| two financial transactions take place current currency exchange rate each pays rent to the other. But if A and B are both owner occupiers, no money changes hands, even though the same economic relationships exists; there are still two owners and two occupiers, but the transactions between them no longer go through the market. The amount that would have changed hands had the owner and occupier been different persons is called the imputed rent. The effect of owner occupancy is current currency exchange rate that the imputed rents disappear from measures of national income and output, unless figures are added to take them into account. Government loses the opportunity to tax the transaction. Sometimes governments have attempted to tax the imputed rent (Schedule A of the U.K. income tax used to current currency exchange rate this), but this tends to be unpopular because most people do not understand the concept of imputed rent. In modern economies, variations in the rate of owner occupancy are a good index of the overall wealth of the nation, at least across time within a nation. Between nations, variations current currency exchange rate traditions and in tax regimes make such comparisons hard to interpret. It is widely believed by politicians that owner-occupiers are more likely to vote for parties of the right, and such parties therefore often take steps to encourage home ownership. The Cash-Out Refinance Report current currency exchange rate revealed that properties refinanced during the third quarter of 2005 experienced a median house-price appreciation of 23 percent during the time since the original loan was made, unchanged from the second current currency exchange rate 2005. For loans refinanced in the third quarter of 2005, the median age of the original loan was 2.6 years, one month older than the median age of loans refinanced during the second quarter. Manufactured housing (known in some countries, including the United Kingdom, as prefab housing) is |
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