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☆ 24 major cities where renters can save at least 10% compared to the national median
▼ + stars: | 2024-10-17 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

Here are 24 real-estate markets where rent is at least 10% below the national median. Median rent in the 50 largest US metropolitan areas dipped to $1,743 last month, according to an October 16 report from Realtor.com. Asking prices were lower year-over-year for the 14th straight month, though they were only a few dollars cheaper than in September 2023. Business Insider reviewed Realtor.com's list of the 50 biggest US cities and narrowed it down to the two dozen cities where rent was at least 10% less than the national median of $1,743 last month. Below are those 24 major US cities, along with each location's median rent in September, the year-over-year and month-over-month changes, and the savings versus the national median rate.

Persons: —, Jiayi Xu, Danielle Hale, Xu, Hale Organizations: Service, Nashville's, Dallas Locations: Southern, Denver, Austin, Birmingham, Midwest, Chicago, Detroit

☆ She felt trapped in her corporate job in NYC, so she quit and moved to South Korea. Now, she lives alone in a $640-a-month loft.
▼ + stars: | 2024-10-16 | by ( Amanda Goh | ) www.businessinsider.com time to read: +7 min

Chen Teng left her corporate job in New York to move to South Korea in 2016. Now, she lives in a cozy loft and pays 870,000 Korean won, or $640, for rent each month. AdvertisementFeeling trapped at her digital marketing job in corporate America, Chen Teng made a spur-of-the-moment decision to quit and move to a different country. Related storiesHer budget was 10 million Korean won for her deposit, and then under 900,000 won a month for rent. Her rent is 870,000 Korean won, or $640, each month, and Teng paid a deposit of 10 million Korean won for the apartment.

Persons: Chen Teng, —, Teng, weren't, There's, I'm, nothing's, I've Organizations: Service, Yorker, Seoul — Locations: New York, South Korea, Seoul, America, Asia, Korea, Mok, Korean, Brooklyn, Manhattan —, Zillow, New York City

☆ Can Harris Really Build 3 Million New Housing Units?
▼ + stars: | 2024-10-16 | by ( Conor Dougherty | Anna Watts | ) www.nytimes.com time to read: +5 min

Pretty much since they arrived, Mr. Muir and his family have been trying and failing to find a single-family house for no more than $500,000. “I’m like, ‘Wow, I thought this would be a more affordable place to live,’” said Mr. Muir, who is 44 and works in financial services. They disagree, however, about whether Ms. Harris’s plan would actually do that. (Economists also agree that former President Donald J. Trump’s housing plan, which aims to free up housing by deporting immigrants, would probably make the housing crisis worse by devastating the construction work force). Ms. Harris’s main challenge will be convincing them to build.

Persons: Luke Muir, Muir, ’ ”, “ It’s, Kamala Harris, Harris’s, Donald J, Mark Zandi, Harris, ”, Ed Pinto, playbook, Jason Morris, Withey Morris Baugh, Ms, “, Mr Organizations: American Enterprise Institute, Arizona Legislature Locations: Phoenix, Louisiana, San Diego, Maricopa County, California, Arizona

☆ Can these ultra-exclusive luxury destinations help extend your life? They’d certainly like to try
▼ + stars: | 2024-10-14 | by ( Jacqui Palumbo | ) edition.cnn.com time to read: +13 min

Or residents can indulge in hyperbaric treatments, breathing in 100% oxygen in a pressurized chamber which has shown promising anti-aging results. Ice plunges and saunas in renderings of the 122-story Six Senses Residences in Dubai, due to be completed in 2028. This year, a new offering by Equinox includes biomarker testing and customized coaching for fitness, nutrition and recovery. A quest for peak performanceContinuum Club, located in New York City, takes a similar approach to health with the help of AI. Paul Bundy“(Can) you ski longer, hike faster, push the human potential and boundaries within recreational modalities?” Zhang posed.

Persons: ”, Kevin Cavaco, Harley Pasternak, Kim Kardashian, Lady Gaga, Halle Berry, he’s, I’ve, Bryan Johnson, —, ’ biometrics, Tom Wingert, Brian Berkowitz, We’ll, “, we’re, ‘, what’s, Wingert, Matthew McConaughey, Ken Hayden, Christian Davies, Davies, Covid, Priya Mrinal, Woods Bagot, Reed Hastings, Jenny Holzer, James Turrell, Arthur Jafa, Paul Bundy, Alex Zhang, Paul Bundy “, Zhang, We’re, Pasternak Organizations: CNN, Dubai Marina, Dubai, Apple, Equinox, Continuum, Continuum Club, Netflix Locations: Dubai, Prairie, Switzerland, Lanserhof, Austria, New York City, Sedona , Arizona, Arizona, Sedona, Dubai Marina, Utah, Aspen, Deer, it’s

☆ The stock market has officially enjoyed a bull rally for over two years. So now what?
▼ + stars: | 2024-10-14 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, the stock market has officially enjoyed a bull rally for over two years. The big storyBullish on the bull marketNoam Galai/Getty ImagesHappy belated birthday to the stock market's bull rally! Stock market experts who spoke with Business Insider's Matthew Fox don't see things slowing down anytime soon . In fact, the average bull market lasts longer than five years, so we might not even be halfway to the finish line. The actual stock market is healthier, too, as it's no longer reliant on the Magnificent Seven's performance.

Persons: —, Noam Galai, Insider's Matthew Fox, Chelsea Jia Feng, we've, Alex Brandon, Jamie Dimon, Ken Griffin, he's, Republican megadonor hasn't, BlackRock, Jett Lara, Augustus Doricko, Doricko, Roblox, Natalie Ammari, Inflation's, Z's, It's Elliott Hill's, Hill, It's, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Milan Sehmbi, Amanda Yen Organizations: Business, Service, Nasdaq, Dow Jones, Stock, Insider's, JPMorgan, Republican, Citadel, Wall, Menlo Ventures, Nike, Columbus, District of Columbia Locations: Chelsea, Ukraine, El Segundo , California, a16z, New York, it's, Italian American, London

☆ China's real estate stimulus could boost this stock, analysts say
▼ + stars: | 2024-10-13 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

While China's property development giants find their footing amid the ongoing real estate slump, several analysts have their sights on housing transaction and services platform KE Holdings . The stock also trades in Hong Kong. In contrast, an index of Chinese property stocks in Hong Kong has gained just under 3% for the year after a volatile three weeks. But China's giant property developers now face a market that's very different from the one they saw in their heyday. Goldman has a price target of 54 Hong Kong dollars ($6.95) and $21 for the company's U.S.-listed shares.

Persons: Jefferies, Xi Jinping, Richard Tang, Hong Kong, Julius Baer, Tang, Goldman Sachs, Goldman, — CNBC's Michael Bloom Organizations: KE, KE Holdings, Jefferies, CNBC, People's Bank of, Bank of America Securities, Bank of America, BofA Securities, Goldman, Hong Locations: U.S, Hong Kong, Friday's, China, People's Bank of China, Beijing, Hong

The classic American dream of owning a home with a white picket fence has never looked more different. But when buyers get creative, is it worth the money? From converting an abandoned high school to luxury apartments, to decommissioning an airplane and setting it up in the woods, these homeowners defy all odds of convention. Take a look inside all of the unique homes in this special abandoned properties episode of Unlocked.

☆ Look inside an abandoned high school turned $3.3 million apartment complex—and 4 more multimillion-dollar dream homes
▼ + stars: | 2024-10-12 | by ( Nicolas Vega Celia Fernandez Jennifer Liu | Nicolas Vega | Celia Fernandez | ) www.cnbc.com time to read: +7 min

An abandoned baseball stadium is now a $14 million luxury apartment complexThe Stadium Lofts has 138 units and Stadium Flats, the four-building complex next door, has 144. "We designed it such that when you walked in, you felt like you were walking into a historic stadium rather than an apartment building," Watson said. They turned an old school into a 31-unit apartment building"Bowtie High" was converted into a 31-unit apartment building. After enlisting real estate investor Adam Colucci and developer Dan Spanovich, the trio bought the abandoned Bowtie High for $100,000. They embarked on an 18-month renovation beginning in 2020 to turn it into an apartment building.

Persons: Michael Potter, Michael Cox, John Watson, Cox, Watson, Alexis Zakis Jesse Wig, Adam Colucci, Dan Spanovich, Katie Tarasov, Joe Sobczak, Sobczak, Peter Bittner, Sheila Consaul's, Consaul, Rubia Daniels Organizations: CNBC, Indianapolis Indians, Sobczak, San Francisco International Airport, San Carlos Airport, SFO, U.S . Air Force, Historic Lighthouse, Washington D.C Locations: Indianapolis, Tuolumne County, Bay, Yosemite, Fairport, Ohio, Lake Erie, Washington, Headlands Beach, Italy

☆ America's offices are about to see a wave of distress that could result in a billion square feet of fresh housing supply
▼ + stars: | 2024-10-12 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +7 min

Advertisement"The banks are going to have to dispose of that real estate," Barkham told Business Insider in an interview. John Vavas, a real estate finance attorney at Polsinelli who works with commercial real estate lenders, has worked on a handful of office-to-residential conversion deals this year. There's around 1.2 billion square feet worth of office space that could be spun into residential space, Yardi said in a separate report. Late payments on commercial real estate loans have climbed to 1.42% in the second quarter, the highest rate in nearly 10 years. Commercial real estate prices, meanwhile, dropped another 9% year-over-year in the first quarter, Fed data shows.

Persons: —, Richard Barkham, Barkham, RentCafe, John Vavas, Yardi, Vavas Organizations: Service, Federal, Silverstein Properties, Washington DC Locations: New York, United States, New York City, Dallas, Chicago, Los Angeles

CLEARWATER, Fla. — Two days after Hurricane Milton flooded The Standard at 2690 Apartments, representatives from the company that manages the 16-acre complex showed up Friday and barred tenants from returning to their homes. Before Milton arrived, McCoy said she noticed a maintenance worker boarding up the complex’s leasing office. "My neighbors ended up doing it for me.”As for the property managers, McCoy said, “They just were out like that. Police at the complex told reporters they rescued at least 500 other residents the same way. Samantha Hood, 32, who has lived at the complex for four years, said many of the tenants are poor families with children who live paycheck to paycheck.

Persons: Milton, We’ll, ” Angela Lentsch, Lentsch, Jas McCoy, McCoy, “, ”, couldn't, Kelvin Glenn, ” Glenn, Glenn, Sandra, Samantha Hood, Hood, Matt Lavietes, Corky Siemaszko Organizations: Infinity, NBC, Police Locations: CLEARWATER, Fla, Lentsch, Siesta, Clearwater, Florida, Old Tampa, Pinellas County, Bay Harbor, Montclair , N.J

☆ I visited The Container Store to see why sales are down. The selection was incredible, but the prices were higher than I expected.
▼ + stars: | 2024-10-11 | by ( Mykenna Maniece | ) www.businessinsider.com time to read: +3 min

I visited The Container Store, a home storage and organization chain, in New York City. The company's sales were down 12.2% in the first quarter of 2024 compared to the same period in 2023. Enter The Container Store, a home storage and organization retailer founded in 1978 in Texas. In June, the company reported that first fiscal quarter sales were down 12.2% compared to the first fiscal quarter of 2023, at $181.9 million in consolidated net sales. The Container Store did not reply to a request for comment from Business Insider.

Persons: I'm, —, I've, hasn't, Satish Malhotra Organizations: Service, Target, Ikea, Walmart, Retail, Business Locations: New York City, Texas, Manhattan

☆ People trapped in apartments send SOS signals after Milton floods area
▼ + stars: | 2024-10-10 | by ( Jennifer Smith | ) edition.cnn.com time to read: 1 min

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☆ Far-right conspiracy site Gateway Pundit settles 2020 defamation lawsuit brought by Georgia election workers
▼ + stars: | 2024-10-10 | by ( Marshall Cohen | ) edition.cnn.com time to read: +2 min

Washington CNN —Gateway Pundit, the far-right conspiracy site, has settled a defamation lawsuit from two Georgia election workers who were falsely accused of rigging the 2020 results. The Gateway Pundit, infamous for publishing extremely partisan and sensationalized material, often dabbles in baseless right-wing conspiracy theories. The company tried to declare bankruptcy in April, saying the 2020 defamation cases were threatening its solvency. Gateway Pundit is appealing that ruling. Freeman, Moss and Giuliani have a major hearing on the debt-collection efforts scheduled for next week in federal court in New York.

Persons: Ruby Freeman, Shae Moss, Rudy Giuliani, Jim Hoft, Donald Trump, Freeman, Moss, Giuliani, CNN’s Katelyn Polantz Organizations: Washington CNN —, Trump, CNN, New York Yankees Locations: Georgia, Decemeber, New York

☆ When Harlem Was ‘as Gay as It Was Black’
▼ + stars: | 2024-10-09 | by ( Derrick Bryson Taylor | Scott Reinhard | ) www.nytimes.com time to read: +30 min

Two Black men, in tuxedos, clasp hands and dance in a smoky foreground in a scene from "Looking for Langston," the 1989 film that reevaluated gay and lesbian contributions to the Harlem Renaissance. When Harlem Was ‘as Gay as It Was Black’ Mapping the people, homes and hot spots that transformed the neighborhood during its Renaissance. A map of Harlem with a location labeled “Ma Rainey at the Lincoln Theater” near 135th Street and Lenox Avenue. Michael Ochs Archives/Getty ImagesMap with location labeled “Bessie Smith at Hotel Olga” in the northernmost part of Harlem. was often called the living room of the Harlem Renaissance, and over the years provided a safe and affordable space for Black artists, writers and thinkers.

Persons: Langston, Henry Louis Gates Jr, Nicholas Park, Clare Corbould, ”, Ma Rainey’s, Ma Rainey, ” Ma Rainey, “, ” Donaldson, Gladys Bentley, Gladys Bentley West, Gladys Bentley West 133rd Street Gladys Bentley, Bentley, Michael Ochs, Bessie Smith, Hotel Olga ”, Bessie Smith Lenox, Lillian Simpson, Emma Chen, ” Smith, Porter Grainger, Everett Robbins, Ain’t, Jimmie Daniels ”, Jimmie Daniels, Daniels, Ethel Waters, Nicholas Avenue, Nicholas, Ethel Williams, Waters, ” Everett, Edna Thomas ”, Edna Thomas, Lloyd Thomas, Olivia Wyndham, Thomas, Wyndham, Georgette Harvey ”, Georgette Harvey, Maria, Porgy ”, Porgy, Bess, Musa Williams, Billy Rose, Hunter ”, Alberta Hunter, Lottie Tyler, Bert Williams, ’, ” Michael Ochs, Lindy Hop, Shane Vogel, Vogel, Jerome Robbins, James F, Wilson, Duke Ellington, Josephine Baker, Heather Nickels, Harry, Nickels, “ SAVOY, George Karger, Alain Locke, Countee Cullen, Richard Wright, Ralph Ellison, Langston Hughes, Olga ”, Olga Lenox, Edward H, Olga, Victor Hugo Green’s “, Bill “ BoJangles ” Robinson, Robert W Kelley, Alain Locke Washington, ” Alain Locke, Locke —, —, Nella Larsen ”, Nella Larsen, Street Nella Larsen, Larsen, Octavio González, Audre Lorde, Hughes, ” Arnold Rampersad, Countee Cullen ”, Harold Jackman, Cullen, Richard Bruce Nugent ”, Richard Bruce Nugent, Thurman, Jade ”, González, Nugent, ” Carl Van Vechten, Carl Van Vechten, Street Carl Van Vechten, Harold Jackman ”, ” Harold Jackman, Jackman, Maurice Hunter ”, Maurice Hunter, Corbould, Claude McKay ”, Claude McKay, West 142nd Street Claude McKay, Alexander Gumby, A’Leila Walker, A’Lelia Walker, Madame C.J, Walker, “ Wallace Thurman ”, Wallace Thurman, Zora Neale Hurston, Gwendolyn Bennett, Sydney ”, Sydney, Iolanthe Sydney, Du Bois, Thurgood Marshall, Robert “ Bobby ” Winchester, Horace Hicks, Isaac Julien, Mr, Julien Organizations: Harlem Renaissance, Harlem, The New, Black, Greenwich, Harvard, Central, Deakin University, Ma Rainey’s Georgia Jazz, Jazz, Lincoln, Lenox, Lincoln Theater, Street, Gladys Bentley West 133rd Street, New York Times, Michael Ochs Archives, Hotel Olga, Blues, Hotel, Lesbian, Blues Women, Communities, West, of Congress, Music Division, Federal, St, Library of Congress, Guild Theatre, Billy Rose Theatre Division, The New York Public, 138th Street, Alberta Hunter, West 138th, ” Michael Ochs Archives, Getty, Savoy, African American Studies, Yale University, Cabaret, 155th Street, Jerome Robbins Dance Division, 131st, CUNY, Hulton, West 133rd, 133rd, Avenues, Cotton, 142nd, Cotton Club 142nd Street, U.S, Swing, 141st, Ballroom, Blacks, 125th, 135th, Harlem Y.M.C.A, Harlem Branch, Columbia University, Lafayette Theater, Lafayette Players, Washington D.C, Wellesley College, 127th, Mount Morris Park, East 127th, 136th, The New York Public Library, Bettmann, Everett, 134th Street, Eighth, West 142nd, West 142nd Street, Cabaret School, Yale, American, Library, 136th Street, “ Infants, Columbia, Harlem’s Locations: tuxedos, Manhattan, Harlem, Central, Rockland, New York, St, Australia, Ma Rainey’s Georgia, Philadelphia, Colonial, British, Alberta, ”, —, Hamilton Lodge, Lenox, Seventh, Morris, Lafayette, Washington, Eighth, Mount Morris, Lenox Avenue, United States, Midtown, Black, Sugar

☆ Invasion of the dogs: How surging canine ownership is reshaping cities and businesses
▼ + stars: | 2024-10-05 | by ( Juliana Kaplan | Eliza Relman | ) www.businessinsider.com time to read: +14 min

The Dog Bar — a sprawling dog venue in Saint Petersburg, Florida —has had at least six (human) proposals, and one wedding. AdvertisementVirtually all US pet owners now say their furry companions are part of their family — up from 86% of dog owners and 78% of cat owners in 2006. "The dog today is not the dog of 10 years ago," Bobby Boivin, the co-owner of Boo's Dog Bar in Sarasota, Florida, said. And so we do that once or twice a year at Dog Bar." After adopting two puppies, he fell in love with a dog bar in his neighborhood.

Persons: —, Saint Petersburg , Florida —, It's, Kendal Kulp, Bobby Boivin, Stephanie Marble, Marble, Kyle Cissel, aren't, Cissel, Tara Downs, she's, Fred Metzler, Metzler, Luke Silverman, Stephanie Chez, Silverman, Kevin Knutson, Knutson, Kulp, they'd, That's, that's Organizations: Service, National Association of Realtors, Wall Street, American Pet Products Association, IKEA Locations: Saint Petersburg , Florida, Asheville , North Carolina, Sarasota , Florida, Florida, Santa, Washington, DC, Colorado, St . Petersburg , Florida, Sephora, Minnesota, Wagbar

Housing is one of many issues Vance, the Republican nominee, believes are rooted in the arrival of undocumented migrants in America. But many economists caution that connecting rising numbers of immigrants to housing costs is no simple thing. Other economists have noted links between immigrants and increased housing costs. Vance later shared two studies on housing and immigration that showed a link between increased immigration and rising housing costs — though each offered various caveats, including noting that the impact changes over time. Indeed, Zillow data shows a clear upward trend in Springfield rents this year compared with 2023.

Persons: America’s, Sen, JD Vance, Tim Walz, Vance, you’ve, ” Vance, Donald Trump, Walz, ”, ” Walz, Kamala Harris, Ernie Tedeschi, Joe Biden, Vance’s, Michelle Bowman, Chris Herbert, Herbert, Sharon Cornelissen, Bryan Heck, Democratic Sen, Sherrod Brown, Heck, ” Heck Organizations: Minnesota Gov, Republican, CBS, Democratic, NBC, White House, Federal, Cato Institute, Harvard University’s, for Housing Studies, Consumer Federation of America, NBC Boston Locations: Ohio, America, Springfield , Ohio, U.S, New York City, Los Angeles, Dearborn, Hamtramck, Detroit, Brockton , Massachusetts, Haiti, Cape Verde, Central, South America, Springfield, Washington

While there's no universal minimum credit score to rent an apartment, landlords generally prefer applicants with a good credit score, which is at least 670. How to improve your credit score for rentingIf your credit score isn't stellar right now, don't worry. The average credit score of a Gen Z consumer is 680 compared to the average baby boomer's credit score of 745. Credit builder loans and rent reporting companies can help you add credit history to your credit report. Frequently asked questions about apartment credit score requirementsCan you rent an apartment if you do not have credit?

Persons: —, TransUnion, Kendall Meade, Jay Zigmont, Jennifer, Read Organizations: Fair, Childfree, Business, Yahoo, Finance, CBS, MSNBC, CNBC, Forbes, Black Enterprise, USA, The Johns Hopkins University Carey School of Business, Business Journalists Locations: AnnualCreditReport.com, SoFi, Chevron, America, TheGrio, New York City

☆ Gen Z's New Side Hustle: Getting Rich As Airbnb Super Hosts
▼ + stars: | 2024-10-02 | by ( Amanda Hoover | ) www.businessinsider.com time to read: +11 min

Arbitrage hosts like Anderson take to TikTok, YouTube, and Instagram to offer advice and promote paid courses on how to start and build your own short-term-rental empire. A 25-year-old TikToker with the handle @airbbnbmastery101 titled one video "How to quit your job in 2024 and get rich." There's no way to know for sure how popular Airbnb arbitrage is. Related storiesBut Airbnb arbitrage, in theory, isn't illegal; it depends on local laws governing how short-term-rental properties are licensed. DeRose says that he regrets working in short-term-rental arbitrage and that "it's very clearly hurting" the housing market.

Persons: Hailie Anderson, factly, Anderson, —, Donald Trump, Dave Ramsey, Trump, Inayah McMillan, — tycoons, TikTok, she's, Airbnb, Jamie Lane, Alfred, They're, there's, Lane, Konrad Bicher, Wolf, Bicher, Tom DeRose, It's, it's Organizations: YouTube, HGTV, Target Locations: Austin, Salt Lake City, Nashville, Florida, New York, Cities, Barcelona, Europe, Asia

☆ What screams 'status' on Wall Street? Here's how the movers and shakers of finance are spending their money.
▼ + stars: | 2024-10-02 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +14 min

That said, everyone seemed to agree that the days of logo-forward purchases and other conspicuous signs of wealth are over — even on Wall Street. The industry's movers and shakers are still into name brands but are leaning into those that exude "quiet luxury." And where there are celebrities and influencers, there tend to be Wall Street dealmakers. It's not surprising that high-earners on Wall Street would have second homes (or, in many cases, multiple). The HamptonsThe beach towns of the Hamptons have long been a Wall Street favorite thanks to their proximity to Manhattan.

Persons: —, Ken Griffin, David Solomon, Goldman Sachs, Stephen Schwartzman, Blackstone, Jessica Cadmus, Cadmus, Marie Kondo —, I've, I'd, Zegna, Tom Ford, Claudio Lavenia, Van, Cartier, Jeremy Moeller, Hermes, Gucci, Jeremy Strong, Armani, Max Mara, Celine, Bottega, It's, it's, Sean Zanni, Wall Streeters Organizations: Service, Goldman, JPMorgan, Business, Paris Olympics, Bloomberg, Citadel, Anadolu, Getty, Wall Street, Street, BI, Wall, HBO, Hamptons Locations: Queens, New York, New York City, Africa, Costa Rica, Bottega Veneta, Manhattan, Montauk, Nantucket, Cape Cod, East Hampton , NY, Hudson

☆ Everyone's talking about RTO. Here's why a leading expert thinks remote work is 'here to stay.'
▼ + stars: | 2024-10-02 | by ( Nora Redmond | ) www.businessinsider.com time to read: +3 min

Amazon's RTO order has people questioning the future of remote work. Employees respondong to his surveys ranked the right to work from home equal to an 8% pay increase. AdvertisementThe pandemic-prompted right to remote work may be in trouble — Amazon hit headlines last month when it ordered all corporate employees back to the office five days a week from January. But Nick Bloom, a leading expert in remote work, said working from home was "here to stay" as he shared the latest developments in his 20-year research. Bloom concluded his presentation by saying remote work was "here to stay," citing big steps in technology that facilitate it, such as video calls and virtual reality.

Persons: Nick Bloom, —, Amazon's, Bloom Organizations: Service, Stanford University Locations: WFH, COVID

☆ She was still in college when she started applying for the housing lottery. Now, she pays $1,600 for a 1-bedroom apartment in NYC.
▼ + stars: | 2024-10-01 | by ( Amanda Goh | ) www.businessinsider.com time to read: +8 min

AdvertisementMitchell won the NYC housing lottery over a year ago. Molly Stromoski for NYC Department of Housing Preservation and Development"It's damn near as easy as swiping on a dating app. Molly Stromoski for NYC Department of Housing Preservation and DevelopmentTo qualify for an apartment, each household must meet specific income requirements. Applying for the housing lottery is free, but competition is stiff: According to the HPD, on average, there are 450 applications received per rental unit. AdvertisementShe has a piece of advice for those interested in the housing lottery: Apply, apply, apply.

Persons: Ceronne Mitchell, —, Mitchell, you'll, Molly Stromoski, Long, Lacey, It's, There's, I'm Organizations: New, Service, NYC Department of Housing Preservation, Department of Housing Preservation, Housing Development Corporation, Development, World Trade Center, Facebook, New York Locations: New York City, Queens, Brooklyn, NYC, New York, Zillow

☆ I grew up undocumented in a red state. I now have my dream career after receiving DACA — but my childhood was full of fear.
▼ + stars: | 2024-09-30 | by ( Charissa Cheong | ) www.businessinsider.com time to read: +8 min

Javier R. Quiroz Castro came to the US when he was three and applied for DACA when he was 22. In 2013, at 22, I applied for DACA — deferred action for childhood arrivals — and was given a work authorization card, enabling me to pursue a career in nursing. AdvertisementMy parents didn't have Social Security numbers or credit lines, so they always paid in cash. AdvertisementI applied for DACA, which opened doors for me to work legally in the USA year before I graduated from nursing school, President Obama announced DACA. AdvertisementThe US needs good people who work hard, and that's what a lot of my people want to do.

Persons: Javier R, Quiroz Castro, Quiroz, —, Javier, Obama, DACA —, I'm, I've, didn't, they'd, couldn't, DACA, Biden, haven't, Joe Biden, Trump Organizations: Service Locations: Houston , Texas, Mexico, Nashville, Houston

☆ Analysis: China is celebrating National Day but with the economic downturn not everyone is in the party spirit
▼ + stars: | 2024-09-30 | by ( Nectar Gan | ) edition.cnn.com time to read: +10 min

Tourists visit an ancient city gate in Beijing, China ahead of National Day. The stock market may be in the midst of one of its most remarkable turnarounds, but economists say reversing China’s economic downturn will require much more work. “Stimulating the stock market doesn’t really do much for the real economy in China. Very few people invest in the stock market compared to other major markets,” said Logan Wright, director of China markets research at Rhodium Group. Property woesThe outlook for the real estate industry, which makes up about a quarter of the Chinese economy and 70% of household wealth, remains dim.

Persons: Japan’s “, Xi Jinping, Xi, Xu Tianchen, Hong, David Tepper, ”, Logan Wright, Wright, There’s, ” Wright, “, hasn’t, Alfred Wu, Lee Organizations: Hong Kong CNN, Economist Intelligence Unit, Reuters, Shenzhen bourses, Securities Times, Tourists, Management, CNBC, Barclays, Communist Party, Lee Kuan Yew, of Public, National University of Singapore Locations: Hong Kong, China, People’s Republic, United States, Beijing, Shanghai, Shenzhen, Guangzhou, China’s, Xi’s

☆ We loved living in Austin but left after 10 years. Big businesses and tech wrecked our favorite parts of the city.
▼ + stars: | 2024-09-30 | by ( Laura Niebauer Palmer | ) www.businessinsider.com time to read: +5 min

We hated that many of the city's unique small businesses were being forced out due to high rents. We loved that the city was less hurried, had a small-town feel, and prided itself on its motto, "Keep Austin Weird." AdvertisementWe felt big businesses slowly took away from what made Austin special"Keep Austin Weird" is an ode to the eclectic mix of small businesses found throughout the city. Dmitri Kotchetov/ShutterstockThe Texas capital is known for its motto, "Keep Austin Weird," an ode to the eclectic mix of small businesses found throughout the city. The street was once lined with offbeat stores with unique Austin offerings and welcoming shop owners.

Persons: Austin, —, hasn't, Dmitri Kotchetov, we've, it's, Warby Parker, We've Organizations: Service, Apple, ABC TV, Nike Locations: Austin, Chicago, Texas, The Texas, Congress, Austin .

☆ A record number of apartments are getting built this year. That's great news for real estate affordability.
▼ + stars: | 2024-09-28 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +4 min

The US will see construction completed on a record number of apartments this year. The Sun Belt region in particular is seeing this dynamic play out. The US will see construction on a record number of apartments completed this year. They're now seeing rent prices fall, or at least remain stagnant as the rest of the nation lags behind. That means the market will eventually balance itself in the next few years, which will lead rent prices to once again rise, she said.

Persons: —, Laurie Goodman, Goodman, Austin, Chen Zhao, Zhao Organizations: Service, Housing Finance, Center, Urban Institute, Sun, metros, Dallas, Harvard Locations: Dallas, New York, Austin

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