Spencer Platt/Getty A decision Tuesday could change rent-stabilized units drastically. This would be an unprecedented development for NYC Mayor Bill De Blasio’s administration. Building owners are proposing rent increases. One million New Yorkers who live in rent-stabilized housing may be facing rent hikes of an unprecedented scale under Mayor Bill de Blasio’s administration thus far. […]
Tag: rents
Manhattan rents tumble by the most in nearly 7 years even after landlords offer a ton of freebies
Manhattan rents fell year-over-year by the most in nearly seven years in March, according to a report from Douglas Elliman Real Estate. This happened even though landlords continue to offer several concessions to get new leases. Manhattan landlords seem to be running out of tricks. They’re aggressively offering a month of free rent and other […]
Jordan Spieth rents two houses at The Masters, and it gives him a competitive edge
Ross Kinnaird/Getty Jordan Spieth rents two houses at The Masters, one for relaxing with family and friends and one for when he needs to focus or sleep. It appears that most other golfers only rent one house. Spieth followed this strategy in 2015 when he went on to win The Masters. Jordan Spieth has a […]
Cities are trying to make housing more affordable — by making rents more expensive
Laurin/Shutterstock One way to create affordable housing is by taxing more expensive new homes. Los Angeles is trying to solve its housing crisis with a linkage fee, one of numerous additional costs that drive up the price of housing. The solution looks at housing from each extreme level of cost, but others can not get […]
The impending shutdown of a New York City subway line is clobbering rents in parts of Brooklyn
Sarah Jacobs/Business Insider Rents in North Brooklyn are falling more than a year before the L train is set to shut down between Brooklyn and Manhattan, according to StreetEasy. That creates a bargain for people who are willing to make the trade-off for a longer commute. Sales prices aren’t falling. But it’s taking longer for […]
The impending shutdown of a New York City subway line is clobbering rents in parts of Brooklyn
Sarah Jacobs/Business Insider Rents in North Brooklyn are falling more than a year before the L train is set to shutdown between Manhattan and Brooklyn, according to Streeteasy. That creates a bargain for people who are willing to make the trade-off for a longer commute. Sales prices aren’t falling. But it’s taking longer for houses […]
The 17 US cities where rents are soaring the most
Shutterstock Renters in America spent a record amount of money on housing in 2017. They paid $ 485.6 billion to landlords, about 1% more than they did in 2016, according to Zillow. This was the slowest pace in recent years because more renters transitioned into homeownership. But tight supply and strong demand from buyers are […]
These are America’s most expensive shopping streets, where rents cost a fortune and stores are thriving
Getty/Ari Perilstein Many retailers are closing stores, but luxury still seems to be thriving. Cushman & Wakefield has crunched the numbers to find the most expensive streets shopping streets in America. These shopping areas have thrived despite the retail apocalypse. If there’s a retail apocalypse going on, nobody told the stores on 5th Avenue. […]
27 cities around the world where expats are happy, rents are affordable, and jobs are plentiful
Flickr/ajgelado InterNations recently released its 2017 list of best cities for living and working abroad. City rankings are based on survey responses from nearly 8,000 people in 40 countries. For each city, we also compiled cost of living estimates from Numbeo’s database. If you’re thinking about living abroad, the best people to ask for […]
Charity rents out Trump’s childhood home to refugees in publicity stunt
The international charity Oxfam rented out President Trump’s childhood home in Queens, New York, letting four refugees stay for a weekend. The publicity stunt comes as the Trump administration’s temporary travel and refugee bans are about to expire. The action was intended to put pressure on Trump, and other world leaders attending the UN General […]