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“I’m of the opinion that the 30, 40 years of growth might not be as good over the next 20 or 30 years.” Data released by the Ministry of Business, Innovation and Employment in November suggests there are 116,719 private residential landlords in New Zealand, with the vast majority – 76.49% – owning one investment property. O’Neill believes that with fewer people owning their own homes, residential property investment is much more susceptible to political intervention. “There’s going to be more negative long-term taxes or rule changes or restrictions placed...

Sam Fox Founder of UK Mortgage Centre Get the latest news delivered to your inbox Sign up for The Manila Times newsletters By signing up with an email address, I acknowledge that I have read and agree to the Terms of Service and Privacy Policy. WARRINGTON, United Kingdom, April 23, 2025 (GLOBE NEWSWIRE) -- A property and mortgage expert has shared the five most common mistakes people make when purchasing a home. Sam Fox, the founder of UK Mortgage Centre, issued his advice as the market gets set to enter...

"The stock market is not the economy" is a common refrain. The thinking goes that while losses in the stock market may hurt Wall Street investors, Main Street is the real backbone of the economy. While that may be true, stocks are an important psychological lever and there is a threshold for losses, beyond which the pain in the market can spill over and hurt consumer spending. That's the thinking that underpins the concept of the "wealth effect," or the idea that rising and falling asset values have a material...

The Metuchen Edison Piscataway Area Branch of the NAACP’s Juneteenth celebration this year has been moved off federal property because of concerns it might violate President Trump's executive order targeting diversity, equity and inclusion.“We at the NAACP are being forced to relocate our annual Juneteenth Festival from federal grounds simply because it could be seen as a DEI initiative and risk retaliation under the Trump Administration's agenda. That's not just unacceptable – it's dangerous," said Reggie Johnson, president of this NAACP branch.The event, originally planned for June 7 at the...

Brannon Potts fell behind on retirement savings, but two books helped him turn his finances around.He says that 'The Millionaire Next Door' and 'Rich Dad Poor Dad' changed his mentality.The books encouraged him to change his strategy and start investing in real estate.Brannon Potts expects to expand his real-estate portfolio from 12 doors to 20 within the next five years.At that point, he'll feel comfortable walking away from his property management company and enjoying an early retirement.The 53-year-old, who builds his rental properties to earn better returns, has put himself...