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Keyword: rent

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  • Seattle Nonprofit Landlords Face Huge Losses. Tenants Conditioned To Not Pay Rent.

    04/23/2024 6:22:10 AM PDT · by AbolishCSEU · 15 replies
    youtube.com ^ | 4/23/24 | Real Estate Investing and Landlord News
    Nonprofit on boards in the city of Seattle are facing huge bosses because tenants in the city are not paying rent. Following the pandemic eviction moratorium, a lot of tenants became used to someone else paying their bills for them and continue to not pay to this day. This has hurt the revenue of the nonprofits
  • Why are housing advocates furious over ‘Good Cause Eviction’ bill as adopted in (NY) state budget?

    04/22/2024 5:49:26 PM PDT · by AbolishCSEU · 5 replies
    fingerlakes1.com ^ | 4/22/24 | Edwin Viera
    New York State housing advocates say they are furious about the so-called “good cause eviction bill” in the new state budget. It grants tenant protections to people in New York City but all other municipalities will need to opt in. It also requires renters to know their landlord’s portfolio to determine eligibility for “good cause” eviction protections and the information can be hard to find. Ritti Singh, communications organizer for the group Housing Justice for All, said previous iterations would have balanced tenant and landlord interests. “What it required landlords to do was to show they had a valid cause...
  • People Who Rent Will Decide the 2024 Presidential Election

    04/21/2024 9:38:16 PM PDT · by SeekAndFind · 28 replies
    Mish Talk ^ | 04/21/2024 | Mike Shedlock
    Immigration won’t decide the election. Polls have not yet captured what will. This may come as a surprise, but the top issue housing. More explicitly, it’s shelter costs.The EconomyThe economy is a very broad category that encompasses inflation, jobs, unemployment, wages, rent, and housing.Other polls split the economy in various pieces, such as inflation and jobs. Not a single poll mentioned housing specifically.Q: What is it that young voters really have on their minds? A: RentThe CPI Rose Sharply in March Led by Shelter and GasolineThe CPI rose 0.4 percent in March. Rent was up another 0.4 percent with gasoline...
  • Governor Polis signs ‘for cause’ eviction bill into law (Colorado)

    04/21/2024 6:20:07 AM PDT · by AbolishCSEU · 16 replies
    kiowacountypress.net ^ | 4/20/24 | Sara Wilson
    (Colorado Newsline) Colorado landlords will now need a specific reason to evict or not offer a lease renewal to a tenant under a new law signed by Democratic Governor Jared Polis on Friday. It is a victory for tenants-rights organizers and progressive legislators who seek to include renters in the conversation about how to address the state’s housing and affordability issues. Colorado is the sixth state to enact such a policy. “Everybody here wants to prevent unnecessary evictions and save families money. And House Bill 1098 does these things while placing no financial burdens on landlords. This is the right...
  • Denver migrants, advocates complain six months of free rent is ‘insufficient’: ‘Slap in the face’

    04/19/2024 1:54:46 AM PDT · by Libloather · 32 replies
    NY Post ^ | 4/18/24 | Chris Nesi
    A housing advocacy group is slamming Denver’s new Asylum Seekers Program as “insufficient” and “a slap in the face,” even staging a protest to voice their disapproval — as the city spends tens of millions of dollars on migrant aid and slashes its emergency services budget to stave off insolvency in the wake of the influx. The surge of new arrivals has thrown the Mile High City’s city’s budget into a tailspin. More than 40,000 migrants have found their way to Denver since December 2022 — more per capita than any other US city — at a total cost of...
  • Michigan Gov. Gretchen Whitmer Faces Backlash for Migrant Rent Program After Illegal Was Charged with Murder

    03/28/2024 1:02:42 PM PDT · by ChicagoConservative27 · 11 replies
    Breitbart ^ | 03/28/2024 | WARNER TODD HUSTON
    Michigan’s Democrat Gov. Gretchen Whitmer is facing backlash for her rent subsidies for illegals program after an illegal border crosser allegedly murdered a woman. A previously deported illegal alien, identified as Brandon Ortiz-Vite, was arrested and charged with the murder of 25-year-old Ruby Garcia in Kent County, Michigan. The illegal from Mexico was charged with felony murder, open murder, carjacking, carrying a concealed weapon, and felony possession of a firearm for the March 22 incident. Ortiz-Vite stands accused of murdering Ruby Garcia and leaving her body beside the road on U.S. Highway 31.
  • Vigilantes show up to evict ‘squatters’ at Queens home where owner was arrested - as neighbors reveal THREE people have been living there for free and carrying out work inside

    03/21/2024 12:40:57 AM PDT · by KingofZion · 20 replies
    The Daily Mail ^ | March 19, 2024 | Ruth Bashinsky
    Two vigilantes have showed up to evict three brazen squatters who are living at a New York City home after its owner was arrested after she tried to remove them. Adele Andaloro inherited her family's home, located in Flushing, Queens, but she was left aghast when squatters moved into her childhood home last month. Andaloro confronted the squatters herself - and was subsequently arrested when one of the men inside called the police on her for changing the locks. The furious homeowner, who had been in the process of selling the home, said: 'I'm really fearful that these people are...
  • What My 10,000 Tenants Tell Us About The Economy

    03/11/2024 10:02:31 AM PDT · by Paul R. · 25 replies
    Ken McErloy on You Tube ^ | Mar 9, 2024 | Ken McErloy
    Ken McErloy dives deep into the economic landscape of 2024, drawing comparisons to the 2008 financial crisis through an analysis of over 10,000 tenants across the United States. He discusses the realities of inflation, unemployment, and the housing market, revealing the pressures on the average American's financial stability and lifestyle adaptations in the face of economic headwinds.
  • Denver property owners are being asked to rent to migrants

    03/07/2024 6:18:33 AM PST · by ChicagoConservative27 · 90 replies
    NY Post ^ | 03/07/2024 | Nicholas McEntyre
    Property owners in Denver are being asked to rent their places out to migrants as the Colorado city shuts down four public-run shelters. The Mile High City’s migrant services issued an email this week to property owners in the area seeking assistance in housing the city’s “newcomers” to get them out of shelters and into more stable housing. “We put out a feeler to all the landlords we have connections with,” Jon Ewing from Denver Human Services told KDVR. “Basically said, listen, we’re going to have some newcomers who are going to need housing.” The department’s email gauged the rental...
  • Nolte: 19,000 Single Family Atlanta Homes Owned by Three Corporations

    03/06/2024 11:59:14 AM PST · by ChicagoConservative27 · 31 replies
    Breitbart ^ | 03/06/2024 | John Nolte
    Three corporations own 19,000 homes in the metro Atlanta area. “A recent study by Georgia State University researchers found that three corporations own more than 19,000 homes in Atlanta’s five metro counties,” WSB-TV in Atlanta reports. The study found that “Invitation Homes, Premium Partners (which operates Progress Residential), and Amherst Holdings (which operates Mainstreet Renewal) own around 11 percent of all single-family homes for rent in the state.” “In smaller neighborhoods, sometimes that’s upwards of 50 percent,” GSU professor Taylor Shelton said. “Just a decade ago or so ago, none of these companies even existed.”
  • AG suing Arizona landlords for 'corrupting' market, colluding to keep rents high

    03/05/2024 5:05:16 AM PST · by AbolishCSEU · 32 replies
    12news.com ^ | 2/28/24 | Kevin Reagan
    PHOENIX — Arizona Attorney General Kris Mayes is suing several owners of apartment complexes throughout the Valley for allegedly engaging in illegal "price-fixing" and creating a mechanism that's exacerbated Arizona's housing crisis. The state's top legal official announced Wednesday her office had filed a lawsuit against nine major residential apartment landlords in Arizona and RealPage Inc. for allegedly conspiring to inflate rental rates and eliminate competition in the market. "One reason renters in the Phoenix and Tucson metropolitan areas are paying more is because RealPage has facilitated a price-fixing conspiracy among a large share of multifamily apartment lessors in Arizona,"...
  • Maine Residents Furious over $13M Tax Bill for ‘Taj Mahal’ Where Migrants Get Two Years of Free Rent

    03/02/2024 8:44:14 AM PST · by ChicagoConservative27 · 55 replies
    Breitbart ^ | 03/02/2014 | Warner Todd Huston
    Residents of Maine are expressing their outrage over the state’s plans to spend $13 million on constructing apartment complexes for illegal border crossers where some could be afforded up to two years of free rent. The apartment complex plan — derisively labeled the “Taj Mahal” for illegals — took a lot of heat from residents of Brunswick during a February 20 city council meeting. The locals were upset over the fact that the same apartments that cost citizens between $1,800 and $2,300 a month were going to be handed out to illegals for free.
  • Here’s how much it costs to grab the priciest-ever vacation rental on Martha’s Vineyard (illegal alien-free zone)

    02/27/2024 1:08:03 AM PST · by Libloather · 7 replies
    NY Post ^ | 2/26/24 | Mary K. Jacob
    How much does it cost to break a record on Martha’s Vineyard? These days, it’s seven figures. There, a waterfront vacation rental home on Meneshma Pond has listed for a cool $1 million — specifically, a million bucks for just four weeks, The Post has learned. That princely sum makes it the highest-price offering of its kind to list on the island. Beyond the perks of 11 bedrooms and 13 baths sprawled across the main house and two additional guest residences, there are also luxury boats for the tenants to use during their stay. Thomas Wallace, of Wallace & Co....
  • The Most Affordable U.S. Cities for Rent on an Average Salary

    02/07/2024 8:38:15 PM PST · by SeekAndFind · 8 replies
    Visual Capitalist ^ | 02/07/2024 | Pallavi Rao
    In 2023, 34% of the 131 million households in the U.S. lived in rented homes.But which U.S. cities are the most affordable to rent in? The question isn’t just about cost, but about the average salary in each city, and some cities in expensive-seeming states turn out to be relatively affordable.To answer the question, Visual Capitalist's Pallavi Rao introduces the graphic below.CashNetUSA found rental price data (as of August 2023) from Zillow.com and compared it to city salary data to calculate the percentage of properties available to rent for 30% or less of the local average income.Ranked: Most Affordable American...
  • San Diego Landlords Forced To Allow Tenants To Operate Childcare Businesses In Their Units

    02/05/2024 5:26:10 AM PST · by AbolishCSEU · 13 replies
    youtube ^ | 2/5/24 | Real Estate Investing and Landlord News
    A San Diego law would force landlords to allow their tenants operate childcare facilities in their units. Not only that, but landlords have to notify tenants of their right to do so. This law brings with it a lot of liability for landlords if a child is hurt.
  • 'I'd be terrified to rent out my home in Atlanta': Staggering 1,200 homes in the Georgia city are now occupied by SQUATTERS - with cops taking up to six months to turf them out

    02/04/2024 5:03:59 AM PST · by knighthawk · 35 replies
    UK Daily Mail ^ | February 04 2024 | ISABELLE STANLEY
    Atlanta is battling a squatting crisis as 1,200 homes have been overtaken and landlords have to clear the unwanted residents themselves or wait months for police. The situation has become so dire that some homeowners offer to pay off squatters to get them out of their homes - rather than risk losing months of rent. One squat in the Georgia city was even being run as illegal secret strip club and had to be cleared out by an entire FBI swat team.
  • San Francisco is hit by another huge blow as RESIDENTIAL property market begins to tank, with investor landlord ditching 459 homes across 12 buildings due to plunging occupancy blamed on crime

    02/03/2024 12:20:29 AM PST · by knighthawk · 29 replies
    UK Daily Mail ^ | February 03 2024 | ALICE WRIGHT
    San Francisco's residential property market has hit troubled waters as a major investor landlord announced the sell-off of a large section of its rental empire this week. Landlord Mosser Companies defaulted on a 2018 loan for $88 million that was underwritten by its 459 rental units across 12 buildings in San Francisco. The company's creditor has now hired real estate firm Cushman & Wakefield to sell the multifamily home properties, The San Francisco Chronicle reported.
  • Record number of Americans are homeless amid nationwide surge in rent, report finds

    01/27/2024 6:50:28 PM PST · by ChicagoConservative27 · 25 replies
    Cbsnews ^ | 01/26/2024 | Elizabeth Napolitano
    A growing number of Americans are ending up homeless as soaring rents in recent years squeeze their budgets. According to a Jan. 25 report from Harvard's Joint Center for Housing Studies, roughly 653,000 people reported experiencing homelessness in January of 2023, up roughly 12% from the same time a year prior and 48% from 2015. That marks the largest single-year increase in the country's unhoused population on record, Harvard researchers said.
  • Study: Housing Unaffordable for Record Half of Renters in President Joe Biden’s America

    01/25/2024 1:22:25 PM PST · by ChicagoConservative27 · 19 replies
    Breitbart ^ | 01/25/2024 | AMY FURR
    Researchers say that in 2022, a record half of people in the United States renting a place to live used a massive chunk of their income for rent and utilities. In its article, published Thursday, NPR cited a recent report from the Joint Center for Housing Studies of Harvard University regarding the desperate situation that is hurting people across the nation. The center’s report found that in 2022, “as rents spiked during the COVID-19 pandemic, a record half of U.S. renters paid more than 30% of their income for rent and utilities. Nearly half of those people were severely cost-burdened,...
  • Requesting advice: My rent just went up by 45%. Is this legal?

    01/23/2024 8:49:44 PM PST · by know.your.why · 116 replies
    01/23/2024 | Self
    Hello fellow FReepers. I have just been given the shocking news that my monthly rent for a 1-bdr apartment in N. Alabama is going up by $300 which works out to a 45% increase. The apartment complex has been recently bought by a NJ based company and apparently they have resolved to raise every tenant's rent. The reason that the manager told me was that materials costs are up "such as drywall". Ridiculous excuse. I just cant believe that this has happened. People here cant afford this kind of increase. Wages have not gone up AT ALL. I just dont...