Soaring rents in recent years have made buying a home much more affordable for those who want to stay put than renting one.
Despite
soaring rents in luxury apartments in downtown Chicago, the average rent for a three - bedroom home in Cook County takes less income than buying the median home.
And those being priced out of home ownership are leasing apartments instead — driving up already
soaring rents in the city, according to Urbanation, a market analysis firm.
The report found that shelter costs rose by close to six per cent this year to $ 76 a month because of
soaring rents in Vancouver and «modest» increases in utilities and telephone expenses.
CHICAGO, Feb 28 (Reuters)- People trying to escape
soaring rents in U.S. cities face a cruel reality: home prices are going up, too.
Soaring rents in the retail sector have prompted calls for a register of leases and a rebalance of power between landlords and store owners.
Not exact matches
Amazon has a domineering presence
in the city, where longtime residents have complained of rising traffic,
soaring rent, and constant construction since the e-commerce giant moved
in.
As the crisis
in available office space
in the CBD continues, building owners are bringing refurbished space back into supply this year to take advantage of
soaring rents.
Rents for so - called Class A office spaced
soared 17 % last year, but are still half or less of those
in London and New York.
VANCOUVER — The British Columbia government will unveil its long - awaited housing strategy on Tuesday, taking aim at skyrocketing real estate prices and
soaring rents that have crippled affordability
in the West Coast Canadian province, particularly
in Vancouver.
The lack of building is credited with contributing to
soaring rents and home prices
in the county.
Home > XE Currency Blog > Apartment
rents soar 5 %
in 4th Quarter; vacancies decline back to generational low
A combination of
soaring rents, cuts to benefits, and a shortage of social housing has created a crisis
in affordable housing
in the capital.
Those living
in London are hit by the benefit cap, as if the
soaring cost of
rent in the capital is their fault.
The Public Advocate noted that 50,000 New Yorkers, including children, presently live
in homeless shelters, while many others have been displaced by
soaring rents.
This would also raise the cost of
renting privately, which flies
in the face of his criticism that rental prices are already
soaring.
Organizers explained that Harlem had been chosen for the protest as it represents a neighborhood
in flux, where
soaring housing and commercial
rents threaten to undermine the community's historic composition of working - class and middle - class life
in New York.
According to Silver's attorney, he was a «great champion» of tenants rights during a time when
rents in New York City have
soared.
«Secondly, the
soaring rents that seniors can no longer afford to live
in their homes, and low - income families are getting squeezed out of community.»
He argued
rents in the private
rented sector had been
soaring because landlords knew a tenant's
rent would be funded by the state through a local housing allowance, the equivalent of housing benefit
in the private
rented sector.
«This financing will mean more shovels
in the ground and more New Yorkers protected from
soaring rents,» de Blasio said
in a statement.
Clothing designers, manufacturers and local politicians gathered Tuesday at a rally to help businesses like Cohen's stay afloat
in the face of
soaring rents, outsourcing and a recession.
His crime novels are set
in the «60s but many of the sites were still recognizable even though the bars, like a lot of local food and drink establishments
in the city have been forced to shut down due to the
soaring rents.
They deserve a thorough and transparent explanation from the college, detailing exactly how the administration managed the school's finances and arrived at the decision to charge tuition, despite the fact that the
rent Cooper Union receives from the Chrysler building will
soar from about $ 9 million this year to $ 32.5 million
in 2018.
In the last few years, small and midsize art galleries have been finding themselves crushed at home by
soaring rents and unable to pay astronomical fees demanded by art fairs to sell their work where collectors shop.
Jen also used her Creative Capital funding to offset infrastructure costs like
soaring studio
rent in Brooklyn.
Rents in fact,
in the urban core, are
soaring.
Not at all affordable, Toronto's rental market is the hottest it has been
in years, with bidding wars breaking out and
rents soaring, according to a new study that predicts Ottawa's new stricter mortgage qualification will make the region's rental market even less affordable.
Costing a then - record - setting $ 1.8 billion
in early 2007, the building would later become a symbol for a period of irrational exuberance
in U.S. real estate, where a belief
in forever - climbing
rents sent values
soaring.
In 2015, San Francisco and the surrounding area had some of the highest - priced office rents in the country (and office rents continue to soar) while.
In 2015, San Francisco and the surrounding area had some of the highest - priced office
rents in the country (and office rents continue to soar) while.
in the country (and office
rents continue to
soar) while...
Asking office
rents in New Jersey are
soaring...
After the housing market crashed, more people opted to
rent than prior to 2009, and net absorption
soared in the early years of the recovery...
This year's survey also brought to light how the
soaring cost of
rent in many areas is likely influencing the decision of middle - aged parents to buy a home with their young adult children
in mind.
Asking office
rents in New Jersey are
soaring, according to the Wall Street Journal...
While
soaring real estate prices and ludicrous
rents have ceased being news
in places called Pacific Heights or Park Slope, the dual tsunamis of gentrification that submerged both coasts are moving inland, threatening small and midsize U.S. cities where the idea of spending half of your pay on
rent was once inconceivable.
There has been a recent
soar in the popularity of turnkey rental properties over the last few years, especially among those people who want to tap into the world of real estate investing but don't have the necessary amount of time to dedicate to flipping, renovate to
rent out or even simply try and scour for a great deal on a distressed home.
There has been a recent
soar in the popularity of turnkey rental properties over the last few years, especially among those people who want to tap into the world of real estate investing but don't have the necessary amount of time to dedicate to flipping, renovate to
rent out or even simply try and scour -LSB-...]
A version of this article appears
in print on December 7, 2012, on Page A1 of the New York edition with the headline: Soaring Rents Drive a Boom In Apartment
in print on December 7, 2012, on Page A1 of the New York edition with the headline:
Soaring Rents Drive a Boom
In Apartment
In Apartments.
Especially as
rent prices
soar in the area, you should put your money towards something that you will benefit from down the road.
Soaring apartment costs
in Silicon Valley are fueling popular support for an idea bitterly opposed by many landlords
in America's technology capital:
rent controls.
What's more, a new study by Apartment Guide recently found
soaring apartment
rents in the state are posting higher national averages than cities like New York City or Los Angeles, known for high
rents.
After the housing market crashed, more people opted to
rent than prior to 2009, and net absorption
soared in...
Rents are
soaring and demand for apartments is historically high, but some developers and landlords are overestimating the strength of the U.S. apartment market — and paying for it
in quarterly earnings.
The trend is being fueled primarily by the gap between incomes and
rents, which have
soared to historical highs
in recent years, leaving many households with hardly any cushion for financial blows such as a medical emergency or job loss — events that can trigger homelessness.