PPCC: Pisitófilos Creditófagos. Primavera 2024

[Cadavre Exquis]

https://www.pressreader.com/spain/el-economista/20240329/page/47/textview

La transformación del sector de la construcción es imparable

https://www.eleconomista.es/vivienda-inmobiliario/noticias/12740835/03/24/el-ansia-rural-que-desperto-la-pandemia-se-apaga-irse-a-vivir-al-pueblo-es-menos-popular-que-antes-del-covid.html

Saludos.

[Cadavre Exquis]

https://www.eleconomista.es/opinion/noticias/12744412/03/24/que-hay-detras-del-plan-fiscal-catalan-y-los-ataques-a-repsol.html

Saludos.

[senslev]

No se si se puso. Una persona más.

https://www.eldiario.es/catalunya/hombre-suicida-despues-desahuciado-casa-vivia-30-anos-sabadell_1_11234554.html

Álex, de 70 años, se quitó la vida el martes pocos minutos después de ser desahuciado. Los hechos ocurrieron en Sabadell (provincia de Barcelona), el municipio donde él y su pareja compartían un piso que había sido su casa durante las últimas tres décadas. Tras confirmarse su desalojo, el hombre abandonó el domicilio en estado de shock, se dirigió a un parque cercano y se suicidó.

https://www.youtube.com/watch?v=JakYck2cvc0

[CHOSEN]

La vivienda y el suicidio NO son un problema en este país.

[neutron_mortgages]

De hecho no hay ningún problema, excepto Ayuso.

[Centinela]

© Ipsos | What Worries the World March-2024
En PDF
https://www.ipsos.com/sites/default/files/ct/news/documents/2024-03/Global-Report-What-Worries-the-World-March-2024.pdf

WHAT WORRIES THE WORLD?
Ipsos’ What Worries the World survey tracks public opinion on the most important social and political issues across 29 countries today, drawing on over ten years of data to place the latest scores in context.

This global summary report presents the top concerns around the world, alongside whether people think things in their country are heading in the right or wrong direction.

España como promedio, calibre o epítome del pensamiento global.

[sudden and sharp]

 

[Negrule]

Si en la última crisis el reburbujeo fue brutal no me quiero imaginar como será cuando empiecen a bajar los tipos de interés, teniendo en cuenta que se parte de una situación muchísimo mejor que entonces en lo que respecta a los factores que hacen que la vivienda suba; inmigración, turismo, mercado laboral etc.

https://www.eleconomista.es/vivienda-inmobiliario/noticias/12744430/03/24/las-ventas-de-vivienda-de-obra-nueva-crecen-en-la-antesala-de-una-bajada-de-tipos.html

Saludos.

[sudden and sharp]

Hacienda traslada a Eurostat que España cumplió su objetivo de déficit y finalmente cerró 2023 en el 3,64% del PIB
https://www.elmundo.es/economia/macroeconomia/2024/03/27/66044100fc6c833b4e8b45a9.html
Mejora la previsión de 3,9% comprometida con la Comisión Europea y también, levemente, el dato del 3,66% adelantado por Montero







 

[Derby]

https://twitter.com/financialjuice



https://www.bloomberg.com/news/articles/2024-03-29/powell-says-latest-inflation-data-in-line-with-expectations

Powell Reiterates Fed Doesn’t Need to Be In Hurry to Cut Rates

Fed chief says PCE inflation data ‘in line with expectations’
Says inflation will continue to ease on ‘sometimes bumpy’ path

Federal Reserve Chair Jerome Powell repeated that the US central bank isn’t in any rush to cut interest rates.

“We don’t need to be in a hurry to cut,” Powell said Friday at an event at the San Francisco Fed.

Fresh inflation data released earlier is “pretty much in line with our expectations,” he said. But Powell reiterated it won’t be appropriate to lower rates until officials are confident inflation is on track toward their 2% goal.

“It’s good to see something coming in in line with expectations,” he said, adding that the latest readings aren’t as good as what policymakers saw last year.

The Fed’s preferred gauge of underlying inflation cooled last month after an even larger increase than previously reported in January, government data released Friday showed. The core personal consumption expenditures price index — which excludes volatile food and energy costs — rose 0.3% in February after climbing 0.5% in the previous month, marking its biggest back-to-back gain in a year.

Powell said officials expect inflation to continue falling on a “sometimes bumpy path,” echoing remarks he made following the Fed’s last policy meeting earlier this month.

Fed officials held short-term interest rates at a more than two-decade high at that meeting, and a narrow majority penciled in three rate cuts for 2024.

Powell said at the time that it would likely be appropriate to ease policy “at some point this year.” But he and other policymakers have made clear they’re in no rush given the underlying strength of the economy and recent signs of persistent price pressures.

Inflation Cooling

Inflation has eased substantially from a 40-year peak reached in 2022, decelerating at a particularly fast clip last year. That progress appeared to stall in January and February, with a pickup in consumer price growth.

Meanwhile, the US economy has remained resilient despite high interest rates. Inflation-adjusted consumer spending topped all economists’ estimates in February, and employers are still hiring workers at a robust clip. Data out earlier this week showed economic growth in the fourth quarter was stronger than originally thought.

Although Fed officials’ median projection for three rate cuts this year was unchanged from December, nearly half forecast two or fewer rate reductions in 2024. Most policymakers have said they want to see further evidence that inflation is coming down toward their 2% goal before making their first move, which investors now expect in June.



Powell said Friday an unexpected weakening in the labor market could warrant a policy response from Fed officials, but said he doesn’t see the possibility of a recession as elevated at this time.

Governor Christopher Waller, an early proponent of raising rates high and fast to contain price pressures, said Wednesday that disappointing inflation data from the start of the year means policymakers may need to keep rates elevated for longer than previously thought or even reduce the overall number of rate cuts.

But Powell and his colleagues have also said they expect inflation progress to be bumpy, and don’t need to see it hit their target before they start lowering borrowing costs.

As inflation declines, elevated rates are putting more pressure on the economy, and some policymakers reason it may be appropriate to lower them soon to avoid unduly harming the labor market.

[Derby]

https://www.devdiscourse.com/article/politics/2873011-us-to-cap-rent-raise-for-some-affordable-housing-units-washington-post-reports

US to cap rent raise for some affordable housing units, Washington Post reports

The administration of U.S. President Joe Biden will soon announce a new cap on how much rents can go up in certain affordable housing units that are subsidized by the federal government, the Washington Post reported on Friday, citing officials.

Under new regulations to be announced on Monday, yearly rent increases will be capped at 10%, the newspaper reported.

[Derby]

https://www.washingtonpost.com/business/2024/03/29/biden-rent-housing/

Biden administration to cap rent increases for some affordable housing units

The move was hailed by tenant advocates and criticized by others in the housing industry

The Biden administration is set to announce a new cap on how much rents can go up in certain affordable housing units that are subsidized by the federal government.

The move, hailed by tenant advocates and criticized by other housing experts, limits the amount property owners can raise rents if they are part of a tax credit program for low-income housing. Under new regulations to be announced on Monday, yearly rent increases will be capped at 10 percent, according to senior administration officials.

Some economists estimate the measure could apply to more than a million homes.

Yet experts suggest the impact could be limited because, already, very few units are eligible for double-digit rent increases. To receive funding from the Low-Income Housing Tax Credit, which is the largest federal affordable housing production program, developers have to commit to certain affordability rules. And they must abide by terms that make it difficult for rents to climb 10 percent in a year. The new cap, however, ensures that in those rare situations, there’s still a ceiling.

Initial reactions were mixed. Some housing experts raised concerns that the cap, even at a high level, will discourage developers from building more affordable housing units, especially when costs are already steep.

“You’re discouraging the creation of supply,” said David Dworkin, president and chief executive of the National Housing Conference. “At a time when insurance costs are skyrocketing, and the fixed cost of building is already high … how many different ways are we going to make it harder to build an affordable unit?”

Yet tenant advocates, including those who have criticized the White House for not being more aggressive on rent costs in the past, applauded the decision. Tara Raghuveer, director of the National Tenant Union Federation, said her focus wasn’t on the specific 10 percent cap. Her takeaway is the administration sending a broader signal that federal funding and tenant protections can go hand-in-hand.

“This is a historic win that will protect millions of tenants against rent gouging and stabilize them in their homes,” Raghuveer said. “The Biden administration should expand such protections to federal financing — the biggest subsidy for multifamily housing in this country.”

The announcement comes weeks after Biden proposed a slew of new housing initiatives ahead of his State of the Union address, and as housing persists as one of the most fraught parts of the U.S. economy. Decades of underinvestment has lead to a shortage of millions of homes. And while many new houses and apartments are slated to finish construction this year, economists worry that those offerings skew toward the higher end of the market and won’t immediately solve affordability challenges.

The Biden administration has targeted different slices of America’s housing market. Some of those initiatives target supply, like a commitment to build and preserve 2 million homes. Other proposals try to help middle-class first-time buyers.

Then there are rents, which surged during the pandemic and are still a main driver of inflation. Real-time data shows rent dropping in major cities nationwide. But that hasn’t stopped monthly costs from taking up a large share of Americans’ budgets, especially for lower-income tenants.

Basically, most people agree more housing is key to a solution. The Department of Housing and Urban Development, plus senior administration officials, said supply won’t take a further hit because of the new cap. Plus, HUD routinely looks at income and housing data to determine how rents should be priced.

“We’ve seen no evidence that this limitation — even those much lower than 10 percent — have limited the supply of new affordable housing nationally,” HUD spokesman Zachary Nosanchuk said in a statement.

But Sharon Wilson Géno, president of the National Multifamily Housing Council, said just because it has been rare for rents to climb 10 percent in the past, that may not always be the case. Upheaval in the housing sector, high inflation and changes in the labor market make it hard to apply previous trends to this new economy.

“The shortage of housing in this country is acute, and it has finally all caught up with us,” Wilson Géno said. “While there may be some history there, you can’t necessarily rely on that history moving forward.”

[Derby]

https://www.ft.com/content/838eeb4e-3bff-4693-990f-ff3446cac9b2

Why family-friendly policies don’t boost birth rates

Direct financial incentives are defeated by much stronger social trends

(...)Analysed across all rich countries, birth rates are no higher among those where childcare is fully subsidised than those where parents pay eye-watering fees — the link between births and total spending on family-friendly policies is negligible. This often prompts head-scratching, but it should not. Unsurprisingly perhaps, the decision on whether to have children, and how many if so, turns out to be about far more than money.

To be clear, family-friendly policies can have other positive impacts on individuals and on society. They make it easier for those who have already chosen to have children to juggle family and work. They alleviate child poverty. But when it comes to the heavy lifting on birth rates, culture is far more powerful than policy, often exerting its influence several steps before the point at which childcare costs might become a serious consideration.



There are a number of distinct but related factors at play. First is the rapid rise of so-called helicopter parenting. In their 2019 book, Love, Money, and Parenting: How Economics Explains the Way We Raise Our Kids, Matthias Doepke and Fabrizio Zilibotti theorise that the realisation a comfortable life has become impossible to attain without a top-quality education has sparked intense status competition between parents. They feel compelled to invest huge amounts of time and effort into optimising their kids’ upbringing. This may have become a deterrent.

In 1965, mothers of young children in developed countries spent an average of just over an hour a day doing activities with their kids. By 2018 that had risen to three hours, and in Korea approaching four. Korea’s fertility rate has plummeted to 0.72, while in France, where parenting is much less hands-on, birth rates have held up well and now stand at 1.8.



The second big factor is shifting priorities for young adults. In 1993, 61 per cent of Americans said having children was important for a fulfilling life, but Pew Research now puts the figure at 26 per cent. A study last year by Lyman Stone, a demographic economist and senior fellow at the Canadian think-tank Cardus, shows that the competing priorities that most erode birth rates among young women are the desires to grow as a person and to focus on their career. Worries over the demands of helicopter parenting also rank high — childcare costs come in at a lowly 14th place.

But just as significant as any individual concern is the sheer amount of anxiety among young adults today. Two pieces of further research from Stone show that the more worried a prospective young mother is, the fewer children she intends to have. Combined with the fact that under-30s in western Europe, east Asia and the Anglosphere are more anxious and stressed than their elders, this may well push birth rates even lower.



Finally, and arguably most importantly, the share of young adults in the west living as a couple is in decline. As social scientist Alice Evans writes, with women increasingly able to support themselves financially, one traditional reason for partnering up has been eroded. This helps explain why the most recent part of the downward trend in births has been driven not by people deciding to have two children instead of three, but by a rise in the share deciding not to have any at all.

Birth rates in liberal, developed countries look exceptionally unlikely to return to replacement level any time soon. If they miraculously do so, it will most likely be due to broad social and cultural shifts, not policy. There’s nothing wrong with governments pursuing family-friendly packages for other reasons but if they’re fretting about ageing and shrinking populations, then they need to find other solutions.

[Derby]

https://www.businessinsider.com/housing-market-recovery-outlook-mortgage-rates-lock-supply-rebound-jpmorgan-2024-3

The housing market is thawing as an increasing number of 'mortgage lock' homes go up for sale, JPMorgan says

*The housing market looks to be gradually approaching a recovery.
*A growing number of mortgage-locked homes are going up for sale, JPMorgan said.
*Existing home sales, meanwhile, jumped nearly 10% in February.

The housing market looks like it's starting to thaw, thanks to a growing number of mortgage-locked sellers who are opting to put their homes on the market anyway, according to JPMorgan Asset Management.

The bank pointed to the "mortgage lock-in" effect, a phenomenon where existing homeowners are hesitant to sell their properties because they're looking to cling onto the lower rates at which they financed their homes years ago. That reluctance slowed housing activity for most of 2023, with home sales plunging 18.3% last year, according to Redfin.

But home sales have ticked higher in recent months — a sign that the lock-in effect could be easing its grip on prospective sellers, the bank said. Existing home sales jumped 9.5% in February, while existing home inventory rose 5.9% from the prior month, according to data from the National Association of Realtors.

Homeowners could now be more willing to dip into the housing market, as many are realizing high mortgage rates aren't going away anytime soon, real estate economists have said. That's adding some much-needed inventory to the market, which is also being supplemented by a new housing supply in the works: There are around 1.6 million homes currently being constructed, JPMorgan estimated. Meanwhile, housing completions jumped to 1.7 million in February, 15.6% higher than what they were last year, Census data shows.

"The housing sector was one of the hardest hit areas of the economy when the Fed began raising rates, but there are signs activity has turned a corner, JPMorgan strategist Stephanie Aliaga said in a note on Thursday.

That spells good news for homebuyers, who have been challenged by the imbalance of supply and demand for the last few years. Buyers have fewer options than they did in the past, and the lack of inventory has also pushed up home prices, with the median US home costing $412,227 in February, Redfin data shows.

Still, a recovery for the housing market will likely be "gradual," Aliaga said — similar to the view of other real estate economists, who say that it could take years for supply to fully catch up with demand. Researchers from the Federal Housing Finance Agency recently warned that the mortgage lock-in effect could linger for years to come, barring a sudden drop in mortgage rates.

[asustadísimos]

ESTAMOS ANTE EL OCTAVO DÍA.—

La sedición es una rebelión descafeinada.

Hoy se conmemora el ajusticiamiento por crucifixión de Jesús de Nazaret, rabino heterodoxo, sedicioso a los ojos del imperio, pero rebelde a los del radicalizado poder local, cuyo afán era complacer a aquél, aunque estaba infestado de anarquistas.

Infestación es una infección, no de virus o bacterias, sino de piojos o garrapatas.

Vean por qué Jerusalén ha de tener un estatuto autonómico especial en el próximo Estado Único —nada de 'Dos Estados'—, en ese país medio desierto, medio fértil que tiene dos nombres, Palestina e Israel ^(*):

Ejecución de la pena de muerte y generación del pañolón de Oviedo durante el descendimiento (vaciado por la nariz de la sangre pulmonar causada por Longinos)


Enterramiento provisional en la tumba de los 'De Arimatea' y generación de la 'síndone' de Turín


Templo de Venus, en la época de Adriano


Constantino ordena edificar un nuevo templo, tras haber descubierto su madre, Elena, la 'vera' cruz, a la que pertenece el fragmento de Santo Toribio de Liébana, el mayor que se conserva


Situación del templo en las Cruzadas


Hoy


Edículo del Santo Sepulcro, hoy

Localización del Santo Sepulcro, en relación con la Explanada de las Mezquitas y el Muro de las Lamentaciones (Google Earth):

Jesús y sus seguidores fueron apresados al pie del Monte de los Olivos, a la derecha de la imagen. Era pascua judía y corría sangre de corderos. Fueron retenidos en una suerte de comisaría, en el monte Sion, antigua fortaleza del rey David, a la que se llega ascendiendo por una gran escalinata —como la de Odessa-Potemkin—, escalinata que aún está en uso. Finalmente, los cabecillas fueron conducidos a la fortaleza romana, al norte de la explanada del templo, a caballo de la actual muralla, para ser juzgados. De ahí arrancaría el 'via crucis'. A mitad de traslado del travesaño de la cruz en que la iba a morir estaba Verónica, que consiguió una fotografía de contacto, el velo que se conserva en la basílica de San Pedro, en Roma, ni en Jaén ni en Campello, Alicante, aunque toda reliquia, incluso las auténticas, tiene su razón de ser.

Lo importante es que murió un viernes, avanzada la tarde, es decir cuando los judíos ya no pueden ni apretar los botones de un ascensor (sí, así es). Quien fuese llevó deprisa el cadáver a la tumba cedida por los 'De Arimatea' —que pudieran haber cobrado un alquiler, qué se yo— y se fueron a comer su cocido sin cerdo (chólent). Cuando pasara el 'sabbat' (séptimo día), darían el enterramiento definitivo. Y 'El Octavo Día':

Algunos no entienden que el enemigo del popularcapitalismo —y sus juegos de dinero-sin-trabajar— es el Capital, que se dispone a resucitar. Su viernes fue a mediados de los 2000. Su sábado ha sido el reburbujeo-para-desagüe y consiguiente catacrack. Es hora de la tumba vacía y posterior inundación del espíritu santo de la planificación y la moneda y fisco fuertes estables.

Estamos ante el octavo día.
___
^(*) Palestina no es una nación. Es un topónimo. En cualquier territorio que llamáramos Palestina —Franja de Gaza— hubo 'judíos' (Abraham, s. XX a. C.) antes que filisteos. Estos datan del s. XII a. C. El arabismo, evidentemente, es muy muy posterior (Mahoma, s. VII d. C.). Actualmente, los judíos gustan de decir que hay cuatro tipos de palestinos: los de 'Judea', los de 'Samaria', los de Gaza y los del exterior. El mal llamado pueblo palestino está en guerra civil interna, todos contra todos.