“When you look at what’s out there for people like me,” say co-founder Ana Dolan, “there aren’t many options. Most apartments are rentals and can be quite isolating, and we don’t want to take up a space in sheltered housing.” ...
The company allows customers to rent out a collection of designer “tiny houses” placed in secluded rural settings north of the city; beginning at $99 per night, the service is hoping to offer respite for overstimulated city folk seeking to unplug and “find themselves.” The company was ...
Since we’ve been in a constant state of recession watch for a while now, today I’m going to explore the current state of the housing market.Why housing? Well, here’s what The Economist has to say about it:The importance of American housing resides not so much in its absolute size,...
Lee said. They can leave rent-paying office tenants in place while they convert empty floors to apartments, instead of having to empty the whole building for the retrofit.
One reason for the presumed high portion of homeowners who said they would rent if they moved is the fact that almost half the heads-of-household surveyed were over 64, meaning they have likely lived in the same place their entire homeowning lives and probably think they don’t need to pu...
With respect to maintenance, a homeowner is responsible for cutting the grass, taking care of the landscaping, replacing appliances and carpeting, upgrading to keep the value up, etc. Those costs are part of rent, and while rent will go up over time, so will the cost of maintaining your ...
They can't rent the last unit. So, what do they do with the last unit? They discount it. That's where it starts right away, but they're not going to build a surplus. If you don't build housing for the people who are higher incomes, those people will come and cann...
These two concepts – the rent gap theory and the racial arbitrage theory – are both, I think, really helpful in understanding how Chicagoland’s economic geography has changed over the last 40 years, and how it’s likely to change in the future. The foundation is a tendency for an expa...
The other certainty is that the population will continue to skyrocket and there just won't be the space for everyone to have large lot sizes for their homes. Notes Page 4: There are many things that changed the homes we live in over the last three hundred years. As Ward says, "spaces...
Wendy Oke of TeachKloud says as a young woman starting out in her business career, rent is a serious issue among her peers. “I got an Irish guy to move [back from] New Zealand to work for TeachKloud. Last week he said he would have to go back [to New Zealand] because he couldn...