Sunday, March 17, 2019

The Most Expensive 5 Cities in the World in terms of Real Estate Prices

Increased investment in real estate has led to a record rise in house prices, which may restore memory to 2009 when the property market peaked, according to World Finance magazine.

The world has experienced an economic recession due to the subprime mortgage crisis, which has led to quantitative easing policies and reduced interest rates and mortgages over the years, but increased investment in the real estate sector has led home prices to rise again to record highs.

However, with global economic growth expected to slow in 2019, house prices are starting to fall again, raising fears that the real estate market will peak and the recession will hit again.

According to the results of the 2019 Global Housing Costing Survey, Hong Kong came first as the lowest city in which individuals can afford to buy homes.

The survey is based on the lowest cities where individuals can afford their household income on the average household income in major property markets: Canada, the United States, Hong Kong, Singapore, Australia, New Zealand, the United Kingdom and Ireland. The following are the 5 most expensive cities in the world. Where property prices for 2019.
  • San Jose: 
San Jose is located south of San Francisco Bay, and house prices have risen thanks to the success of the Silicon Valley on the western edge of the city.

While businesses regularly buy houses in San Jose - benefiting from low interest rates - the low-income population spends about 62 percent of their rent on apartments.The price of a family home in Santa Clara County near San Jose could reach $ 1.2 million, making the average citizen unable to afford housing.

  • Melbourne:

Although Melbourne is Australia's fastest growing city, it is experiencing a domestic price decline, but the cost of living is still relatively high compared to other countries.

Australia's population tends to large independent homes, exacerbating the housing problem, yet low interest rates over the past six years have made housing demand soaring.

  • Sydney:

Sydney, Australia - Home prices in Sydney rose by 20% between 2016 and 2017, but recent reports indicate that house prices in Australia fell by 4.8% in 2018. Deutsche Bank said the probability of the collapse of the property market in Australia is one Of the major risks that may affect the global economy.

House prices in Sydney alone fell by 11.1%, yet Sydney's cost of living is still 11.7 times higher than its average income, due to the large concentration of urban population.

  • Vancouver:
Vancouver, Canada, has seen a surge in foreign investment, especially from China, largely because the laws are ineffective. Real estate agents have found fines for irregularities to be disproportionate to the large commissions they receive from real estate transactions.

Vancouver, like Hong Kong, has become a haven for money laundering by the wealthy in China, where China is now facing an anti-corruption campaign that is affecting all people, including the richest and influential, so there are thousands of people looking for a safe place to put their money.

  • Hong Kong:

The government owns all of Hong Kong's land and earns 27 percent of its revenue from the sale of land. The sale of some land in auctions has reached $ 2.2 billion, leaving few wealthy businessmen dominating the sector.

Although the property market in Hong Kong saw an increase in prices for 28 consecutive months, house prices started to decline since July 2018.

The US-China trade war and the high cost of mortgages have led to a drop in investor confidence. In addition, a tax on built-up property vacancy is expected and will encourage developers and property owners to sell, increasing the number of available homes.

Tuesday, March 5, 2019

Disputes with PayPal ?

  • What is PayPal?
PayPal  is platform for payment method ( Buying/Selling and other services ) they use encryption software to allow people to make financial transfers between computers. it just simple idea has turned into one of the world's primary methods of online payment.  PayPal is also of the secure as possible for our customers.
  • Disputes When buyers file a complaint through PayPal :
If buyers have a problem with a transaction, they can bring it to the seller’s attention by opening a dispute in our Resolution Center. 

The dispute process is an opportunity to resolve issues before they become escalated to a claim. It’s in a seller’s best interest to work with the customer to resolve the dispute. 

This is a seller’s chance to use great customer service to solve an issue and help prevent it from growing into something larger.
  • Why do disputes occur?
 A buyer may file a dispute for two different reasons:
  • Item Not Received:
In this case, the buyer is claiming they ordered and paid for an item but didn’t receive it.
  • Significantly Not As Described:
In this type of claim, the buyer is stating 
the item they received is significantly different than they expected, based on the seller’s description. For instance, maybe the buyer ordered a red sweater but received a blue one instead.
  • Item is damaged:
Claim compensation if an item or product causes damage. If an item causes damage to your property through no fault of your own, you may have a legal right to claim compensation (also known as claiming  damages )
  • How will I know if a dispute is filed against me?
If a dispute is filed against you, you’ll receive an email about it and a case will be created in the Resolution Center. The Resolution Center is a secure communication channel in the My Account section where buyers and sellers can work together to resolve disputes.
  • How do I escalate a dispute to a claim?
 If you can’t resolve a dispute with a buyer, you may feel the need to escalate it to a claim. To do so:
  1. Log in to your PayPal account.
  2. Go to the Resolution Center. 
  3. Click View next to the dispute you want to escalate.
  4. Click Escalate this dispute to a PayPal claim near the bottom of the page.
  5. Follow the instructions. 
  6. Click Escalate to a claim.
Note: if you did not response to buyer PayPal will account this against and case will be close to the buyer side. so please make sure about every steps you take when you planing of selling online products using PayPal method payments.

Monday, March 4, 2019

How To Start Successful Business

  • Set a Budget:
 An individual is advised to prepare a budget before starting a project. The budget helps to understand the nature of the work, the ways in which it contributes, and the actual costs that must be met for the completion of the project. 

Examples of these costs are supply costs, labor costs, equipment, etc. Costs contribute to keeping the project on track and costs can be kept under control by tracking payments to suppliers and compensating employees for overtime when they fail or neglect to work.
  • Set a higher limit for expectations:
An individual can succeed in his project as long as his plan and expectations are reasonable from the start. If an individual's expectations are not within the limits of reason and reason, he can lead to his failure in the project.

  • Use project management systems:
The individual should use project management systems, such as the PERT program, where the program minimizes the project to individual tasks, tracks completion, and also creates a path for tasks to be accomplished on time, identifying problems, and taking action Corrective to return to the path of achievement.
  • Use the stimulation and reinforcement method:
 When a business should promote it properly, it can be promoted through social media, presentations, motivations that encourage people to turn to the product or project, as well as the use of reinforcements that encourage employees to continue working by offering them rewards.
  • Good communication with people:
The individual is advised to be friendly in dealing with people, and accurate in informing them about the financial matters related to the product, or the project to earn their trust, and the dissemination of ongoing updates throughout the duration of the project, and even when it ends.
  • Project Evaluation:
The evaluation of the project helps identify the positive results and errors that have occurred in the project. This assessment can be utilized by avoiding the same mistakes in future projects.

Thursday, February 28, 2019

Average time to save up for a house? First Home

It could take as little as zero years.
Hear me out. There are those who insist that one has no business buying a home until and unless they can put at least 20% down. The rationale behind this is that getting a loan for no more than 80% of the property’s value will avoid mortgage insurance and will keep the payments lower, since the loan will be smaller.
There are those who say that you should never pay more than 25% of your take-home pay on a house—and that you should get only a 15-year loan, so that you “own your home sooner.”
While I can respect different points of view with respect to debt, many of these well-meaning people give advice that is in many cases harmful.
Let’s start with the 20% down idea. While it’s true that lenders require the borrower to pay mortgage insurance if the loan is more than 80% of the home’s value, mortgage insurance is temporary in most cases. As soon as a homeowner can prove that the loan is 80% of the home’s value or less, the lender will drop the requirement for mortgage insurance.
The cost of mortgage insurance varies according to the loan-to-value ratio and the borrower’s credit score. A 90% loan will have a rate of .42% for a borrower with a 740 credit score. The premium goes up to .63% for a 95% loan.
Home prices are increasing in most areas of the country. If the rate is, say, 4% per year, that means that a home being offered for $400,000 today will bring about $416,000 a year from today. A buyer putting 5% down would pay about $200 a month in mortgage insurance. They’d be able to drop the insurance after about three years, at a total cost of $7,200. The home would have appreciated by nearly $50,000 over that time.
A hopeful buyer trying to save a large down payment (and don’t forget about closing costs) is not only fighting appreciation, but also income taxes on the money they’re trying to save and inflation. Even at today’s low inflation rates (below 2%), those two factors present a considerable headwind to even the most dedicated and thrifty saver.
Because home ownership is such an integral part of the American Dream, many states and communities have created programs to help first time buyers. Here in my state, California, for instance, the California Housing Finance Agency (CalHFA) offers programs that help with both down payment and closing costs. A first-time buyer of modest means can buy a home with little or no cash.
Other states have similar programs.
I think the question to ask is not so much, “How long does it take to save up for a house?” but rather, any of the following:
  • Do I earn enough income that I can qualify for the home I’d be willing to live in?
  • Are my overall finances under control? By that, I mean are the monthly payments to service other debt—car loans, credit cards, student loans, etc.) at a modest level? Lenders look at monthly debt payments along with the proposed house payment when they evaluate a loan application. The total house payment plus other monthly debt service cannot exceed 50% of the gross monthly income.
If you live in an area that offers support for first-time buyers, it is far better to buy sooner than later.