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Part of the building site of the Magic City development in Little Haiti. Among the properties is Sixty Uptown Magic City, billed as a collection of luxury residential units. Plaza Equity Partners, a real estate developer and one of the Magic City partners, did not respond to CNBC's requests for comment. Magic City development site in Little Haiti. Magic City investors also invested $31 million in the Little Haiti Revitalization Trust, created and administered by the City of Miami to support community revitalization in Little Haiti.
Persons: Greg Iacurci, Greg Iacurci MIAMI — Nicole Crooks, James Brown, Sam Cooke, Ray Charles, Aretha Franklin, Ella Fitzgerald, Jackie Robinson, Joe Louis, Overtown, Crooks, Nicole Crooks, Carl Gershenson, Gershenson, Moody's, Robert Zangrillo, Princeton's Gershenson, Andrew Rumbach, Chris Rogers, Rumbach, Brown, Fredericka Brown, Carolyn Donaldson, Greg Iacurci Carolyn Donaldson, Donaldson, David Arditi, Greg Iacurci Flood, Arditi, homebuyers, Han Li, Richard J, Grant, Todd Crowl, Urban Institute Paulette Richards, Richards, who's, Carl Juste, Greg Iacurci Carl Juste's, — Viter, Maria Juste, Little, Little Haiti —, " Juste, Juste, Neil Fairman Organizations: Lyric, Greg Iacurci MIAMI, Catalyst Miami, Princeton University Eviction, Magic City, Liberty City —, Dade, Harvard University, Florida International University, Magic City Innovation, Dragon, Miami ZIP, Liberty City, Miami, West Palm Beach, Boca Raton, Urban Institute, Marshall Fire, Photodisc, Georgia Institute of Technology, Brookings Institution, Macedonia Missionary Baptist Church, Macedonia Missionary Baptist, Grove Rights, Community Equity, Development, Developers, City, Aria Development, Federal Emergency Management Agency, University of Miami, Florida International University Institute of Environment, Women, Leadership Miami, Little Haiti, Magic City Innovation District, Dragon Global, Magic, Plaza Equity Partners, Lune, Lambert, Little Haiti Revitalization Trust Locations: Miami's Overtown, Miami, Overtown , Miami, Magic, Little Haiti, U.S, Zillow, Overtown, Allapattah, Liberty, Dade County, Kendall, West Palm, Delray, Honolulu, Louisville , Colorado, Colorado, Coconut Grove, Macedonia, West, West Grove, Bahamas, Grove, City of Miami, Brickell, Caribbean, Liberty City, Haitian Diaspora, Magic City, Lune Rouge
This month, ApartmentAdvisor released its annual report on the best cities for renters in the United States. The report analyzed 98 major cities across the country based on:Renter friendliness scoreRenting quality scoreEconomic scoreDesirability scoreRenter friendliness and renting quality scores were determined by demand, vacant rates, tenant protection laws and new residential construction. The desirability score is based on public transit and entertainment, while the economic score was determined by analyzing the median income-to-median rent ratio, rental property price trends, and unemployment rates. The cities were scored on a 100% scale, and the data used to rank them is from the U.S. Census Bureau, ApartmentAdvisor, Walkscore, and Yelp. ApartmentAdvisor considered only the median one-bedroom monthly rent for this report.
Persons: ApartmentAdvisor Organizations: U.S . Census Locations: United States, U.S
What the LIFT Act would mean todaySince the LIFT Act was first proposed in 2018, the cost of living has only sky-rocketed, hitting working-class Americans especially hard. But a tax credit like LIFT would also be extremely costly, according to Tax Policy Center estimates from 2018 and 2019. However, funding such a tax credit now could be tough amid growing concerns over the federal budget deficit. Focus on the child tax creditLIFT was first proposed years before Congress temporarily expanded the child tax credit during the Covid-19 pandemic, which could now be a bigger priority, experts say. The American Rescue Plan boosted the child tax credit to $3,000 from $2,000, with an extra $600 for children under age 6 for 2021, and families received up to half upfront via monthly payments.
Persons: Kamala Harris, Kevin Mohatt, Francesco D'Acunto, Biden, Karl Widerquist, Jacob Channel, Tomas Philipson, Laura Veldkamp, Harris, Donald Trump Organizations: West Allis Central High School, Reuters, Georgetown University, D'Acunto, Plus, White House Council, Economic Advisers, Columbia University Business School, American Rescue Plan, Columbia University, . Census Locations: West Allis , Wisconsin
The 7 most renter-friendly big cities in the US
  + stars: | 2024-07-25 | by ( Madison Hoff | ) www.businessinsider.com   time to read: +1 min
Raleigh, North Carolina, was the most renter-friendly among 98 cities analyzed by ApartmentAdvisor. AdvertisementAmid peak rental season, some cities are better suited than others for renters thinking about their next move. Raleigh, North Carolina, took the top spot on ApartmentAdvisor's list of the "The Most Renter-Friendly U.S. Cities in 2024." "We pretty much knew from other studies we've done that rent prices alone wouldn't be the only factor that would make a city renter-friendly," Lilly Milman, editor at ApartmentAdvisor, told Business Insider. This story is available exclusively to Business Insider subscribers.
Persons: ApartmentAdvisor, , Lilly Milman Organizations: Service, Friendly U.S, Cities, Business Locations: Raleigh, North Carolina, Cedar Rapids , Iowa, Raleigh , North Carolina
New York CNN —A toxic mix of surging rental rates and vanishing support for renters has catapulted evictions above pre-pandemic levels in some major cities. Evictions have increased most significantly in Sun Belt cities where housing affordability has worsened and where renters often have fewer protections. Other cities, including Minneapolis (+44%) and Columbus, Ohio (+37%), are also experiencing higher levels of evictions than before the pandemic. Three-quarters of the 34 cities tracked by the Eviction Lab had evictions increase between 2022 and 2023. The vast majority of evictions are for issues related to nonpayment of rent, according to the Eviction Lab.
Persons: , Chris Salviati, Kristolyn Lloyd, you’re, ” Lloyd, , Yuki Iwamura, , Lloyd, , ’ ” Lloyd, Diane Yentel, Brett Coomer, Jacob Haas, it’s, Haas, Heather Vargas, she’s, Vargas, ” Vargas Organizations: New, New York CNN, Princeton University ., Broadway, CNN, Bloomberg, Getty, Income Housing Coalition, Princeton’s, Houston, Harvest Time, Houston Chronicle, Investors Locations: New York, Sun Belt, Gainesville , Florida, Houston, Nashville, Fort Worth , Texas, Minneapolis, Columbus , Ohio, Columbus, Las, New York City, Covid, Manhattan, Queens, Texas, Florida, Atlanta, Las Vegas, Phoenix, Harris, South Carolina, Philadelphia, Wilmington , Delaware, Miami, Cleveland, San Diego, Citrus, Califonia,
Best United Credit Cards of 2024
  + stars: | 2024-07-23 | by ( Jasmin Baron | Angela Fung | Katherine Fan | ) www.businessinsider.com   time to read: +57 min
Best United Credit CardsBest if you're not exclusively loyal to United: Chase Sapphire Preferred® CardBest premium travel card if you aren't loyal to United: Chase Sapphire Reserve®Best United credit card for non-elite flyers: United℠ Explorer CardBest for travelers who check bags: United Quest℠ CardBest United Airlines credit card for business travelers: United℠ Business CardBest for United Club airport lounge access: United Club℠ Infinite CardBest for budget travelers: United Gateway℠ CardBest for road warriors: Ink Business Preferred® Credit CardBest for luxury travel: The Platinum Card® from American ExpressBest for renters: Bilt Mastercard®Introduction to United Credit CardsUnited flyers are spoiled for choice when it comes to airline credit cards. Best United credit card for non-elite flyers United℠ Explorer Card Apply now lock icon An icon in the shape of lock. United Credit Card Frequently Asked QuestionsCan miles earned on United credit cards be used for other airlines? Each United card is considered a different product, so you can have more than one United card — for example, the United℠ Business Card and the United Quest℠ Card. Why You Should Trust Us: How We Chose the Best United Credit CardsWhen considering the best United Airlines credit cards, we examined cards beyond those simply with the United Airlines name on the front.
Persons: Chase, Chase Travel ℠, Uber, Wiley, Julie Mehretu, Peacock, Uber Cash, you’re, Bilt, Experian, TransUnion ™, Equifax, it's, Cardholders, It's, MileagePlus, Avianca LifeMiles, you'll, , I'm, we've Organizations: Business, Club, Best United, United, Chase, United Airlines, United Club, American Express, United Credit Cards, United Chase Sapphire, Chase Travel, Sapphire, Hotel, FDIC, Chase Sapphire, TSA, Best, United ®, Best United Airlines, United ℠, Card, Express, Hilton, Marriott, Saks, Entertainment, Disney, ESPN, The New York Times, Street, American, Walmart, Global, Saks Fifth, Mastercard, Alliance, British Airways, JetBlue, Chase Sapphire Reserve, , United Gateway, MileagePlus, Air Canada, Singapore Airlines KrisFlyer, United Clubs, Locations: United, Canada, Chase TravelSM, Hulu, Southwest, Air Canada, Chase, Chevron
Fidelity Rewards Visa Signature OverviewIf you're new to investing and want a hands-off way to earn (and invest) rewards from your everyday spending, the Fidelity® Rewards Visa Signature® Card is an easy starting point. Fidelity Rewards Visa Credit Card RewardsWith the Fidelity® Rewards Visa Signature® Card, you'll earn 2 points per dollar you spend on every purchase. Fidelity Rewards Visa Signature Card Benefits and FeaturesNearly all of the Fidelity Visa card's benefits come as a function of being a Visa Signature card, which includes travel benefits, extended warranty, and lost luggage reimbursement. Fidelity Rewards Visa Credit Card Annual Fee and Other CostsThe Fidelity® Rewards Visa Signature® Card has a $0 annual fee, so you won't pay anything to keep it long-term. Why You Should Trust Us: How We Reviewed the Fidelity Rewards Visa Signature CardTo review the Fidelity® Rewards Visa Signature® Card, we followed our credit card rating methodology.
Persons: you'll, Roth, , I've, Schwab Organizations: Business Insider, Citi, Fidelity, Roth IRA, Fidelity Visa, Fidelity Cash Management, Elan Bank, Wells, Cash Locations: Sonoma County, New York
The Biden administration, along with congressional Democrats, broadened access to health insurance by temporarily beefing up the federal premium subsidies for Affordable Care Act policies. Providing middle class tax reliefAs a senator, Harris proposed providing middle-class and working families with a refundable tax credit of up to $6,000 a year (per couple) to help keep up with living expenses. Harris also campaigned on the measure – titled the LIFT the Middle Class Act, or Livable Incomes for Families Today – during her earlier presidential run. Like Trump, Harris proposed allowing the federal government to set “a fair price” for any drug sold at a cheaper price in any economically comparable country, including Canada, the United Kingdom, France, Japan or Australia. As California’s attorney general, Harris joined other states in pursuing several drugmakers for their pricing or practices, winning multimillion-dollar settlements.
Persons: Kamala Harris, Donald Trump, Joe Biden’s, Biden, Harris, Sen, Bernie Sanders ’, ” Harris, Sanders, Roe, Wade, , Kelly Baden, ” Baden, , Trump, , John Gimigliano, Harris ’ Organizations: CNN, Affordable, Wall Street, Congressional, White, Guttmacher Institute, Biden, Today –, KPMG’s, KPMG’s Washington National Tax, Trump, Profit Locations: Minnesota, Biden’s, KPMG’s Washington, Canada, United Kingdom, France, Japan, Australia
Read previewPhiladelphia has joined the national guaranteed basic income wave — with a focus on pregnant people and families experiencing housing insecurity. AdvertisementPhilly Joy Bank hopes to improve birth outcomesThe Philly Joy Bank pilot will offer $1,000 a month for 18 months to pregnant people beginning in their second trimester. It is a partnership between the Philadelphia Department of Public Health and the Philadelphia City Fund — with funding coming from the city and various foundations. Guaranteed income programs like Philly Joy Bank "should be the standard, not the exception," Coaxum said. Participants will pay about 30% of their personal monthly income toward housing, then they will receive guaranteed income to cover any remaining balance.
Persons: , ALICE, Nia Coaxum, It's, Coaxum, Dawn Benson, Benson, Noah Sheidlower Organizations: Service, Philly Joy Bank, Business, Nonprofit United, Philly, Bank, Health, Philadelphia Department of Public Health, Denver, Philadelphia Community Action, Philadelphia City Fund, Children's Hospital of Philadelphia, city's Department of Public Health, Philadelphia Housing Development Corporation, University of Pennsylvania, BI Locations: Philadelphia, Pennsylvania, America, Area, Chicago, San Antonio , New York City, Tioga, Cobbs
IHG One Rewards Premier Credit Card and IHG One Rewards Premier Business Credit Card cardholders receive instant IHG Platinum Elite status. Other ways to redeem IHG pointsOpt for airline miles instead of IHG Rewards pointsIf you'd rather receive airline miles for your stays instead of IHG Rewards points, that's an option, though redemption rates vary by airline. Transfer IHG points to a friendThere's also an option to transfer IHG points to a friend or family member at a cost of $5 per 1,000 points, or buying them through IHG's website. Use IHG points to attend special eventsThrough IHG Auctions, you can redeem IHG points for concerts, sports, special events, or other experiences. IHG Rewards Points Frequently Asked QuestionsHow many points do you need for a free night at IHG Hotels?
Persons: Atwell, IHG, Cash, you'll, It's, You'll, Cardholders, you’re, Bilt, Experian, TransUnion ™, Equifax, Chase, Uber, Smith, IHG cardholders, we've, They'll, cardholders, There's, haven't Organizations: Business, InterContinental Hotels Group, Read, IHG Rewards, Intercontinental Hotels Group, Intercontinental Hotels, InterContinental Hotels, Resorts, Regent, Crowne, InterContinental, Resorts Kimpton, United, Hotels, InterContinental ®, Crowne Plaza, FDIC, TSA, United Travel Bank, Card, Business Credit, Business Credit Card, Chase Travel, Chase, Sapphire, Hotel, Mastercard, Alliance, Chase Sapphire Reserve, InterContinental Alliance Resorts, Macao, Parisian Macao, Hertz, Diamond Elite, Apple, Services, Rewards, Club, Club Member, Gold, Silver Elites, Elites, Elite, Diamond Elites, InterContinental Ambassador, IHG, American Airlines, Alaska Airlines, Delta, JetBlue, United Airlines, Cross, Goodwill, CARE, International Federation of Red, Red Crescent Societies, Diamond, Bilt Locations: Vegas, Venetian Macao, Parisian, OpenTable, Grubhub, Chevron
The Aeroplan® Credit Card earns points directly, or you can transfer flexible points to Aeroplan. Using Aeroplan credit cardsThe Aeroplan® Credit Card is the only U.S. credit card that earns Aeroplan points directly. Aeroplan® Credit Card cardholders can also redeem Aeroplan points toward any eligible travel purchase through Chase Pay Yourself Back. So if you transferred 60,000 Marriott Bonvoy points, you'd end up with 20,000 Aeroplan points, plus a 5,000-point bonus for a total of 25,000 Aeroplan points. Aeroplan Rewards frequently asked questionsHow can I earn Aeroplan points without flying?
Persons: we'll, Aeroplan, Chase, It's, cardholders, Uber, Wiley, Julie Mehretu, Peacock, Uber Cash, you’re, Bilt, Experian, TransUnion ™, Equifax, , Hilton Organizations: Business, Business †, Marriott, Air Canada, Star Alliance, Read, Rewards, Canada, United Airlines, Lufthansa, ANA, Air, Air Canada Flying Air, Travelers, Air Canada Partner Airlines Aegean Airlines Aer Lingus Air China Air, Air Dolomiti Air India Air Mauritius Air New Zealand Air Serbia All Nippon Airways, Austrian, Avianca Azul, Airlines Bamboo Airways, Calm, North Cathay, Central Mountain Air Copa Airlines Croatia Airlines Egyptair Emirates Ethiopian Airlines Etihad Airways, GOL, Air Juneyao Airlines, Polish Airlines Lufthansa Middle East Airlines Olympic Air Oman Air PAL Airlines Scandinavian Airlines Shenzhen Airlines Singapore Airlines South African Airways SriLankan Airlines, TAP Air, Turkish Airlines United Virgin Australia Vistara, United, Air New Zealand, American Express, Chase, FDIC, Singapore Airlines, Global, TSA, Express, Hilton, Saks, Entertainment, Disney, ESPN, The New York Times, Street, American, Walmart, Saks Fifth, Capital, One, Premier, Chase Travel, Sapphire, Hotel, Chase Sapphire Reserve, Aeroplan, ™ Card, Mastercard, Alliance, Coast Hotels, Hilton Honors, Radisson, Wyndham, Avis, Budget, Apple, JetBlue, Fly United, All Nippon Airways Locations: Canada, Canadian, United, Air Canada, Air Canada Flying Air Canada, U.S, cardholder, Singapore Airlines ., rideshares, Hulu, Aeroplan, Alaska, Hyatt, America, Mexico, Central America, Caribbean, Europe, East, Africa, India, Asia, Oceania, Australia, New Zealand, South America, North America, West Coast, Hawaii, Seattle, Vancouver, Tokyo, Frankfurt, Chevron
You can quickly earn United miles with excellent credit cards like the United℠ Explorer Card. Fly on United Airlines and alliance partnersFlying with the airline is the most obvious way to earn United miles. You can also use United MileagePlus miles on a number of airline partners, or choose to earn United miles when flying with airline partners. United Miles Frequently Asked QuestionsHow can I earn MileagePlus miles without flying? You can earn miles through MileagePlus Dining and MileagePlus Shopping, as well as spending on United co-branded credit cards.
Persons: you'll, Platinums, Chase, MileagePlus, You'll, Chase Travel ℠, you’re, Bilt, Experian, TransUnion ™, Equifax, Uber, Miles, Read, There's, United stealthily, Silver, They're, Organizations: Business, Club, United, Lufthansa, Air Canada, Read, United MileagePlus, United Airlines, United Express, Silver, Premier Golds, Star Alliance, Air, SAS, Singapore Airlines, United Cruises, MileagePlus, United ®, United Club, FDIC, , Card, Card United, Chase Travel, Chase, Sapphire, Hotel, Target, Walmart, Chase Sapphire, TSA, Chase Dining, Sapphire Reserve, Ink, Mastercard, Alliance, Polaris, carrier's Star Alliance, Broadway, Qualifying, Marriott, Premier Gold United, Premier, 1K, Airlines, Star Alliance — Locations: Air Canada, airfare, Canada, United, Chase TravelSM, United.com, skyrocket, Europe, Asia, Chevron
In 2022, 39% of the 134 million families residing in the U.S. did not own the home they lived in, according to Census data. But on the other hand, households might be unaware they can afford a mortgage, said Orphe Divounguy, senior economist at Zillow. "If rental prices are coming up, maybe it's a good time to consider [buying instead]," she said. "The first step is trying to understand whether or not it's worth getting all the paperwork together," she said. Understanding the status of your credit and your debt-to-income ratio is a good place to start.
Persons: Zillow, Orphe Divounguy, Melissa Cohn, Cohn Organizations: American, Survey, U.S . Census, Zillow, Finance, William, Mortgage Locations: U.S
Biden unveils plan to cap rent hikes
  + stars: | 2024-07-16 | by ( Samantha Delouya | ) edition.cnn.com   time to read: +5 min
That’s aimed at incentivizing new rental property construction to increase supply of apartments and homes for rent. “While the prior administration gave special tax breaks to corporate landlords, I’m working to lower housing costs for families,” Biden said in a statement. Some federal lands could be repurposed for housingBiden announced two additional efforts aimed at reining in high housing costs on Tuesday. During CNN’s presidential debate in June, Biden hinted at his new plan to address rent increases. There are currently 1.6 million units under construction in the US as of May, according to Federal Reserve data.
Persons: Joe Biden, That’s, ” Biden, Biden, Adrianne Todman, We’re, Organizations: CNN, Republicans, Joint Center for Housing Studies, Harvard University, Land Management, US Postal Service, Housing, Urban, NATO Summit, Housing Solutions Coalition, Mortgage Bankers Association, Federal Reserve Locations: Nevada, , Challanooga, Houston, Miami, Las Vegas , Syracuse, Trenton , New Jersey, Huntsville , Alabama, United States
Read previewPresident Joe Biden on Tuesday rolled out a plan offering landlords a choice: cap annual rent increases at 5% for the next two years or risk losing valuable tax credits. These landlords control more than half the national rental market, according to senior White House officials. Corporate landlords who increase rent by more than 5% would lose the valuable tax benefit known as depreciation deductions. AdvertisementA focus on housing affordabilityAs president, Biden has pushed a series of pro-housing policies and generally favored more federal participation in housing policy. Tuesday's move is part of a series of recent housing policy announcements from the administration.
Persons: , Joe Biden, Lael Brainard, Biden, Donald Trump, alledgedly colluding, Kamala Harris, Janet Yellen Organizations: Service, White House, Business, Harvard Joint Center for Housing Studies, Harvard, Tax, Republicans, Union Locations: Nevada, Clark County, Henderson , Nevada, State
"It can be a good way to get into the property market," she said, especially if you live in a city where home prices are out of your budget. About 55% of small-portfolio rental owners hire a property manager because they don't live near their rental property, according to the State of the Property Management Industry Report by Buildium, a property management software company. However, hiring a property manager comes at a cost, which depends on factors such as the property location and services provided. Property manager fees can reach up to 25% of the monthly rent price, depending on the specifications, according to Apartment List. That's good news for renters, "but not good news if you're a property owner," said Fairweather.
Persons: Oscar Wong, Danielle Hale, Hale, they're, Daryl Fairweather, Fairweather Organizations: Finance, Redfin, Property Management Locations: United States
The nature of illegal lockouts means they are hard to track directly. One of the responding officers calls a sergeant over, who says there's nothing else they can do. While only 14% of lockout calls led to a police report, 86% of calls about shoplifting did. As they walk over, one of the officers tells the other to look up "illegal lockout" on his phone. A 2006 bill that would have defined illegal lockouts for all Illinois residents was defeated.
Persons: Alfred Perry, He'd, Perry, Dan Wright, Perry didn't, Wright, Bridget Bennett, Dan hadn't, I'd, he'd, Charlie Bliss, Matthew Desmond, Lockouts, Jersey City's, haven't, he's, David Leibowitz, Leibowitz, , Pretium —, Kristi DesJarlais, Siegel, Sean Thueson ​, , Thueson, Blackstone, lockouts, Pretium, Katherine Kelly, RealPage, Jennifer Bowcock, William Prosser ,, they're, Donna Rossi, Sara Heymann, Meghan Aguilar, Misty Skinner, Skinner, Levi Wilhelm, It's, hasn't, I've, Wilhelm, they'd, Jeffrey Uno, Deirdre Orange, isn't, Daniel Benavidez, Jenny Chavez, criminalizing, Rob Bonta, Eric Carter, John Bartlett, Carter, Fred Fuchs, Steve Cohen, Michael Bennet, Sarah Saadian, Douglas Farrar, Kelly, Fuchs, Heymann, who've Organizations: Labor, Chrysler, Social Security, Business, North Las Vegas Police Department, Child Protective Services, Las Vegas Justice, Atlanta Legal, Atlanta Police Department, Atlanta, Supreme, Department of Housing, Los Angeles Police Department, Houston —, Arizona, Housing Association, Invitation Homes, Siegel, Siegel Group, Blackstone ., Progress, Homes, Union, city's Housing Department, Miami, Police, Houston, Houston Police Department, Phoenix, Criminal, Chicago, Chicago Department, LAPD, Records, Jersey City, Las Vegas Metropolitan Police Department, Las Vegas Metro Police, Legal, Foundation of Los, Phoenix Police Department, Fulton County Marshal's Department, Avondale Police Department, Avondale Police, Metropolitan Tenants Organization, Texas Justice Court, Court Training Center, Illinois, National Weather Service, Democratic, Senate, Income Housing Coalition, Consumer Financial Protection Bureau, Federal Trade Commission, FTC, AGs Locations: Las Vegas, Detroit, Vegas, United States, Perry's, Princeton, Milwaukee, Los Angeles, Chicago, Atlanta, South Chicago, Phoenix, Jersey, New Jersey, Jersey City, Houston, Nevada, . Texas, Harris County, Texas, Arizona, Washington, city's, Atlanta , Miami, California, New York City, Spring Valley, Spring Valley , Nevada, Las, Foundation of Los Angeles, Avondale , Arizona, Arkansas, Georgia , Mississippi, Pennsylvania, Wyoming, In Connecticut , Massachusetts, Minnesota , New Jersey, New York, Delaware, Illinois
Unprotected at the margins of the rental market
  + stars: | 2024-07-10 | by ( Cecilia Reyes | ) www.businessinsider.com   time to read: +31 min
Officers interviewed two motel residents who called 911; they said they did not want to leave their homes. Alyssa Pointer for Business InsiderIn Georgia, an eviction requires a court order, but the law doesn't explicitly make lockouts illegal. In this case, an officer classified the incident as a "crime against property" — a crime committed by the residents themselves. In unincorporated Clark County, where the property is located, operating a short-term rental without a license is illegal. Matthew Main is an attorney who has represented residents in similarly precarious housing situations in New York City, where state law also grants residents tenants' rights after 30 days.
Persons: they'd, Alyssa Pointer, doesn't, Eric Tars, Marshall Rancifer, Rancifer, Larry Johnson, Johnson, Lindsey Siegel, Freddie Mac, Rausch, Bridget Bennett, Harrison Bohn, Charlie Bliss, Andrew Cauthen, Brandon Turner, Darlene DeLaRoca, she'd, Mike Rausch, Harry Reid, DeLaRoca, Luis Barraza, Barraza, haven't, Stacey Welling, David Brown, Eric Dunn, Neason, Lynetrice Preston, Altonese Weaver, that's, Bliss, Roy Barnes, Barnes, Tera Strawter, Khari Varner, Strawter, Varner, Puentes, Guy Girardin, Girardin, Brown, Brian Michael Schwalbe, Schwalbe, you've, Natalie Bergevin, Bergevin, Matthew Main, gamesmanship, Main, Paul Panusky, Sara Heymann, I've, Michael Duckworth, Duckworth, he'd, Abel Uribe, Matthew Walberg Organizations: Labor, Business, National Homelessness Law, Justice, All Coalition, for Disease Control, Police, Housing Justice League, Atlanta, Atlanta Legal, US Department of Education, Pratt Center for Community Development, UCLA, Legal, Center of Southern, Natson, Facebook, Harry, Walmart, BI, Las Vegas Justice Court, National Housing Law, Atlanta Legal Aid, Atlanta . Tenants, DeKalb County Police Department, Georgia Supreme, Lutheran Social Services of, Las Vegas, Regional Justice Center, Go Locations: Dekalb County, Panthersville, Atlanta, Dekalb, Georgia, United States, Florida , Kentucky, DeKalb County, DeKalb, New York City, Los Angeles, Clark County , Nevada, Center of Southern Nevada, Nevada, California, Las Vegas, Clark County, Clark, Lutheran Social Services of Nevada, Las Vegas . Nevada, Chicago, Chicago's Roseland, Cook, City, DeLaRoca, Vegas
Zumper analyzed median asking rents for apartment listings in the largest 100 U.S. cities by population. Rents have also risen by at least 10% for both one- and two-bedroom apartments in other major metros: Lincoln, Nebraska; Chicago; Buffalo, New York; Madison, Wisconsin; Rochester, New York; and New York City, according to Zumper. What causes rent inflationAt a high level, rent inflation is guided by supply-and-demand dynamics, said Crystal Chen, an analyst who authored the Zumper analysis. Basically, areas with fast-growing rents are seeing demand outstrip the supply of available apartments, while those with falling rents have seen their apartment inventories growing. Rent inflation has fallen substantiallyRent inflation plummeted in the early days of the Covid-19 pandemic.
Persons: Jamie Kelter Davis, Zumper, Crystal Chen, Eric Adams, Fitch, Chen Organizations: Bloomberg, Getty, New, New York City Department of Housing Preservation, Development, Finance, York City Locations: Chicago, U.S, Syracuse , New York, Lincoln , Nebraska, Buffalo , New York, Madison , Wisconsin, Rochester , New York, New York City, Oakland , California, Memphis, Chattanooga , Tennessee, Cincinnati , Ohio, Colorado Springs , Colorado, Irving , Texas, Jacksonville , Florida, Raleigh, Greensboro, Durham , North Carolina, New York, Akron , Ohio, Wichita , Kansas, York
Here's how bad housing affordability is now
  + stars: | 2024-06-25 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com   time to read: +4 min
Home prices set another record in April, even as mortgage rates rose and the supply of homes for sale increased. Usually, under those circumstances, prices would weaken, but today's housing market is unlike any other in recent history. The housing cost burden has hit a record, according to a new report from Harvard's Joint Center for Housing Studies. Housing supply was already low before the Covid pandemic hit, because homebuilders had yet to recover from the 2008 financial crisis. Then there was a pandemic-induced run on housing, causing supply to drop to record lows for several years.
Persons: Brian Luke, Dow, HJCH, homebuilders, Homebuilders couldn't, Orphe Divounguy Organizations: Mortgage News, Dow Jones, Harvard's, for Housing Studies
The multiple exceeds 9 and approaches 12 in the hottest markets, rendering them "impossibly unaffordable," per a recent study. That's according to "The State of the Nation's Housing 2024" report published by Harvard University this week. Only 6.6 million — fewer than 15% — of the 45 million renter households in the US make enough to afford the median payment. Indeed, the Harvard study found that 23% of homeowner households were "stretched worryingly thin," and more than a quarter of renters were paying at least half their incomes toward housing and utilities in 2022. Many homeowners are seeing their incomes squeezed by steeper prices and interest payments, and many renters have given up on buying a home.
Persons: , Robert Gauthier Organizations: Service, Business, Harvard University, Survey, Consumer Finances, Harvard Locations: La Habra , California
Days before admittedly stabbing and dismembering tech CEO Fahim Saleh, ex-personal assistant Tyrese Haspil admittedly used $750 of his victim's money to buy this 6-by-6-inch cake for his girlfriend. Anything less than unanimity — say if one juror accepts Haspil's EED defense and 11 do not — will cause a mistrial. Killer Tyrese Haspil, left, and Fahim Saleh in the lobby of Saleh's Lower Manhattan condo complex, one minute before the attack. Tyrese Haspil, accused of the 2020 murder-dismemberment of tech CEO Fahim Saleh, in state Supreme Court in Manhattan. Fahim Saleh is facing his killer, Tyrese Haspil, as the elevator doors close on the victim's apartment.
Persons: , They'll, Tyrese, Fahim Saleh, Haspil, Saleh, Tyrese Haspil, Louis Vuitton, Chauveau, Alan Chin, who'd, Barry Rosenfeld, he'd, Linda Ford, He'd, Exed, Tasers, Fahim Saleh's, Joseph Goldstein, Sam Roberts —, Society — Organizations: Service, Business, Attorney, Louis, Manhattan, Home Depot, York Penal Law, Amazon, Buy.Taser.com, New York, Society Locations: Manhattan, France, Lower Manhattan, American, Gokada, Nigeria, Brooklyn, Lagos, New York, balaclava, New
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailA renter's experience of the housing market really depends on where they are right now: Igor PopovIgor Popov, Apartment List chief economist, joins 'Squawk Box' to discuss the rental market in the U.S., impact of rising rents on the housing market, and more.
Persons: Igor Popov Igor Popov Locations: U.S
Meanwhile, the gas index rose 2.2% from May 2023 to this past May, higher than the 1.2% year-over-year increase in April. The food index rose 2.1% for the 12 months ending May after it was consistently seeing year-over-year increases of 2.2%. More specifically, the food at home index rose 1.0% for the 12 months ending May after a 1.1% increase. Meanwhile, the food away from home index rose 0.4% in May from the preceding month and 4.0% year over year in May. Inflation measures like the CPI suggest US inflation is still too high although these rates look a lot better than back in 2022.
Persons: , it's, Elizabeth Renter, David Kelly Organizations: Service, Index, Bureau of Labor Statistics, Business, CPI, BLS, Housing, Morgan Asset Management
CNN —Lydia Wu had never driven an electric vehicle before she rented a car from Avis last February. Rental car companies may have overestimated their customers’ readiness for a switch, though. In my case, I’ve rented EVs from Turo, a peer-to-peer car rental platform that’s sort of like Airbnb but for cars. Customer service as keyJoulez, an EV rental company, rents its fleet through its own website as well as through Turo. But not everyone has such a bad time when renting an EV from a big rental car company.
Persons: Lydia Wu, Wu, EVs, Hertz, Stephen Scherr, it’s, ” Hertz, Doug Jensen, Tesla, , , ” Wu, I’ve, Micah Bergdale, they’re, Joulez, Jay Waldron, Waldron, Kia Organizations: CNN, Avis, Cox Automotive, Tesla, General Motors, Hertz, Kia, EV, Turo, Hyundai Kona EV, National Locations: Kansas City , Kansas, Hertz, San Diego, it’s, Polestar, New York City, , Turo, Georgia, Washington, DC
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