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Search resuls for: "Housing Justice"


4 mentions found


☆ I dodged a 15% rent increase because of a new NYC housing protection law. Here's how to know if it could save you money.
  + stars: | 2024-06-01 | by ( Juliana Kaplan | ) www.businessinsider.com   time to read: +9 min
They said my building was covered under the new Good Cause Eviction law, and my rent increase would instead be 8%. AdvertisementWhat is Good Cause Eviction? Good Cause also has what's called the reasonable rent increase measure: Buildings covered under Good Cause have limits on how much landlords can raise rent. I was under the impression that this building falls under the good cause eviction umbrella. Will Good Cause Eviction change or impact your life?
Persons: Weaver, —, Ellen Davidson, Davidson, Allia Mohamed, it's, Mohamed, that's Organizations: Service, Business, New, New York, Housing Justice, —, Legal Aid Society Locations: New York City, Central Park, New, New York, Bronx, Brooklyn
☆ Premarket stocks: The rent is too damn high. It’s keeping interest rates elevated, too
  + stars: | 2024-03-12 | by ( Nicole Goodkind | ) edition.cnn.com   time to read: +8 min
In short, the rent is too damn high — and it’s keeping inflation and interest rates elevated alongside it. We’ll see if they’re right on Tuesday morning when February’s CPI data is due out. “Shelter inflation has been a big focal point for the market,” they wrote in a note on Monday. “We remain confident that [rent prices] will flatline in 2024, rather than fall,” Capital Economics analyst Thomas Ryan wrote in a recent note. That means a current deceleration in rent prices won’t be fully factored into inflation data until February 2025.
Persons: Greg McBride, ”, Jerome Powell, “ It’s, Powell, aren’t, “, Thomas Ryan, Ritti Singh, Singh, won’t, isn’t, Goldman Sachs, Clare Duffy, Reddit, it’s, That’s, Matt Egan, Joe Biden, Bespoke’s Paul Hickey, ” Hickey Organizations: CNN Business, Bell, New York CNN, Federal Reserve, CPI, Bank of America, ” Capital, Housing Justice, Fed, Dallas Fed, AAA, Federal, Investment Locations: New York
☆ More than 12 million Americans are spending at least half their entire paycheck on rent, Harvard study says
  + stars: | 2024-01-25 | by ( Pete Syme | ) www.businessinsider.com   time to read: +3 min
Over 12 million Americans spent more than half their income on rent and utilities in 2022, a Harvard study says. The study, by Harvard's Joint Center for Housing Studies, found a sharp rise in people spending large portions of their pay on rent. AdvertisementAn estimated 12.1 million Americans are spending more than half their income on rent and utilities, a study from Harvard's Joint Center for Housing Studies says. A chart showing the rising number of renters spending more than 50% of their income on rent. AdvertisementAre you a renter who spends a significant portion of your income on rent who would like to share your story?
Persons: — Organizations: Harvard, Harvard's, for Housing Studies, Service, Census Bureau, Joint Center for Housing Studies, Center for Housing Studies of Harvard, Cea Weaver, Justice, New York Times
☆ The corporate landlords buying up America's houses are hiring high-profile PR execs and lobbying Washington regulators to convince opponents they're not the bad guys
  + stars: | 2022-05-28 | by ( James Rodriguez | ) www.businessinsider.com   time to read: +10 min
Corporate owners of single-family homes face mounting criticism as their presence grows. Organizers from the Center for Public Democracy stood atop the stage at the Park Hyatt hotel in Washington, DC, where they interrupted a conference for owners of single-family rental homes. Institutional owners of single-family homes have typically preferred to operate quietly. In the decade-plus since the financial crisis, institutional investors have poured billions of dollars into acquiring and developing single-family homes for rent. It's for that reason that Howard is concerned about homeowners associations barring investors from buying homes in certain neighborhoods.
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