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We've got three adult children, and two of them have boomeranged after college. I also look at the low interest rates from the pandemic, trying to prop up the economy. Interest rates — people don't want to move out of their homes when they have good interest rates. They don't sell because they know they're going to get into a new mortgage with higher interest rates. We feel like we're blessed that our adult kids want to spend some time with us.
Persons: , Alex Gonzalez, Gonzalez, We've, it's, They're Organizations: Service, Business, Utilities Locations: Bloomington , Minnesota, Minneapolis
This seven-bedroom 'zombie mansion' near Portland, Oregon, is listed for $1.3 million. The "zombie" house near Portland, Oregon, is now covered in graffiti. In Tigard, Oregon, about 10 miles outside Portland sits a 9,052-square-foot, seven-bedroom house that's never been lived in. It's been abandoned since 2008, after the builder had complications with his building loan during the recession, the Oregonian reported in December 2023. "The bones are good, and when it's built out, it will be a $3 to $6 million property."
Persons: Eric Squires, It's, Eric Squire, Squire, it's Organizations: Oregonian Locations: Portland , Oregon, Tigard , Oregon, Portland
The 2024 U.S. News & World Report list of the Best Places to Live in the US, which was released Tuesday, ranks 150 major cities based on their quality of life, education, crime rates, employment opportunities, and housing. Business Insider mapped the top 50 best places to live, with the top 15 colored dark blue. Southeastern Florida cities like Miami and Fort Lauderdale normally get most of the love from movers outside the state — or even the country. But this year, it's the western part of the peninsula that's well-represented on the list of best places to live. Many have been moving to Arizona, Florida, Texas, and Washington, citing factors such as high home prices, the climate crisis, and politics.
Persons: , Fort, Austin Organizations: Service, U.S . News, Places, Business, Sunshine State, Fort Collins, Council for Community, Economic Research, State Locations: U.S, Florida , Colorado, North Carolina, Northeast, Southwest, Florida, Colorado, Naples, Sarasota, Pensacola , Tampa, Fort Myers, Melbourne, Naples , Florida, Boise , Idaho, Southeastern Florida, Miami, Fort Lauderdale, Tampa, Colorado Springs, Boulder, Denver, Tennessee, South Carolina, Kentucky, Georgia, Alabama, Buffalo , Pittsburgh, Portland, Davenport , Iowa, Omaha, Lincoln, Texas, California, Austin, McAllen, McAllen , Texas, Francisco, San Diego . Washington , Oregon , Idaho , Nevada, Utah, Arizona , Florida , Texas, Washington
The 2024 list is out — and the best cities to live in are mostly in the South and the Midwest. AdvertisementThis year's top spots include a few cities consistently ranked among the best places to live, including booming Boise, Idaho, sandstone-hued Colorado Springs, and the southern banking hub of Charlotte, North Carolina. In addition to the availability of jobs and housing, US News & World Report places a strong emphasis on the overall standard of living in each area. AdvertisementAccording to US News & World Report, here are the 15 best places to live in the US. In these spots, residents are pretty satisfied with their lives, homes are relatively affordable, and there are plenty of jobs.
Persons: , Louis, glamor Organizations: Service, Business, Federal Reserve Bank of St, US News Locations: United States, Boise , Idaho, Colorado, Charlotte , North Carolina, Austin , Texas, Carolina, Greenville, Charleston , South Carolina, Naples , Florida, Naples
Our money was worth more back then, so we got more value for our Canadian dollar when we went shopping in the States. She was an American living in Atlanta and said, "Hey, why don't you come and spend the winter with me?" It almost seemed like Canada was 10 or 20 years behind, progressive-wise — and I don't mean politically. The amenities, the shopping, the food, and the restaurants in Canada are way behind if you're outside Vancouver or Toronto. I don't see why Canada is so appealing to AmericansCanada used to be an admired country worldwide, and now it's horrible.
Persons: , Jim D, Zeppelin, Mason, Dixon, I've, I'm Organizations: Service, Business, Fort Frances, Gas, Toyota, Healthcare, Ontario Health Insurance Locations: Canadian, Arizona, Flagstaff, Phoenix, Fort Frances , Ontario, International Falls , Minnesota, America, Fort, Minnesota, Africa, Tanzania, Canada, American, Atlanta, Vancouver, Toronto, Birmingham , Alabama, New Orleans, Baton Rouge , Louisiana, Jackson , Mississippi, Houston, Texas , New Mexico , Arizona , California, Hawaii, Ontario, United States, In Ontario, Fort Frances, Thunder Bay , Ontario, Thunder, Thunder Bay
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Open House OpticsThis week's dispatchSkinny houses, big dramaAdvertisementCould you live in a 10-foot-wide house? That's the case for this skinny home, which was built out of spite because the neighbors didn't want the house built on a leftover residual lot. iStock; Rebecca Zisser/BIEtihad Airways' private 'apartments'Forget business class — Etihad Airways offers private "apartments," or rooms with a closing door, a couch that converts to a bed, and a reclining chair. Rory JonesBuilding a home in BaliDespite never visiting the Indonesian island, an Australian couple built an investment property in Bali.
Persons: , didn't, Jordan, Rebecca Zisser, Guy Fieri, Kevin Mazur, Fieri, it's, Fiona Chandra, Rory, Casey Jones, Rory Jones, they're, Tyler Le, Colin, Young Sheldon, Ashley Madison Organizations: Service, Business, BI Etihad Airways, Etihad Airways, Conrad, CBS Locations: Albuquerque , New Mexico, Mission , Texas, New Haven , Connecticut, Jacksonville Beach , Florida, Washington ,, Maldives, Conrad Maldives, Bali, Indonesian, Australian
A 10-foot-wide, one-bedroom home was built in Washington, DC, on what used to be a driveway. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementA developer in Washington, DC, had a small canvas — about the width of a driveway — to build a modern home that's on the market for $581,903. Now, there's a 10-foot-wide, one-bedroom home on what used to be a driveway. This story is available exclusively to Business Insider subscribers.
Persons: , Jennifer Young, Keller Williams Organizations: Service, Keller, Keller Williams Chantilly Ventures, Business Locations: Washington ,
A 10-foot-wide house was built on a lot in Jacksonville Beach, Florida. If the neighborhood had its way, there wouldn't be a house there at all. AdvertisementWhat was once an empty residual lot used as a garden by a neighbor is now a 1,547-square-foot home in Jacksonville Beach, Florida — only 10 feet wide. The two-story house sits on a 25-foot wide lot (with a lot of depth) and even has space for a garage. This story is available exclusively to Business Insider subscribers.
Persons: , Ryan Wetherhold, John Atkins Organizations: Service, Business Locations: Jacksonville Beach , Florida, Oceanside Real Estate
Unexpected homebuying costs include loan origination fees and property taxes. Home-services firm Frontdoor listed the states with the highest unexpected homebuying costs. A report by home-services company Frontdoor identified the states that shackle buyers purchasing a median-priced property with the highest unexpected costs. AdvertisementWhen prices of homes alone are so high, these additional costs — which can total from about $11,000 to almost $18,000 — can further burden and frustrate homebuyers. Here are the 10 states where homebuyers spend the most on unexpected property fees.
Persons: , homebuyers, Frontdoor Organizations: Service, homebuyers
A developer in Hawaii accidentally built a house on it instead of the neighboring lot. Reynolds bought a one-acre plot of land in Hawaiian Paradise Park, a nearly 15,000-person subdivision on Hawaii's Big Island, for $22,500 at a tax auction. Reynolds' lot is just two miles from the beach. He told BI that in Paradise Park, unless you're next to the ocean or the highway, every parcel looks indistinguishable. Related stories"There are 8,000 one-acre lots in Paradise Park," Kenny said.
Persons: Anne Reynolds, , Anne, Reynolds, Trulia —, Doug Keown, Dana Kenny, Kenny, Peter Olson, James DiPasquale, I've, — I've, DiPasquale, they're Organizations: Service, BI, Savio Realty Ltd, Keaau Development, DiPasquale Locations: Hawaii, Paradise, California
Andrew Ibrahim moved from Florida to Portugal for a better life for himself and his family. When I rented in South Florida, I rented a one-bedroom apartment that cost me about $2,600 a month. In South Florida, you have so many different options for different cultures of food. I'm enjoying the culture and values in Southern PortugalThe south of Portugal is, I'd say, 350 days a year of sunshine. AdvertisementSouthern Portugal is kind of like island living because you have so many beaches around you, so it's very similar to living in South Florida.
Persons: Andrew Ibrahim, Ibrahim, he's, , I've, I'm, it's, we've, Eve Livesey, that's, there's, Brandon Rosenblum, There's, They've Organizations: Service Locations: Florida, Portugal, Gainesville , Florida, Algarve, South Florida, Gainesville, Montreal, Faro City, United States, Southern, Southern Portugal, , Europe, Praia, Carvoeiro, Lisbon
They can go where they want to go when they want to go, and it does save them a lot of money. You can live on one side of Lake Tahoe and pay no taxes versus the other side of Lake Tahoe and pay California taxes, which is around 12%. People with means absolutely find themselves going to Florida, but I don't think it's just for the money. We always tell people that being audited for residency is kind of like the tax version of a colonoscopy. Here in New York City, the top 1% of the taxpayers pay almost 50% of the New York City income tax.
Persons: Hodgson Russ LLP, Mark Klein, we'd, they've, that's, you've, they're Organizations: Service, Florida . Finance, TSA, I'm, Tri, Yorker, New Locations: Florida, New York City, Nevada, Texas, New York, Los Angeles, Lake Tahoe, California, Wyoming, Washington, Miami, Long, East Coast, Boca, Delray, Manhattan, York City
Dominique Raroha bought a duplex as a first-time homebuyer instead of a traditional house. Over the years stuff was sold off, we built houses, and we were able to subdivide that piece of property. Raroha bought a duplex as her first home. AdvertisementGiven the financial freedom of owning a duplex, buying another makes so much sense. To accomplish buying something like a duplex in this market, it does take years of planning.
Persons: Dominique Raroha, , Homeownership, South Jersey —, Raroha, It's, I'm, didn't, would've, it's Organizations: Service Locations: Sicklerville , New Jersey, Philadelphia, Voorhees , New Jersey, South Jersey, United States
But Zillow identified 5 US cities with the most homeowners likely to move — and sell their homes. Millennials and others struggling to buy homes may have better luck in the Northeast and Midwest. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe current tight housing market is often reduced to a generational standoff: baby boomers are holding onto their houses, keeping out millennial buyers. This story is available exclusively to Business Insider subscribers.
Persons: Zillow, Organizations: Service, Business Locations: Millennials, Northeast, Midwest
An office building in St. Louis sold for $3.6 million after selling for $205 million 18 years prior. Downtown St. Louis is filled with unoccupied buildings and an unwillingness to visit them. The steep drop in the tower's value is just one sign that St. Louis' central business district is struggling, reports say. Indeed, St. Louis' downtown resembles a ghost town with a number of boarded-up buildings, according to The Wall Street Journal's Konrad Putzier. AdvertisementThe problem with Midwestern cities, like St. Louis, is that there's not much attracting people to the center of the city — and that applies to commuters, tourists, and residents.
Persons: Louis, , Konrad Putzier, Glenn MacDonald, Business Insider's Eliza Relman, Michael Hicks, BI's Relman, Relman, Tracy Hadden Loh Organizations: Service, T, Goldman Group, News, Washington University, Olin Business School, Business, University of Toronto, Midwest ., Ball State University, Midwest, Brookings Institution Locations: St, Downtown St, Francisco's, North America, Midwest, Midwest . San Francisco, Indiana, , San Francisco and New York
Kathie Zucker, 57, lived in New Jersey her whole life, but is now moving to South Carolina. After visiting her daughter — who attends college in Charleston, South Carolina, she found that she liked the area. AdvertisementThis as-told-to essay is based on a conversation with Kathie Zucker, 57, and her decision to move to Charleston, South Carolina, from the New York City suburb of Butler, New Jersey. I wouldn't say my daughter living there was the sole consideration for moving. Our house in South Carolina is in a suburb called Moncks Corner, about 30 miles from Charleston proper.
Persons: Kathie Zucker, , I'm, I've, there's, Opendoor, Butler, it's Organizations: Service, New Locations: New Jersey, South Carolina, Charleston , South Carolina, Charleston, New York City, Butler , New Jersey, Virginia, Florida, North Carolina, Isle of Palms, Ohio, New York, there's, Summerville, It's, She's
Some towns and cities want people to move there so badly that they give things away for free. Some places are offering property to free homes or land. Here's a list of cities across the country that give free property to movers. According to the latest data from the Realtors' Land Institute, sales of American land increased 1.2% from 2022 to 2023, while its cost jumped 1.9%. Perks range from $10,000 cash, like in Tulsa, to free childcare and access to coworking spaces.
Persons: Organizations: Service, Realtors, Land Institute, Business Locations: Tulsa
Sage VanAlstine, 25, moved from a small US city to Paris after graduating from college in 2022. I studied abroad in France, then knew I wanted to move permanentlyI'm from Okemos, Michigan — it's a small town right outside the capitol, which is Lansing. Then I went to Michigan State University, which is in East Lansing, the town right next to Okemos. For me to be living in an apartment in a small town in Michigan and then pay a similar amount living in Paris — my dream city? AdvertisementBut Paris is a pretty international city, so things that I thought I might miss, I've actually found here.
Persons: Sage VanAlstine, She's, , I've, France —, VanAlstine, it'll, I'm Organizations: Service, Michigan State University, Paris, Eiffel Locations: Paris, America, Okemos , Michigan, Lansing, France, French, Okemos, East Lansing, Tours, Loire, , New York, Michigan, American
Some cities in the US try to lure people to move there by giving away property for free. In some spots, land is given for free, but the recipient is responsible for building a home. Here's a list of cities across the country that give free property to movers. Some towns, meanwhile, are offering movers land or entire homes at low or no cost. Here are a few places across the country that are offering land or property to movers.
Persons: , they're Organizations: Service, Realtors, Land Institute Locations: Tulsa, In Kansas, Iowa
About four years ago, when my landlord bought the property, I was his very first tenant. Before the pandemic, I had been in the market for quite a long time looking to buy a house. When I signed that first rental lease with my landlord in May 2020, I completely pulled myself out of the market. After being bummed about that, a few days later my landlord texted me saying, "Hey, I'm putting this house on the market. He shared with me that he bought his own place and that he was no longer going to be living in that house.
Persons: Dom Guerra, , There's, Guerra, Selena Tovanche, — I'm, you've, It's Organizations: Service, Ohio Housing Finance Agency Locations: Cleveland, Parma , Ohio
John-Robert Rodríguez moved to Culdesac, a car-free community in Arizona, in October 2023. AdvertisementThis as-told-to essay is based on a conversation with John-Robert Rodríguez, 24, a teacher in Tempe, Arizona, who lives in the car-free community Culdesac. Of course, it's different because now I'm car-free, but I imagine growing up in Tempe or in the Phoenix area, having the light rail and having buses is an option for you. I'm going to be completely car-free. AdvertisementEven the phrase "car-free" implies that cars are the default, and it's a dependency that we have.
Persons: John, Robert Rodríguez, He's, , Rodríguez, he's, It's, Culdesac, I've, We're, I'm Organizations: Service, Culdesac, Texas, Arizona State University, . Locations: Culdesac, Arizona, Tempe , Arizona, Pflugerville , Texas, Florida, Texas, South Florida, Tempe, Phoenix, Venice, Florence, South Tempe
Kylie Adamec moved to Portugal in 2022 after struggling to get her career off the ground in the US. I had a medical emergency when I was 23 years old, and I had a private healthcare plan in the United States. There's an analogy for how people socialize in the United States versus in Portugal. It describes people in the United States as peaches, and people in Portugal as coconuts. Moving back to the United States permanently?
Persons: Kylie Adamec, , I've, Adamec, he'd, who's, It's, Jermaine Amado, Camila Ana Organizations: Service, Colgate, North Locations: Portugal, Chicago, New York City, Lisbon, Wisconsin, Milwaukee, Madison, Toronto, Rome, Europe, New York, Tennessee, United States, Casa Azul, Americas, Japan, Turkey, Spain, Malaysia, Belize, El Salvador
Read previewMoving into their 360-square-foot floating home a year ago was a dream come true for Sarah Spiro and Brandon Jones. In 2023, there were 70 floating home sales reported on the Regional Multiple Listing Service, or RMLS, which covers the Portland area and a significant part of northwest Oregon, Portland Floating Homes real-estate broker John McPherson told BI. Lily and Dylan Rose moved onto their houseboat on Lake Union in Seattle in June 2019. AdvertisementHome insurance for a floating house tends to be about double what it is for a regular house on land, McPherson said. Additionally, the float — the part of the floating house that's equivalent to a foundation — deteriorates over time, McPherson said.
Persons: , Sarah Spiro, Brandon Jones, Spiro, keepingafloatwiththejoneses Spiro, Jones, keepingafloatwiththejoneses, Adam Lind, @adam.floatinghome, It's, John McPherson, Lily, Dylan Rose, Elizabeth Earle, BI's Jordan Pandy, Earle, Elizabeth Earle Earle's, McPherson, Daryl Fairweather, Redfin's, Realtor.com, Hannah Jones, it's, Laura Woodley, Woodley, isn't, Kate Fincham, Fincham, Lily Rose, Dylan, Rose, she's Organizations: Service, Business, Portland Floating Homes, Realtor.com, Union, Trust, England & Wales, Lake Union Locations: Fontana Lake, North Carolina, Portland, Oregon, Seattle, Sausalito , California, Johns Island , South Carolina, England, Bluffers Park, Toronto, Lake, Boston
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
AdvertisementIf you told me five years ago I would be planning on moving to Japan, I'd be like, "What? They were really chill towns or were quiet, cute towns and not busy and bustling. Japan is more family-friendly, plus we feel safer thereBrandon: Japan seemed like a slower pace of life. Leika: We ended up paying $30,000 for the house in Japan. The house itself is only worth about $2,500 or $3,000, but the property altogether was $30,000.
Persons: , Leika, Brandon Hansen, I'd, Brandon, of Jesus Christ, It's, it'd Organizations: Service, Business, of Jesus, Leika Locations: Seattle, Okayama, Japan, Osaka, Tokyo, Brandon, Washington, HOA
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