Israel moves to expand illegal settlement in occupied East Jerusalem located beyond the 1967 armistice line • The Cradle – muunyayo

https://muunyayo.com/2021/10/16/israel-moves-to-expand-illegal-settlement-in-occupied-east-jerusalem-located-beyond-the-1967-armistice-line-the-cradle/

By: Esteban Carrillo

Source: https://thecradle.co/Article/news/2600

An Israeli planning committee approved plans on 14 October to build thousands of homes in the illegal settlement of Givat Hamatos in occupied East Jerusalem.

If built, this would become the first Jewish settlement in 20 years to be built in occupied East Jerusalem, and the first ever beyond the 1967 armistice line.

The announcement came one day after Israeli Foreign Minister Yair Lapid met with US Vice President Kamala Harris in Washington, DC.

The Biden administration has previously spoken out against the expansion of illegal Israeli settlements in occupied Palestine. However, Israeli Prime Minister Naftali Bennet has said multiple times that his government has no plans to stop these expansions.

Experts believe that, once completed, the Givat Hamatos settlement will effectively split the West Bank in half, isolating Palestinians who live in occupied East Jerusalem and making a two-state solution virtually impossible.

EU officials condemned the Bennet administration’s plans for the construction of additional housing units in Givat Hamatos earlier this year, saying that the plan would “undermine the negotiations for a two-state solution.”

The Israeli settlement in Givat Hamatos is located beyond the 1967 Green Line, on lands which were seized from the Palestinian towns of Beit Safafa in the Jerusalem governorate, and Beit Jala in the Bethlehem governorate.

The construction plans approved on Wednesday would effectively cut off Beit Safafa from surrounding Palestinian villages and the rest of Jerusalem.

APRA’s mortgage crackdown catches out hopeful home buyers – ABC News

https://www.abc.net.au/news/2021-10-07/apra-crackdown-on-maximum-borrowing-limit-hits-first-home-buyers/100518444

… this week, the financial regulator announced banks would have to start
demonstrating, from next month, that new borrowers were capable of making mortgage repayments if home loan interest rates rose 3 percentage points above their current rate…

Reserve Bank warns home loan restrictions ‘may be adjusted’ if housing market doesn’t cool – ABC News

https://www.abc.net.au/news/2021-10-08/reserve-bank-fsr-apra-home-loan-mortgage-restrictions/100523400

  • Reserve Bank says new home lending rules may take several months to have an effect on the property market
  • RBA says the current rules are likely to hit property investors and first home buyers slightly harder than other borrowers
  • The
    bank’s Financial Stability Review canvasses additional restrictions
    that may be introduced if the housing market and lending do not slow

House prices surge more than 20pc over the past year, CoreLogic data shows – ABC News

Comment by tonytran2015: Investing in property through companies expose the desperate young Australian investors to frauds and abuse by the management class. Investing in property by otherwise-homeowners is NO solution to the housing crisis.

https://www.abc.net.au/news/2021-10-01/home-prices-surge-more-than-20pc-over-the-past-year-corelogic/100506228

  • The national average home price jumped 20.3 per cent over the past year
  • That is the highest annual pace of growth since the year ending June 1989
  • First home buyers appear to be increasingly turning to property investment as they are priced out of homes they want to live in

Manhattan Apartment Purchases Hit Three Decade High Amid ‘Buying Frenzy’

https://www.nationandstate.com/2021/10/08/manhattan-apartment-purchases-hit-three-decade-high-amid-buying-frenzy/
Manhattan Apartment Purchases Hit Three Decade High Amid ‘Buying Frenzy’ The latest housing data from appraiser Miller Samuel Inc. and brokerage Douglas Elliman Real Estate signals “confidence” has returned to the Manhattan housing market, according to Bloomberg. Third-quarter data shows apartment sales in the borough totaled 4,523, the most in any quarter, dating back to 1989.…

Pandora Papers show mystery foreign investors making it harder for Australians to buy property – ABC News

https://www.abc.net.au/news/2021-10-05/pandora-papers-show-impact-of-mystery-foreign-property-investors/100515630

Australians trying to crack into the property market
are facing the extra hurdle of competing against mystery foreign investors, according to corporate transparency experts and the federal
opposition.

House prices surge more than 20pc over the past year, CoreLogic data shows – ABC News

https://www.abc.net.au/news/2021-10-01/home-prices-surge-more-than-20pc-over-the-past-year-corelogic/100506228

  • The national average home price jumped 20.3 per cent over the past year
  • That is the highest annual pace of growth since the year ending June 1989
  • First home buyers appear to be increasingly turning to property investment as they are priced out of homes they want to live in

How Can Houses Be Unaffordable AND Booming? | The Wentworth Report

https://wentworthreport.com/2021/10/02/how-can-houses-be-unaffordable-and-booming/

How Can Houses Be Unaffordable AND Booming?By John Rubino.

How is it that homes are both unaffordable and soaring in price? As with so many other things that shouldn’t be, the answer can be found at the intersection of Wall Street and easy money. During the previous decade’s Great Recession, hedge funds and private equity firms figured out that they could borrow for next-to-nothing and buy up the houses that banks were repossessing, then rent those houses back to millions of newly homeless Americans for good returns. Combine these positive cash flows with massive recent price appreciation, and those foreclosed houses turned out to be phenominal investments. Now Wall Street is doubling down, using hundreds of billions of essentially free money to outbid individual buyers for whatever houses are still avalable. In some cases investment giants like Blackrock buy up entire neighborhoods at big premiums to the asking price, pushing everyone else out of the market. Hence the disconnect between home prices and family incomes. … Looks like housing is yet another example of how easy money perverts formerly free markets. Where family income used to dictate (and limit) home prices, now the driver is the yield on corporate and asset-backed bonds. The lower those rates go, the higher home prices climb. If individual buyers are priced out, well, they can just rent from Wall Street, on whatever terms our new landlords think is fair.

Steven Saville, on all that “transitory” inflation:

The clue that the price action has monetary roots is in its frequency, that is, in the number of markets that are experiencing huge price run-ups. Each huge price run-up in isolation can be put down to market-specific supply constraints, but when the same thing happens in so many different markets at different times within a multi-year period then we can be sure that the root cause is linked to the monetary system itself. In the current environment, the root cause is the combination of rapid monetary inflation courtesy of the central bank and a huge increase in government deficit-spending.Thanks to the Fed, the supply of US dollars is about 50% greater today than it was two years ago.

House prices jump $52,600 in three months, and the Reserve Bank says it can’t do much about it – ABC News

https://www.abc.net.au/news/2021-09-14/house-prices-jump-52600-in-quarter-and-rba-cant-stop-it/100460068

“Ever-rising housing prices relative to income, I don’t think serves our collective good very well, it’s something that as a citizen I would like to see addressed, but as a central bank we can’t
do anything about,” he said…

…”While monetary policy is contributing to higher housing prices at the moment, the way to address these concerns is through the structural factors that influence the value of the land upon which our dwellings are built.”

The U.S. Supreme Court Just Delivered a Fatal Blow to President Biden’s Unconstitutional Rent Moratorium Decree – Nwo Report

https://nworeport.me/2021/08/28/the-u-s-supreme-court-just-delivered-a-fatal-blow-to-president-bidens-unconstitutional-rent-moratorium-decree/

There’s been another devastating setback for the Biden administration on Thursday. But this time, it’s a win for Americans and the U.S. Constitution.

The Supreme Court on Thursday has ruled 6-3 against the president’s unconstitutional order to freeze rents based on the rationale that the U.S. is still in the midst of a coronavirus pandemic.

In a 6-3 ruling, the nation’s highest court removed the stay on the moratorium issued by a federal judge, who had found the Centers for Disease Control and Prevention’s rent eviction moratorium unconstitutional.

“It is indisputable that the public has a strong interest in combating the spread of the COVID–19 Delta variant. But our system does not permit agencies to act unlawfully even in pursuit of desirable ends,” the Supreme Court ruled.

“If a federally imposed eviction moratorium is to continue, Congress must specifically authorize it,” the ruling continued. “The application to vacate stay presented to the Chief Justice and by him referred to the Court is granted.”

“Upshot of ruling: it isn’t even close. CDC has no authority to issue this rule,” The Economist’s Supreme Court reporter Steven Mazie noted.

The court’s ruling is a victory for a landlord group that has been seeking to block the federal eviction suspension. The cost to property owners was estimated to be around $19 billion a month.

The Alabama Association of Realtors led the plaintiffs against the Centers for Disease Control and Prevention. The legal win has far-reaching implications for the CDC’s illegal claims to authority over U.S. policies that are delegated to the Congress under the U.S. Constitution.