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Downsizing (property)
Downsizing refers to when a buyer purchases a property which is smaller in size or lower in value than their current home. Reasons to downsize There are multiple reasons why a buyer may want to downsize, such as having less inhabitants in the home, a higher cost in bills or wanting a change of location. An analysis of Finnish households found that downsizing was more appealing to lower income, single-person households. Downsizers valued the presence of services that would enable aging in place. A survey of older Australian families that chose to downsize identified four primary factors contributing to the choice to downsize: a desire for a change in lifestyle, an inability to maintain the home, children moving out of the household, and retirement. Difficulties with downsizing Many people downsizing from a larger property to a smaller one will find their current possessions, appliances and furnishings will be unable to fit in the new smaller home. Some people will find it esp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Australian Housing And Urban Research Institute
The Australian Housing and Urban Research Institute (AHURI) is a national not-for-profit independent network organization that funds, conducts, disseminates, and tailors research on housing, homelessness, cities and urban policy. The organisation's funding is received from the Australian Government, state and territory governments, as well as contributions from partner universities. As the only organisation in Australia dedicated exclusively to housing, homelessness, cities and related urban research, AHURI is a unique venture. Through its national network of university partners, AHURI undertakes research that supports policy development at all levels of government, assists industry in improving practice and informs the broader community. In 2022, AHURI had nine research partners across Australia. Reports Through its National Housing Research Program (NHRP), AHURI publishes around 25 policy research reports each year. The developing National Cities Research Program produces ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Home Equity Loan
A home equity loan is a type of loan in which the borrowers use the equity of their home as collateral. The loan amount is determined by the value of the property, and the value of the property is determined by an appraiser from the lending institution. Home equity loans are often used to finance major expenses such as home repairs, medical bills, or college education. A home equity loan creates a lien against the borrower's house and reduces actual home equity. Most home equity loans require good to excellent credit history, reasonable loan-to-value and combined loan-to-value ratios. Home equity loans come in two types: ''closed end'' (traditionally just called a home-equity loan) and ''open end'' (a.k.a. a home equity line of credit (HELOC)). Both are usually referred to as second mortgages, because they are secured against the value of the property, just like a traditional mortgage. Home equity loans and lines of credit are usually, but not always, for a shorter term than ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Property Ladder
The term property ladder, widely used in the United Kingdom, describes the relative differences in constant terms from cheaper to more expensive housing. According to this metaphor, an individual or a family can progress by stages from more affordable houses (for younger first-time buyers who are typically at the bottom of the property ladder) to expensive houses are at the top. "Getting on to the property ladder" is the process of buying one's first house and holding a place on the property market. The Oxford English Dictionary traces use of the phrase "property ladder" back to 1941 in the journal ''Eugenics''. See also *Real estate bubble *British property bubble *United States housing bubble The 2000s United States housing bubble was a real-estate bubble affecting over half of the U.S. states. It was the impetus for the subprime mortgage crisis. Housing prices peaked in early 2006, started to decline in 2006 and 2007, and reac ... * Priced Out References {{ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Move-up Home
A move-up home is a real estate term used to describe a larger and/or more expensive home that a person moves into from a smaller home. It is implied that as repeat buyers, the customer is more familiar with the real estate process than a first time buyer. In 2012, CNBC highlighted the challenges facing move-up home buyers when they owed more on their current homes than they were worth. Move-up home purchases increase when interest rates are low. See also * Property ladder The term property ladder, widely used in the United Kingdom, describes the relative differences in constant terms from cheaper to more expensive housing. According to this metaphor, an individual or a family can progress by stages from more aff ... * Downsizing (property) References Real estate terminology Neologisms articles with topics of unclear notability Neologisms {{Realestate-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Downshifting (lifestyle)
In social behavior, downshifting is a trend where individuals adapt simpler lives from what critics call the "rat race". The long-term effect of downshifting can include an escape from what has been described as economic materialism, as well as reduce the "stress and psychological expense that may accompany economic materialism". This new social trend emphasizes finding an improved balance between leisure and work, while also focusing life goals on personal fulfillment, as well as building personal relationships instead of the all-consuming pursuit of economic success. Downshifting, as a concept, shares characteristics with simple living. However, it is distinguished as an alternative form by its focus on moderate change and concentration on an individual comfort level and a gradual approach to living.Tracey Smith, 2008 In the 1990s, this new form of simple living began appearing in the mainstream media, and has continually grown in popularity among populations living in industri ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Real Estate
Real estate is property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more generally) buildings or housing in general."Real estate": Oxford English Dictionary online: Retrieved September 18, 2011 In terms of law, ''real'' is in relation to land property and is different from personal property while ''estate'' means the "interest" a person has in that land property. Real estate is different from personal property, which is not permanently attached to the land, such as vehicles, boats, jewelry, furniture, tools and the rolling stock of a farm. In the United States, the transfer, owning, or acquisition of real estate can be through business corporations, individuals, nonprofit corporations, fiduciaries, or any legal entity as seen within the law of each U.S. state. History of real estate The natural right of a person t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Real Estate Terminology
Real may refer to: Currencies * Brazilian real (R$) * Central American Republic real * Mexican real * Portuguese real * Spanish real * Spanish colonial real Music Albums * ''Real'' (L'Arc-en-Ciel album) (2000) * ''Real'' (Bright album) (2010) * ''Real'' (Belinda Carlisle album) (1993) * ''Real'' (Gorgon City EP) (2013) * ''Real'' (IU EP) (2010) * ''Real'' (Ivy Queen album) (2004) * ''Real'' (Mika Nakashima album) (2013) * ''Real'' (Ednita Nazario album) (2007) * ''Real'' (Jodie Resther album), a 2000 album by Jodie Resther * ''Real'' (Michael Sweet album) (1995) * ''Real'' (The Word Alive album) (2014) * ''Real'', a 2002 album by Israel Houghton recording as Israel & New Breed Songs * "Real" (Goo Goo Dolls song) (2008) * "Real" (Gorgon City song) (2013) * "Real" (Plumb song) (2004) * "Real" (Vivid song) (2012) * "Real" (James Wesley song) (2010) * "Real", a song by Kendrick Lamar from ''Good Kid, M.A.A.D City'' * "Real", a song by NF from ''Therapy Session'' * "Re ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
