Liqian Ma, wife of billionaire Forrest Li, founder of the Southeast Asia’s largest internet company Sea, is set to acquire a US$31 million bungalow on Singapore’s Gallop Road, near the Botanic Gardens, Bloomberg reported. - VnExpress International
The real estate market, a crucial part of the American economy, is currently facing uncertain and troubling times. Recently, Jamie Dimon, the influential CEO of JPMorgan Chase, sent a warning that caused great concern and unrest within the industry. He has outlined a worst-case scenario that could shake the very foundations of the housing sector. Jamie Dimon has warned that the real estate market could face a severe downturn due to rising mortgage rates, persistent inflation, and economic challenges. As one of the largest mortgage lenders in the U.S., JPMorgan Chase's role lends weight to Dimon's expert opinion, which could have far-reaching consequences for homeowners, investors, and the broader economy.
At this point, it’s common knowledge that many Americans are having difficulties affording new houses. In fact, the housing market has become so challenging that even existing homeowners can sympathize, as many say they wouldn’t be able to afford their own home if they had to buy it today.
Rob Carrick says focusing strictly on newly built homes reduces the risk that opening up 30-year mortgages to more buyers will stoke demand and push prices higher
Enzo is the CEO of Lugen Family Office, CEO of Medici Family Office, a best selling author, and a social entrepreneur. Enzo is the most trusted Consigliere to several UHNW families and a sought after speaker.
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