Finance

Insurance and Taxes Now Cost More Than Mortgages for Many Homeowners
|

Insurance and Taxes Now Cost More Than Mortgages for Many Homeowners

ByAdmin

Soaring costs for home insurance and property taxes are busting homeowners’ budgets.

Insurers have pushed big rate increases because of losses from natural disasters and rising costs to repair homes. Surging home values in recent years, meanwhile, have lifted property taxes for many homeowners.

These ballooning expenses are rewriting the math of homeownership. In September, 32% of the average single-family mortgage payment went to property taxes and home insurance, the highest rate ever for data going back to 2014, according to Intercontinental Exchange.

The AI Frenzy Could Unlock More Money for Clean Energy

The AI Frenzy Could Unlock More Money for Clean Energy

ByAdmin

The world’s biggest investors are tripping over themselves to plow money into the power sector for artificial intelligence. The resulting frenzy could accelerate the energy transition if companies can harness the capital into the right projects.

Private-equity firms KKR and Energy Capital Partners recently agreed to invest a combined $50 billion in data-center and power-generation projects, topping a planned $30 billion fund in the works from BlackRock, Microsoft and a United Arab Emirates state-backed investor.

Other investment titans like Blackstone and Apollo are channeling billions of dollars into data centers and related infrastructure. Blue Owl Capital recently became part of a $3.4 billion joint-venture developing a data center in Texas it hopes to run on wind and solar power.