Sentences with phrase «than market rate rent»

Tenants who pay substantially less than market rate rent, who receive reduced rent through a federal, state, or local subsidy, or who didn't enter into the lease as the result of an arm's - length transaction are also not considered bona fide for purposes of this act.

Not exact matches

«There is nothing worse than preferential rent when market rate is hovering,» said Manhattan Borough President Gale Brewer, who was also in attendance.

More than 1,800 market - rate apartments in the city are becoming rent stabilized under an agreement announced among landlords, Cuomo, Blasio, and Attorney General Eric Schneiderman.

«I think these are very fair rents,» said town supervisor Jeanne Walsh, noting that they were considerably «lower than the market rate we talked about in our last project,» presumably referring to the Williams Lake redevelopment.

The Rent Stabilization Association advocates a slow turnover of stabilized apartments to market - rate, rather than a wholesale switch, Strasburg said.

More than 1,800 market - rate apartments in the city are becoming rent stabilized under an agreement announced Thursday among landlords, Mayor de Blasio, Gov. Cuomo and Attorney General Eric Schneiderman.

Those include city programs meant to protect and promote rent stabilization, and loans and tax breaks to landlords who keep affordable units or charge elderly and disabled tenants stabilized rents rather than market rates.

Even though Astoria Cove, by definition, is historic, the development will still be more than 70 percent market rate as rents continue to skyrocket in Queens.

That allowed landlords to start charging market rates for rent - regulated apartments leasing for more than $ 2,500 — provided that the apartments had become vacant, or that the tenants in them earned more than $ 200,000 a year for two consecutive years.

While Dallas» rate is worse than most, the challenge is similar in other cities where rents are high and the market is tight: Sometimes vouchers don't cover the rent or landlords prefer tenants without them.

The fact that people have different discount rates for money later is why the loan market can exist: people with more money than they can use now have a lower discount for future money than people who really need money right now (to buy a house, to pay their rent, whatever).

The bottom line is that in majority of the US housing markets, it is becoming cheaper to own than to rent at the prevailing mortgage interest rate.

If the parent in any of these three cases does not charge interest on his or her downpayment contribution, or charges below the market rate, the total carrying costs to the child can be lower than rent on a similar home.

That means we're one of the arts organizations that benefits from more than 50,000 square feet of prime DUMBO real estate rented below market - rate to nonprofits, professional artists, and other groups who otherwise couldn't afford the neighborhood.

Bottomline, thanks to litany of supply and demand issues, market rate rents — the ones advertised to new renters — increased more than the rents offered with lease renewals.

Their findings reveal that the market rate rent rose more than the rent for a tenant who remained in the same rental for five years or more: 5.6 percent versus 3.6 percent between 2014 and 2015.

Still the analysis clearly demonstrates the importance of having this third indicator for analyzing market conditions and for monitoring office employment trends over time to get a better, more rounded sense of the local market than vacancy rates and rent trends alone can provide.

Even with more supply and weaker demand, the apartment market in two years should still be strong enough to support rents that, on average, will grow faster than the rate of inflation, experts say.

Now, apartments will traditionally have more appreciation than mobile home parks just because rents are more likely to increase at a faster rate depending on the market.

However, investment into life sciences commercial real estate hasn't slowed down: five of the six markets with the highest life sciences rents have vacancy rates of less than 4.0 percent, according to the JLL report.

As far as it being silly the market dictates the rent, try to rent an apartment 25 more than the going rate.

Also, two other housing markets — Dallas and Denver — moved deeper into the «rent» territory, but at a slower rate than previous quarters, the authors note.

From Canada Mortgage and Housing Corp., June 22 — «Vacancy rates and rent levels in the seniors» market reflect a different market makeup than the traditional rental market.

Meanwhile, two hot housing markets, Dallas and Denver, continued to move deeper into rent territory but at a slower rate than earlier quarters.

If today's hurdle rate is lower than the average past property appreciation rate for a particular market, then it makes sense to buy, because future property appreciation should enable an individual, on average, to create more wealth through owning than renting.

Market While low mortgage rates are undermined by high home prices, buying in southern metros is at times more than 50 percent cheaper than renting, according to Trulia.

Some of the circumstances that often lead to incorrect tax assessments include development of big - box retail under build - to - suit arrangements, in which the tenant's rent is a contractual repayment of the developer's costs, rather than a market - rate rent.

Even though it is now cheaper to own than to rent, with interest rates at record lows and inventories at record highs, most consumers are still shut out of the market altogether.

Louis and Ryan discuss the implications of the U.S. and China relationship; Louis discusses the inflationary implications of QE2; Jim McCowan indicates that now is a good time to get a mortgage and discusses the state of the Arlington VA real estate market; Louis discusses the 1st quarter 2011 HomeGain home prices survey and the Virginia results; Jim and Louis discuss the rent to buy ratio; Louis discusses the advantages of getting a low interest rate mortgage prior to the rise in inflation and interest rates; Ryan and Louis discuss the employment numbers and the potential for recovery; Jim notes that only a small percentage of homes in Arlington are short sales; Jim explains how Arlington short sales get priced and buyer's misconceptions that they can offer less than the list price; Louis contrasts the Arlington home pricing experience vs. the national experience based on the HomeGain home values survey.

Purchasing a home remains cheaper than renting in all of the 100 largest United States metro markets, and homebuying was also 38 percent cheaper on average than renting in 2014 with a 30 - year fixed rate of 4.5 percent, according to the Trulia Rent Versus Buy study.

If you are skeptical of that strong statement, tell me, where else can you get the following combination of investing conditions: A rock solid local economy 1 percentage point away from full employment (5.8 %), high rental demand, minimal vacancy rates and rising rental prices, price to rent ratios on new (or less than 6 yrs old) properties under 8 and a steady and reliable local real estate market in full bloom?

Sell the property to a trusted friend or wealthy relative and then become a tenant and pay the buyer rent at market rates — a much more attractive amount than Treasury bonds are paying now.

«While buying continues to be more affordable than renting in the majority of U.S. markets, that equation could change quickly if mortgage rates keep rising in 2017,» says Blomquist.

Existing tenants are paying less than 50 % of the market rate for rent and I'm unsure of how easy it will be to raise income to market, but assuming that is possible, it will be ~ 6.5 % cap.

Thus, if local market conditions are good, that is, if the vacancy rate is low, demand is growing faster than supply, and rents are rising, then investors will perceive that the risk of property ownership is lower and the required rate of return, and, hence the discount rate, will be lower, all else being equal.

Ryan mentions that Facebook founder Mark Zuckerberg may have purchased a home in California; Ryan reviews the economic events of the prior week; Ryan notes that interest rate are still heading down; Ryan notes that the DC real estate market is competitive on the buy and rent sides and that would be renters in the DC area are turning into would be buyers; Louis notes that the DC housing dynamic is different from the rest of the country where housing prices are down and there is plenty of inventory; Louis notes that if it is cheaper to buy than rent that it makes sense to get a long term low interest rate loan; Louis talks about the benefits of visiting HomeGain.com; Louis discusses the HomeGain FSBO vs. Realtor survey and the advantages of hiring a REALTOR; Louis and Ryan discuss the HomeGain home improvement survey and recount the types of home improvements that provide the best return on investment; Ryan and Louis talk about pricing strategies for selling a home; Louis and Ryan discuss the differences between pricing a short sale and pricing a non short sale home; Louis notes pricing a home too high may keep the home on the market a long time and that the more days a home is on the market makes a home look like damaged good; Ryan describes short sales as foreclosure avoidance and discusses the impact of each on FICO scores; Ryan talks about the options that people with underwater mortgages have; Louis mentions that 72 % of home buyers and sellers pick the first real estate agent they meet and points out the value in comparing agents first using HomeGain's Find a REALTOR program; Louis can Ryan discuss the level of shadow inventory the impact on sellers as more inventory gets released;