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My wife and I live in a century-old home in Sacramento, but also own 13 investment properties spread throughout Texas and California. In 2004, we bought a $300,000 investment property, a duplex in Midtown Sacramento, which we rent out. AdvertisementLast year, I built two cottages on the duplex's lot and began renting them out as ADUs. After several months of collaboration with the company's design team, we submitted an application to the city of Sacramento. AdvertisementWith Sacramento allowing up to 1,200 square feet per ADU, I chose to build two 600-square-foot cottages on the lot.
Persons: , George Warren, I've, Warren's ADU, Kevin Craig, ADUs, they're, it's, Warren Organizations: Service, Business, Tiny Homes, YouTube, Sacramento State University Locations: Sacramento, Texas, California, Midtown Sacramento, Warren, it's, ADUs, Warren's, Atlanta
Read previewThis as-told-to essay is based on a conversation with Kristi Campbell, a 28-year-old business consultant, who moved into micro-home community South Park Cottages in 2023. In 2022, my boyfriend sent me a link to South Park Cottages' website, a Black-owned tiny home village. South Park Cottages afforded me the opportunity to buy my first home sooner than planned — it was the official stamp for adulthood. AdvertisementBefore I was even considered for a home at South Park Cottages, I had to be pre-approved for the full loan amount of the home. I chose South Park Cottages' preferred lender, along with a preferred closing attorney.
Persons: , Kristi Campbell, It's, Campbell, it's, — we're, There's, you've, I've Organizations: Service, Business, East, Bluetooth Locations: New York, East Atlanta, Atlanta, California, Georgia
Sellers are reducing prices in cities with surplus housing inventory, according to Redfin data. As sellers lower prices and builders offer concessions, homebuyers are gaining more power. It means two things for prospective homebuyers: One, more sellers are likely to slash listing prices to attract buyers. To calculate which metros have the highest share of sellers reducing list prices, Redfin analyzed home price data from 85 US metros with populations of at least 750,000. Below are the 10 metros with the largest share of price drops in March, according to Redfin.
Persons: Sellers, Price, , Eric Auciello, Auciello, Redfin Organizations: Service Locations: Florida, Texas
One of them sent me an advertisement for CalHFA's ADU grant program that gives eligible Californians $40,000 to cover blueprints, permits, and closing costs to build an ADU on their property. In 2022, I began the process of getting approved for the CalHFA's ADU grant, which was pretty easy. As a result, my mortgage, including my main house and ADU, increased by $1,500 a month — from $1,200 to $2,700. There are two renters living in the main property and my son and I moved into the ADU. Living in the ADU with my son, I only pay $520 of the $2,700 mortgage.
Persons: , Blanca Barragan, They've, Barragan, I've, I'm Organizations: Service, Business, Habitat, Humanity, Tiny Locations: Sacramento, Blanca, California
Since 2000, I've visited 93 countries and 57 of them have been with my four children who are all under the age of 10. We went on a safari tour in TanzaniaOur family visited Tanzania in 2019 in collaboration with a tourism brand. We love Sri Lanka so much, we're building a villa thereIn 2022, my family and I moved to Sri Lanka from Abu Dhabi. Edwards' daughter and son on a beach in Sri Lanka. Courtesy of Karen EdwardsI visited the country in 2008, and then again in 2012 with my then-boyfriend and now-husband.
Persons: Karen Edwards, Edwards, , I've, Abu, Abu Dhabi, you'll, Al, we're, It's, We'd Organizations: Service, Disney, Mto, United Arab, Oasis, Catalonian Locations: Tanzania, Abu Dhabi, America, California, Florida, Zanzibar, Tanzanian, Lake, Dubai, United Arab Emirates, Al Ain, Hafeet, Sri Lanka, Galle, Andorra, Pyrenees, Spain, Barcelona, Toulouse, France, Karen Edwards Andorra, Macedonia Macedonia, Balkan, Greece, Europe, Albania, Macedonia
The Portugal-based carpentry company Madeiguincho began building tiny homes for European customers in 2016. Take a look inside a variety of their tiny homes, ranging from $58,619 to $74,535 in price. AdvertisementSo far, the company has built 25 tiny homes, with prices starting at €55,000 (about $58,600). In 2019, Madeiguincho, which constructs the tiny homes in Portugal, collaborating with local builders and architects, began shipping to the US. AdvertisementTake a look inside some of Madeiguincho's tiny homes.
Persons: Madeiguincho, , Marrote Organizations: Service, Business Locations: Portugal, Queens , New York, Berlin , New York, India, Nepal
Kate Boardman has visited 54 countries around the world and lived in 10, including the US. She's enjoyed spots like France and Bali but says people should visit underrated places like Oman. I've been to 54 countries and lived in 10, including the US. I also think spots like Cancun are super overrated; there are way cooler places to visit in Mexico. Kate Boardman/@wildkat.wandersI first lived in Guatemala in 2021, where I worked as a teacher at an international school.
Persons: Kate Boardman, She's, , I've, Boardman, It's, You've, they're, @wildkat.wanders, Kate Boardman There's, There's, you've, Earth Organizations: Service, Antigua —, United Arab Locations: France, Bali, Oman, Ecuador, Guatemala, Massachusetts, Germany, Tblisi , Georgia, Paris, London, Cancun, Mexico, Iran, Maharloo, Georgia, Tbilisi, It's, Soviet Union, Kazbegi , Georgia, Turkish, Central America, Costa Rica, Tikal, Guatemala City, Antigua, Boardman, Livingston , Guatemala, El, United Arab Emirates, Yemen, Muscat, Caribbean
(She's selling one of them, also with an assumable mortgage.) An assumable mortgage allows qualifying buyers to acquire the interest rate, current principal balance, and other conditions of a seller's existing loan. In 2020, my husband and I bought a home in Beaverton for $650,000 with a 2.5% mortgage interest rate. We purchased another home with an assumable mortgage when rates were higherWe bought another home with an assumable mortgage in 2023. Getting an assumable mortgage isn't easyAssumable mortgages can be super hard to find.
Persons: , Lori Coryell, I've, it's, Banks, It's, We've Organizations: Service, US Air Force, Business, USAF, Veterans Affairs, Gresham Locations: Oregon, Beaverton, Our Beaverton, Gresham, Portland, Gresham , Oregon
The couple paid less than usual for the area by going through a community land trust, or CLT. Community land trusts allow low-income homebuyers to purchase homes at a reduced price in exchange for the trust's retaining ownership of the property's land. Community land trusts were an unfamiliar conceptI learned about community land trusts while driving through a neighborhood. It's a community housing organization that offers homebuyer education and also sells affordable homes through a community land trust program. Our lives are much betterWhen buying a land trust home, not only do you have to qualify for the land trust program, but you also have to qualify for a mortgage at the bank.
Persons: Melisa Gomez, Romo, , It's, Gomez, we're Organizations: Service, Romo, Land Trust Locations: Duluth , Minnesota, Minnesotans, Duluth, Fayetteville , Arkansas, . Duluth, El Salvador, Mexican
Squatters who took over a Beverly Hills mansion for five months seemed to take the saying literally. The squatters made money off of the home by hosting parties with entrance fees from $500 to $1,500, Curbed reported. According to Curbed, Yamout purchased the home in 2021 from Notre Dame Properties, which is allegedly "controlled" by Uwaydah. AdvertisementYamout took legal action against the squatters, filing an unlawful detainer lawsuit to evict them, Curbed reported. Gargiulo told Curbed that he has no regrets about living in the mansion or the headaches he brought the residents of Beverly Grove Place.
Persons: , Morgan Gargiulo —, Gargiulo, John A, Woodward IV, LeBron James, Jennifer Lopez, Ben Affleck, Woodward, didn't, he'd, Adel Yamout, Yamout, Damon Dash, Munir Uwaydah, Michael, Harry, Harris, Donald Trump, I've Organizations: Service, Beverly Hills, Beverly, Los Angeles, Row Records, Notre Dame Properties, Uwaydah, Business Locations: Los, Los Angeles, Beverly, Beverly Hills, Beverly Grove, Woodward, California
March 2024: Paris Hilton calls out Umansky on Instagram for talking about her dad. Paris Hilton at the 2024 Vanity Fair Oscar Party. Christopher Polk/Getty ImagesMauricio elaborated on his departure from Hilton & Hyland in season two of "Buying Beverly Hills." "I think I got kind of f--ked by Hilton & Hyland," Umansky said. The Queen of Bravo Instagram account posted about Mauricio's comments regarding Hilton & Hyland—and Paris Hilton, Rick and Kathy's daughter, left a comment.
Persons: Paris Hilton, Umansky, Christopher Polk, Mauricio, Rick, Jeff, Bravo, Hilton & Hyland —, Paris, ET's Brice Sander Organizations: Getty, Hilton & Hyland, Hilton &, Paris, Hilton, Entertainment Locations: Paris
New Yorkers have historically moved to Florida and Texas to save money on taxes and other expenses. AdvertisementIn December, Rahul Sen Sharma told Business Insider that he was moving from New York to Miami — and bringing his company with him. New Yorkers moving to Texas for many of the same reasons will also face sticker shock. The savings gained by moving to Florida and Texas are dwindlingUtilities, gas, and housing are just a few expenses that have gotten pricier in Florida and Texas since 2019. "The property-tax percentage rate is higher," Marie Bailey, a Texas real-estate agent who moved from California, told Business Insider's Alcynna Lloyd.
Persons: , Rahul Sen Sharma, Sen Sharma, BI's Phil Rosen, Jeff Bezos, Ken Griffin, SmartAsset, Dallas, Alexander Spatari, Realtor.com, Jaclyn DeJohn, SmartAsset's, Wager, Robert Walsh, Marie Bailey, Insider's Alcynna Lloyd Organizations: Service, Miami —, Bloomberg ., New, Miami, relocators, Miami . Miami Beach, Bloomberg, Business, Sunshine State, CBS, Fort Locations: Florida, Texas, New York, Miami, NYC, Austin, Florida and Texas, Dallas, Miami ., Manhattan, Fort Lauderdale , Florida, Fort Lauderdale, California
While he is earning more, Burton feels that life in London can be stressful and lonely. AdvertisementThis as-told-to essay is based on a conversation with Michael Burton, a 28-year-old quantity surveyor from Ireland who moved to London in 2023. Courtesy of Michael BurtonIn 2018, I left Ireland after graduating from university and moved to London. AdvertisementI lived in London until COVID hit in 2020 and then moved back to Ireland. If they are as strong as I believe, then moving to a different place shouldn't really affect them.
Persons: Michal Burton, Burton, he'll, , Michael Burton, COVID, There's, wouldn't, I'd, Michael Burton London, I'm, I've, hasn't Organizations: Service, Ireland Locations: Ireland, London, Lisbon, Enniskerry, Wicklow, It's, Dublin, East London, COVID, Tooting, Balham, Wandsworth
Micro-home community South Park Cottages offers locals an affordable alternative to renting. Homes in the community start at $190,000, and the typical monthly mortgage payment is around $1,500. South Park Cottages is so popular that its developer is building another community in Georgia. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Compare that to the typical home sold in Atlanta, which Redfin found cost $431,250 as of February 2024.
Persons: , Booker Washington, Redfin Organizations: Cottages, Service, Business Locations: Georgia, Atlanta
Karen Edwards has traveled to or lived in 57 countries with her husband and four children. AdvertisementThis as-told-to essay is based on a conversation with Karen Edwards, who blogs about her family's life abroad. Karen Edwards' son and the camper van they lived in. My kids played with Peruvian children — it was really, really special. AdvertisementKaren Edwards' husband and children.
Persons: Karen Edwards, , I've, Edwards, Karen Edwards I've, It's, We've, it's, Karen Edwards ⁠, they've, we'll Organizations: Service, Sri Locations: Sri Lanka, Dublin, London, Abu Dhabi, London Borough, Croydon, Southeast Asia, Vietnam, Taiwan, Hong Kong, Malaysia, Indonesia, Singapore, Canada, Argentina, US, Mexico, Bahamas, Grand Cayman, Jamaica, Belize, Nicaragua, Guatemala, Costa Rica, Panama, Colombo, Peru, Bolivia, Europe, Central Asia
Nadia Crevecoeur, a 26-year-old project manager, saw friends have amazing experiences living abroad. In college, I studied international affairs and had the privilege of living abroad in Geneva, Switzerland, and Brussels, Belgium. Courtesy of Nadia CrevecoeurDuring the eight months that I lived in Europe, I felt a lot of isolation and homesickness. While living in Europe, many factors contributed to a larger feeling of "I'm not from here, I'm a foreigner." AdvertisementMy purpose in living abroad was to thrive, but I just wasn't seeing myself thrive like I did back in the States.
Persons: Nadia Crevecoeur, , It's, it's, I'm, gaslit Organizations: Service Locations: Europe, New York, China, Portugal, Ireland, Germany, France, Denmark, Italy, Geneva, Switzerland, Brussels, Belgium, United States, It's, Haiti, States
An assumable mortgage allows qualifying buyers to acquire the interest rate, current principal balance, and other conditions of a seller's existing loan. AdvertisementGrace: An assumable mortgage is not a new loan, you're just taking over the owner's loan term and interest rate. Grace: We talked about the assumable mortgage for about a day and decided we were going to go for it. He put us in contact with an assumable loan expert, Mark McDonough, and he quickly became one of the most important people on our side. AdvertisementNow that our assumable mortgage is saving us about $2,000 each month, it makes the stress a little less because we have the option of having more money available.
Persons: , Grace Lucchese, Mickey Ricard, Mickey, Ricard, It's, Mickey's, Grace Lucchese Mickey, Grace, Mark McDonough, they'd, Mark, Paul, We're, Grace Lucchese Grace, We've Organizations: Service, Business, Lucchese Locations: Westford , Massachusetts, Massachusetts, Lawrence, Framingham, Sudbury, Boston, The couple's Massachusetts
Courtesy of Kate BoardmanI've always enjoyed sharing my adventures and experiences, and capturing my life through photos and videos to show the world. Kate Boardman at the summit of Mt. AdvertisementGenerally, I feel quite safe when I'm traveling. Kate Boardman in Australia. Courtesy of Kate BoardmanThrough my content, I hope to show people that the world is not a scary place.
Persons: , Kate Boardman, There's, I've, Kate Boardman I've, It's, Aphantasia, Boardman, Chiang Rai, You've, I'm, it's Organizations: Service, Business, Roger Williams University, White Locations: Massachusetts, Vietnam, Australia, Guatemala, Bahrain, Germany, France, Thailand, Indonesia, Luang Prabang, Laos, Mexico, Cancun, Rio Dulce , Guatemala, Rhode Island, Bali, Cambodia, Mt, Kilimanjaro, Tanzania, Iran, Pink Lake, Kate Boardman Vietnam, Italy, Krabi, I'm
A modest, 69-year-old home is up for sale in Whitefish, Montana, for $1.1 million. A real-estate agent posted a video of the home, and thousands of people left incredulous comments. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA modest Montana house is turning heads not for its grandeur or uniqueness, but for its price tag: $1.1 million. Some 3.2 million views, 33,5000 likes, and 8,214 comments later, users have expressed disbelief at the listed price of the home relative to its humble appearance, while others have debated what secrets could possibly justify its high price tag.
Persons: , Kirk Rossiter Organizations: Service, Business Locations: Whitefish , Montana, Montana, Whitefish —, Instagram
Many of these new residents are single Gen Zers, millennials, and students. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . For some, that's meant flocking to the Midwest, and its promises of cheaper living, more space, and friendly neighbors. While the initial pandemic bump in Midwest residents has slowed a little, its population level is still above pre-pandemic highs. Gen Zers, the oldest of whom are 27, make up the greatest percentage of movers, followed by millennials, topping out at age 43.
Persons: , Gen Zers, millennials, Zers, Gen Xers, Gen Alpha, haven't, Redfin, Texans —, James McClure, Alcynna Lloyd, McClure, Lloyd Organizations: Service, Gen, Census, Midwest, Texans Locations: Midwest, California , Florida, Texas, East Coast, New York, Massachusetts, Wisconsin, Minnesota, Austin
Read previewJasmine Cambridge, a 25-year-old steakhouse server with aspirations of working in marketing, moved from Atlanta to Austin in 2023. Over 14,100 movers to Austin came from California, while nearly 4,900 moved from New York. AdvertisementA majority of movers to Austin from other states were white, making up 52% of movers, while Hispanic individuals account for 23.1%. Less than half of Americans moving to Austin are married — 43.2% — while 45.6% are single or unmarried. Census data shows that about 74.26% of movers to Austin are renters, while 25.74% are homeowners.
Persons: , Jasmine Cambridge, Austin, I've, Austin —, Jasmine Cambridge Pengyu Cheng, Cheng, Pengyu Cheng, it's, Tesla, They've, Gen Z Organizations: Service, Business, Apple, Google, Oracle, Austin, Survey, University of Minnesota's, Census, Redfin Locations: Atlanta, Austin, Cambridge, San Francisco, California, Pengyu, Texas, New York . Florida , Oregon, Washington
But the double whammy of housing plus childcare costs doesn't hit all parents — just parents of very young kids. However, after-school programs or an afternoon babysitter are typically a fraction of the cost of full-time day care.) I propose we call them: DIPS, or Double Income, Public School. For example, Massachusetts has the highest average childcare costs, where day care for an infant is $24,472. I'm stuck in between — one kid in public school and a younger one still in day care.
Persons: , Alcynna Lloyd, Lloyd, Zillow, it's, I'm, Rich, Stanley, you'll, they'll, POLK Organizations: Service, Business, Public School, Kids, Nationwide Locations: Los Angeles, San Diego, California, Massachusetts, Iowa, In Massachusetts
Today, I'm the owner of a barber shop and the founder of the Washington Barber College. Courtesy of Story SyndicateI took $500 from the check and put it down on a rental space for a barber shop. I later purchased another barber shop, and with the profits from that business, bought an additional shop that was going out of business. AdvertisementThe People Trust Community Loan Fund. We would also pick up homeless individuals and bring them to the barber shop to provide haircuts.
Persons: Arlo Washington, , Oscar, Barber, it's, Syndicate I'm, we've, We've, Mr, We're, Little, I've, It's Organizations: Service, Washington, Washington Barber College, Syndicate, People Trust Loan Fund, People Trust, Federal Credit Union, University of Arkansas, Little, Trust Community Loan Fund, Winthrop Rockefeller Foundation, The Treasury Department, Trust Loan, People Trust Loan, Depository Institution Locations: Little Rock , Arkansas, Local, Washington, Arkansas, Little, Central Arkansas, Little Rock, Rock, Wrightsville , Arkansas
Zillow determined that a family earning a median household income of $6,640 per month can expect to allocate $1,984 of that to childcare. It all adds up to a costly reality that's making the American dream of homeownership seem farther out of reach for parents than ever before. Based on the study, a new buyer household in the United States, making the median income, would spend 30% of it on housing. The upshot: Another group, less encumbered financially, appears better poised to realize the dream of homeownership: "DINKS," an acronym that stands for "dual income, no kids." "I paid $1,750 for rent in a crappy little apartment in California," Crossan told BI earlier this year.
Persons: , Zillow, DINKS, Elizabeth Johnson, Johnson, Bartie Scott, Juliana Kaplan, Janelle Crossan, Crossan, Pengyu Cheng, Cheng Pengyu Cheng, Cheng Organizations: Service, US Department of Labor, Federal, Consumer Locations: Women’s, Los Angeles, San Diego, United States, Swiss, snorkeled, Hawaii, Canada, New Braunfels , Texas, Costa Mesa , California, California, Austin , Texas, Texas, San Francisco
This story is available exclusively to Business Insider subscribers. "I grew up in Nutley," Lorraine Hurlbut , the listing agent for the home who works with Keller Williams NJ Metro Group, told Business Insider. Advertisement“We have New Yorkers, people from Hudson County that live in Jersey City and Hoboken come,” to buy homes in Nutley, Hurlbut said. With 15 bids received, the home's sale price soared by over 40% of the asking price — setting a record in Nutley, Hurlbut told NJ.com. “I don't do minimal staging,” Hurlbut told Business Insider.
Persons: , William Lambert, Lorraine Hurlbut, Keller, It's, Hurlbut, , Geoffrey, NJ.com, ” Hurlbut, Hurlburt, Organizations: Service, Business, Keller Williams NJ Metro Group Locations: Nutley , New Jersey, Nutley, Essex County, New York City, Hudson County, Jersey City, Hoboken, New York, New Jersey
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