Children’s work – providing life-saving maternal care for new mums and their babies across the world.”last_img read more