California has 1.07 million households paying at least $3,000 a month to a landlord, and that flock has more than doubled in four years. My trusty spreadsheet looked at Census Bureau housing data focusing on renters and how much they pay, comparing new 2023 results with pre-pandemic 2019. Tenants paying $3,000 or more is the … Read more
It was September, 38 years ago, when I decided to taste life as a California business journalist. During all those years, one constant has risen above the noisy gyrations of the Golden State’s economy: how to keep lofty housing costs in check. Almost everybody’s got an anecdote to portray this mess. My tale goes like … Read more
Over seven million Americans receive monthly supplemental security income (SSI) checks from the Social Security Administration (SSA) to cover household expenses. People with limited or no income/resources who are blind, aged 65 or above, or have a disability could be eligible for SSI benefits. Resources can mean vehicles or bank account balances, which shouldn’t be … Read more
“Rent Watch” tracks what’s happening at the intersection of landlords and tenants – who is paying what and where. Buzz: Rents were falling in nine of 16 big California cities this summer. Source: My trusty spreadsheet looked into ApartmentList’s rent tracker for August for 100 large US cities, including 16 in California. Topline Oakland not … Read more
A new report says August rental rates fell in some of Canada’s largest and priciest markets to continue a months-long trend, while prices rose in smaller markets. The report from Rentals.ca and Urbanation found the average Vancouver rental rate was down six per cent from last year to $3,116 for the ninth straight month of … Read more
RealPage is facing an investigation for colluding with homeowners using its proprietary software to abnormally hike rents nationwide. Expect Best/Pexels.com Blackstone is the largest alternative asset manager in the world, with over $1 trillion in assets under management. The recent “Helter Shelter: How Blackstone Contributes to and Profits from California’s Broken Housing System” report from … Read more
Bollywood actor Ajay Devgn has recently leased out his commercial office space in Mumbai’s bustling Andheri area for a monthly rent of Rs. 7 lakh, as per a transaction reviewed by Square Yards. The ‘Leave and License’ agreement, formalized on the 2nd of September, incurred a stamp duty of Rs. 1.12 lakh. Devgn’s office is … Read more
A married couple in their early 40s, living in the Bronx, New York, has found themselves in a financial bind despite earning a combined annual income of nearly $175,000. The couple, who have a 9-year-old daughter and a puppy, struggle to make ends meet with no assets and a paltry $200 in savings. Despite a … Read more
Bestselling author and co-host of “The Ramsey Show,” George Kamel went from negative net worth to a millionaire status within a decade by following Ramsey’s proven money plan. Kamel is committed to breaking down complex money topics and busting money myths to help people save more while avoiding financial pitfalls. In a recent YouTube video, … Read more
US housing rents have jumped 19% to an average of $1,712 since 2019. While the rent increase was the least, at 1%, in the past year, renewed demand from renters could mount further upward pressure on rental pricing as new homes hit the tight real estate market. Furthermore, many potential first-time homebuyers are choosing to … Read more
