Mortgage applications tank

Mortgage applications tank. USA – The Columbus Day holiday may have closed some lending offices, but rising interest rates are more likely the culprit for weakness in the mortgage market. Total mortgage application volume fell 7.1 percent for the week, according to the Mortgage Bankers Association’s seasonally adjusted report.   Volume was 15 percent lower …

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Expropriation is a contradiction

Expropriation is a contradiction. There is no government in the world that does not possess the power to expropriate the private property of its subjects. Compensation, however, since the dawn of constitutionalism around the world, has always been an inherent requirement. To propose something like expropriation without compensation is absurd; indeed, to expropriate something without …

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Contemporary lifestyle in Killarney

Contemporary lifestyle in Killarney. The picturesque suburb of Killarney, north of Johannesburg continues to be a sought after home location, thanks to its eclectic mixture of architectural styles, and contemporary community lifestyle. Conveniently located just off the M1 freeway with easy access to the Johannesburg CBD and neighbouring suburbs including Melrose, Rosebank, Parktown, Braamfontein and …

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No recession for commercial and industrial development

No recession for commercial and industrial development. Good news for the commercial and industrial property sector. While residential and retail property take a huge knock, Stats SA revealed earlier this month that the star performer during the 2nd quarter of this year has been construction. Despite South Africa slipping into a technical recession, activity in …

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