Rapidly Rising Rents

Rapidly rising rents squeeze millions in the middle class

Four in 10 middle-class renters pay 30% or more of their incomes toward housing each month, NBC News analysis of U.S. Census Bureau data shows.

Treasury confirms plans for inflation-busting rise in UK social housing rents

Rachel Reeves also announces £500mn cash boost to promote building of affordable homes

Business - Financial Times - October 25

Mortgage rates rise for the fourth week in a row. But in these states, it’s still cheaper to buy than to rent.

The 30-year mortgage rate is averaging at 6.54%, Freddie Mac said in its latest weekly survey on Thursday.

Business - MarketWatch - October 24

FEMA disaster relief fund 'rapidly nearing exhaustion'

The Federal Emergency Management Agency’s (FEMA) disaster relief fund has dwindled to less than $5 billion, lawmakers said this week, as both sides press for the swift passage of emergency aid. ...

Politics - The Hill - Yesterday

Renting a car abroad? These are the countries that intimidate drivers the most

A survey of 2,000 drivers from 10 countries shows that motorists are the most nervous to drive in India, Venezuela and Zimbabwe.

Business - CNBC - October 29

IBM says AI business is rapidly growing, but that’s not enough to help the stock

IBM’s stock is falling despite a profit beat for the third quarter, as consulting revenue came in flat and infrastructure revenue declined.

Business - MarketWatch - October 24

Hurricane Rafael leaves Cuba reeling, moves into Gulf of Mexico

Cuba was reeling from a fierce major hurricane that ripped across the island and knocked out its power grid, after ravaging parts of the Cayman Islands and Jamaica.

World - CBS News - November 6

Rafael makes landfall in Cuba as a Category 3 hurricane

Rafael made landfall as a Category 3 hurricane Wednesday afternoon in western Cuba before weakening, the National Hurricane Center said.

Rapidly Moving Brush Fire in California Burns Homes and Prompts Evacuations

Firefighters were working to contain fires in Ventura and Los Angeles Counties amid dangerous weather conditions.

Top stories - The New York Times - November 7

Firefighters Gain More Control of Southern California Blaze That Spread Rapidly

After the Mountain fire ballooned to more than 20,000 acres in less than 24 hours, improving weather conditions helped crews contain more of the blaze on Saturday.

Top stories - The New York Times - November 10

Senators take aim at big private equity landlords as rents soar

With home and apartment rental costs soaring, four Democratic senators are calling for more scrutiny on Wall Street financiers snatching up rental homes.

Gen Z turning down jobs because of expensive commutes, rent: Report

A new survey found that modern price tags are making it hard for some to accept job offers.

Politics - The Hill - November 4

For Rent: 4-Bedroom London House. The Owner? Prime Minister Keir Starmer

Keir Starmer has rented out his home in north London since moving to Downing Street, according to newly published official records.

World - The New York Times - November 7

This $4 Billion Mall Deal Could Hit Retailers With Higher Rents

The giant private equity firm Blackstone bought a shopping center landlord, and rents at strip- and mini-malls will likely climb, hitting grocers, pharmacies, and retailers in urban areas.

Business - Inc. - November 8

Do I have to pay a year’s rent up front?

I’m looking for a property for my family while I’m working in London

World - Financial Times - November 13

Scottish rent controls spark tensions as developers demand ‘assurances’

Caps for increases would be tied to inflation under SNP’s new housing bill

World - Financial Times - 19 hours ago

Weighing the pros, cons of keeping Billy Napier as Florida endorses coach amid rapidly changing landscape

Napier has a sub-.500 record, and the highlights have been few and far between, but there are reasons to keep him

Sports - CBS Sports - November 7

Portugal is rapidly losing its young people. Will this new scheme convince them to stay? | Adam Almeida

Studying in Lisbon, I found most of my peers were planning to emigrate. Now the government is turning to taxes to stop the brain drain. In the autumn of 2018, I moved to Lisbon for a month-long ...

World - The Guardian - Yesterday

‘It’s a decent deal’: Barbara Corcoran sticks up for WNBA star Angel Reese’s sky-high rent payments

Real estate mogul Barbara Corcoran has leaped to Reese’s defense, insisting that her $8,000-a-month rent is actually not bad.

Business - MarketWatch - November 5

Martha Stewart wants to pay your rent—if she can get the quiz answers right

The lifestyle guru put herself in the hot seat of a popular online game show to rack up money to pay the monthly rent of up to 10 people.

Business - MarketWatch - November 5

Man who used legal loophole to live rent-free for years in NYC hotel found unfit to stand trial

A man charged with fraud for claiming to own a storied Manhattan hotel where he had been living rent-free for years has been found unfit to stand trial, prosecutors said Wednesday.

5 major U.S. cities where it's harder for Gen Z to afford rent than it was for millennials at the same age

In these 5 U.S. cities, Gen Z renters are spending a larger portion of their income on rent than Millennials did a decade ago.

Business - CNBC - 4 days ago

7 U.S. cities where you need to earn more than 4 times the minimum wage to comfortably afford rent

Workers would need to earn quadruple the federal minimum wage in order to comfortably afford rent in these cities, per Clever Real Estate's analysis.

Business - CNBC - 2 days ago

‘I feel like I’m missing something’: I’m 68, divorced with two children. I’ve $750,000 and rent my home. Do I need a trust?

“I continue to reinvest the dividends and interest so my investments continue to grow.”

Business - MarketWatch - October 24

How the WNBA’s Angel Reese lives the good life in her $8,000-a-month Chicago apartment, even though her paycheck doesn’t cover her rent

Despite her WNBA salary, Reese enjoys one of the city’s most exclusive and luxurious high-rises.

Business - MarketWatch - October 31

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