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Home Owners News Archive 01-Jun-2008

Soaring interest rates hit South African home owners (Calcutta News)House repossessions in South Africa will triple in the next few months if cash-strapped consumers are hit with another interest rate hike. This comes after Reserve Bank governor Tito Mboweni this week hinted he might raise the interest rate by 200 basis points next month.

Off the Grid, but Plugged In (New York Times)For some second-home owners getting away from it all means escaping everyday stress by living life more or less unplugged.

Foodies on the Hudson (New York Times)The epicurean standards of second-home owners, many of whom are from New York, have raised the bar for restaurants in the Hudson Valley.

Louisiana Nursing Home Owners Likely To File Lawsuit Against State For Lower Medicaid Rate Increase In 2009, Health ... (Medical News Today)Louisiana Department of Health and Hospitals Secretary Alan Levine on Friday said that the state likely would face a lawsuit from nursing home owners if Medicaid cuts approved by the state House are not restored, the New Orleans Times-Picayune reports (Moller, New Orleans Times-Picayune, 5/24).

A Hudson Valley Dining Tour (New York Times)The epicurean standards of second-home owners, many of whom are from New York, have raised the bar for restaurants in the Hudson Valley. Restaurants like the Red Barn in Ghent take advantage of local products.

Fresh Distractions for Housing Daydreamers (US News & World Report)Trulia.com launches a new tool allowing housing fans to page through home photos across the U.S.

Brush fire relief fund established (WINK TV Southwest Florida)The Home Owners Association of Golden Gate Estates has partnered with Commissioner Jim Coletta and the Florida Community Bank to establish the "Estate Fire Relief Fund."

Home owners get subpar upgrades (ABC11 Raleigh-Durham-Fayetteville)A manager for a home builder that installed inadequate fire walls in more than 100 town houses in Guilford and Forsyth counties says the oversight was an "honest mistake," not an attempt to cut costs.

Economy may cool summer vacation home rentals (Pioneer Press)Overleveraged second-home owners could run into trouble this summer if they attract fewer renters to their properties.

Upgrades Offered To Local Home Owners With Subpar Fire Walls (WXII-TV Winston-Salem)GREENSBORO -- A manager for a home builder that installed inadequate fire walls in more than 100 town houses in Guilford and Forsyth counties said the oversight was an "honest mistake," not an attempt to cut costs.

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