Finance & Mortgage

UK Bedroom Tax May Drive Residents into Expensive Rentals

The U.K. “Bedroom Tax” which is slated to come into effect from April 2013 might cost the local and council housing association tenants a fortune, while also forcing them to pay more in taxes. However, following constant charges from housing associations and charities, Iain Duncan Smith, U.K. Secretary of State for Work and Pensions has been forced to review the reform.

Real Estate: Short Sales Skyrocketed in 2012

The number of homeowners who resorted to short sales in order to get out from under mortgage debt dramatically increased last year.

Privatizing Long Island Power Authority, Can It Lower Electric Bills For Long Island Families?

Governor Cuomo wants to privatize Long Island Power Authority, LIPA, in an effort to lower electric bills for families, reported WNYC.org.