Keyword: rent

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  • This Flowchart Could Help You Decide Whether To Buy Or Rent A Home

    07/15/2014 2:09:47 PM PDT · by SeekAndFind · 29 replies
    Business Insider ^ | 07/15/2014 | Libby Kane
  • Rent or Buy? The Math Is Changing

    05/27/2014 7:00:59 AM PDT · by SeekAndFind · 52 replies
    New York Times ^ | 05/27/2014 | Neil Irwin
    Billy Gasparino and Jenna Dillon-Gasparino were savvy enough to wait out the housing boom of a decade ago as renters. Not until 2010, well into the bust, did they buy a house in the Venice neighborhood of Los Angeles, less than a mile from the beach, for $810,000. Only four years later, the couple see new signs of excess in the housing market and have decided to go back to renting. They are close to a deal to sell their house – for $1.35 million, a cool 67 percent gain. “It just seems like the housing market came back so...
  • Charles Rangel stiffs NY taxpayers on rent for district office (And blames Republicans)

    04/07/2014 7:12:00 AM PDT · by SeekAndFind · 10 replies
    American Thinker ^ | 04/07/2014 | Rick Moran
    Rep. Charles Rangel, censured by Congress in 2010 for a variety of misdeeds, including non-payment of taxes on his Dominican villa, didn't pay any rent on his district office in Harlem for all of 2013. His "excuse": his office lost the lease. But that's OK, said New York state. Instead of having to pay back rent. the state cut the real estate company a check for $87,000. New York Post: “I finally heard back from Congressman Rangel’s office and it seems we haven’t gotten the signed lease back because they lost it!” OGS real-estate specialist Sydney Allen wrote in a...
  • (Tax-cheat Charlie) Rangel didn’t pay rent on Harlem office but state bailed him out

    04/06/2014 3:01:08 PM PDT · by Libloather · 14 replies
    NY Post ^ | 4/06/14 | Michael Gartland
    New York City’s longest-serving congressman won’t pay his rent. State taxpayers were stiffed out of at least $87,000 when Rep. Charles Rangel stopped paying for the district office he rents in Harlem’s Adam Clayton Powell Jr. State Office Building, records ­obtained by The Post show. His staffers’ excuse? They lost the lease, according to state Office of General Services correspondence. “I finally heard back from Congressman Rangel’s office and it seems we haven’t gotten the signed lease back because they lost it!” OGS real-estate specialist Sydney Allen wrote in a July 30, 2013, e-mail to a colleague that was ­obtained...
  • Have a Landlord Question. Holding Back Securty Deposit Because of Damages...

    04/02/2014 9:57:19 AM PDT · by Chickensoup · 47 replies
    040214 | chickensoup
    Have a Landlord Question. Holding Back Securty Deposit Because of Damages... and received a demand to pay and threats of lawsuit. From only one of the tenants, the one without a job. I have had tenants for over 30 years and have never held back monies, but these people cause a lot of inside damage, as well as damages to septic piping with their truck, engineering is waiting til spring to fully assess. Help!
  • Manhattan's luckiest renter has paid just $1.00 a month since 2006 for his two bedroom apartment

    08/13/2013 8:22:18 AM PDT · by SeekAndFind · 13 replies
    Daily Mail ^ | 08/13/2013
    Thanks to a little error on the part of the city of New York and a lot of blind luck, a Manhattan man pays the bargain basement rate of $1 per month in rent for his apartment. David Lieberman moved into the pad on Morningside Boulevard, an in demand section of up-and-coming Harlem, in 2006 and paid $2,100, market rate at the time for the two bedroom apartment. But since learning that the city lowered the rent to a buck for previous tenants while they waited for damages from a fire to be repaired, Lieberman has laid claim to the...
  • There's A Simple, Unbiased Way To Figure Out Whether To Rent Or Buy

    08/10/2013 10:34:12 AM PDT · by SeekAndFind · 15 replies
    Business Insider ^ | 08/10/2013 | LEONARD BARON, ZILLOW
    If you are a renter and pondering whether it’s time buy a home, one thing that might be on your mind is a rent vs. own analysis. As you can imagine, this analysis will help you determine the financial benefits of owning a home vs. staying a renter. Many online rent vs. own analysis tools are available, but a little caution is needed, as some of these tools are very biased and skewed. Some always find that it typically makes sense to buy, while others show that you should rarely buy. Most of them look at the difference between the...
  • Average city rent passes $3,000 while home prices soar in Brooklyn and Queens

    07/11/2013 2:05:56 PM PDT · by lowbridge · 31 replies
    New York Post ^ | july 11, 2013 | JENNIFER GOULD KEIL
    The average monthly apartment rent in the city has soared past $3,000 for the first time, and the scarcity of housing is driving home hunters out to suddenly pricey Brooklyn and Queens, new reports on the super-tight market show. In contrast, the average national apartment rent is $1,062, a little more than one-third the average city rent of $3,017 excluding Staten Island, according to Reis Inc., a real-estate research firm. Second-place San Francisco isn’t even close, at a mere $1,998.82 a month. Residents who feel priced out of Manhattan may soon be priced out of the five boroughs altogether. Median...
  • Need help. Renter nightmare.

    07/08/2013 6:01:54 PM PDT · by enduserindy · 68 replies | self
    My landlord told me a sheriff would deliver papers on or the next day saying i had to move in three days unless she sold the house first which meant I'd have as little as 2 weeks. I have a lease until Aug and a 1050 depisit. I didn't pay her for july to use . I thought by mutual agreement. Noe I get a summons for eviction and getting sued for 5000.00. What now?
  • If You Live In New York And You Rent, You're Paying A Huge Tax You Don't Even Know About

    07/01/2013 9:17:03 AM PDT · by SeekAndFind · 21 replies
    Business Insider ^ | 07/01/2013 | Josh Barro
    If you live in New York City, you probably know that your income taxes are high. A combined city and state tax rate of 10.4% kicks in at just $22,000 of taxable income for a single person. You probably don't know that New York City has some of the country's highest taxes on apartment buildings—and if you're not subject to rent control, much of that cost is flowing through to you as a renter. Not all property taxes are high here: New York actually has very low taxes on owner-occupied homes. Our property tax system is a perverse cross-subsidy from...
  • Don’t Renters Have Fourth Amendment Rights?

    12/30/2012 10:41:47 AM PST · by redreno · 31 replies
    Cato Institute ^ | 12/26/2012 | By Ilya Shapiro
    A person’s home is his castle and thus affords certain protections and immunities—including the right to exclude unwanted visitors—that apply whether you own or rent. Unfortunately, ordinances authorizing general administrative searches of rental properties have been increasingly adopted by local authorities with little protection for property rights or privacy interests. These inspections cover the whole of the buildings and all of the activity that occurs within, opening every aspect of people’s lives to the government: political and religious affiliations, intimate relationships, and even all those Justin Bieber posters and Fifty Shades of Gray books you hide when people come over....
  • Rental Market's Big Buyers

    10/04/2012 10:38:03 AM PDT · by ruralvoter · 4 replies
    The Wall Strete Journal ^ | 10/3/12 | CRAIG KARMIN, ROBBIE WHELAN and JEANNETTE NEUMANN
    Blackstone Group LP BX +2.42% has become the biggest U.S. investor in single-family rental homes by spending more than $1 billion since the start of 2012 to acquire more than 6,500 foreclosed houses in eight metropolitan areas, according to people briefed by Blackstone. The firm also is finalizing a loan for at least $300 million from Deutsche Bank to support this business, these people said. (SNIP) But Blackstone, one of the biggest buyout firms in the world, has been able to muscle its way to the front of the pack by taking advantage of the $13.3 billion property fund it...
  • Woman Lives In Spacious Brooklyn Loft Rent-Free For Past Six Years

    06/14/2012 7:56:50 AM PDT · by JoeProBono · 61 replies
    cbslocal ^ | June 8, 2012
    NEW YORK (CBSNewYork) – How would you like to not pay your rent, year after year, and get away with it? A Brooklyn woman has done just that for the past six years. Artist Margaret Maugenest, 60, stopped paying rent for several years, but instead of getting evicted, the state’s highest court said she was justified, CBS 2′s John Slattery reported. “Yeah, I feel very good about that, John. I feel very relieved,” Maugenest told Slattery. Since 1984, Maugenest has lived in a loft — a converted manufacturing building on Nevins Street in Gowanus – with rent of less than...
  • In D.C., low-cost apartments disappearing at rapid rate

    05/07/2012 9:02:38 AM PDT · by ruralvoter · 11 replies
    The Washington Post ^ | 5/6/12 | Annys Shin
    For a year, Julio Benitez, 61, has complained to his landlord about the unpatched walls, leaky bathtub and broken electrical outlets in his apartment. Down the hall, where Paul Fisette, 28, moved in a month ago, everything is new, from the paint to the appliances. When the garbage disposal broke recently, the landlord replaced it by 11 a.m. the next day. Welcome to the New Hampshire, where the underprivileged and upscale exist under the same roof, part of a shift in the District’s housing stock that experts say is likely to change the face of the city for decades to...
  • Why the rent is too damn high (In New York City)

    04/24/2012 12:38:16 PM PDT · by SeekAndFind · 18 replies
    New York Post ^ | 04/24/2012 | Stephen B. Meister
    Fans of rent control cheered yesterday when the Supreme Court declined to take up a case challenging New York’s rent-stabilization laws. Yet killing the rent laws would be the best way to get us back to broadly affordable housing. In March, Manhattan rents blew past their 2007 high: The average rent (excluding rent-stabilized apartments) is now $3,418. This is a real crisis; people can’t find or are being driven from their homes. This, when the local economy is far from booming. As The Post recently reported, the city’s overall unemployment rate now stands at 10.2 percent. The rate in Manhattan,...
  • Minnesota GOP gets eviction notice, after being behind in rent since August

    04/24/2012 12:24:37 PM PDT · by TurboZamboni · 5 replies
    pioneer press ^ | 4-25-12 | Bill Salisbury
    Adding insult to the Minnesota Republican Party's financial injuries, the party now faces possible eviction from its headquarters near the state Capitol after failing to pay its rent since August. The party's landlord filed an eviction notice last week in Ramsey County District Court alleging the GOP owes $111,192 in back rent. An eviction hearing has been scheduled for next week. But state Republican Party Chairman Pat Shortridge said in a statement Monday, April 23: "The MNGOP is not being 'kicked out' of its offices."
  • High Rents, Low Wages and the Coming Homeless Surge

    01/22/2012 5:36:13 AM PST · by SeekAndFind · 43 replies
    Fiscal Times ^ | 01/22/2012 | By MICHELLE HIRSCH and ALIX PIANIN
    Get ready for the next big financial bubble—the growth of America’s homeless population. The biggest boon for the homeless was President Obama’s 2009 stimulus package, that appropriated $1.5 billion to the Homeless Prevention and Rapid-Re-Housing Program that temporarily aided homeless and near-homeless households. According to a report issued Wednesday by the National Alliance to End Homelessness, the program has helped more than one million impoverished individuals find housing, but it is set to end this fall. “The resources provided by [the program] have run out in many communities … and the debt and deficit at the federal level have already...
  • Ancient Greek sites could soon be available for rent (ACROPOLIS Available for Rent !)

    01/18/2012 7:02:08 AM PST · by SeekAndFind · 18 replies
    AFP Via Google ^ | 01/18/2012
    ATHENS — Available for rent: The Acropolis. In a move bound to leave many Greeks and scholars aghast, Greece's culture ministry said Tuesday it will open up some of the debt-stricken country's most-cherished archaeological sites to advertising firms and other ventures. The ministry says the move is a common-sense way of helping "facilitate" access to the country's ancient Greek ruins, and money generated would fund the upkeep and monitoring of sites. The first site to be opened would be the Acropolis. Archaeologists, however, have for decades slammed such an initiative as sacrilege. The culture ministry said any renting of ancient...
  • The New American Dream: Rent, Don’t Buy

    01/04/2012 4:18:16 PM PST · by SeekAndFind · 14 replies
    Fiscal Times ^ | 01/04/2012 | By STEVE YODER
    Call it the Big Selloff—America is headed toward a future in which fewer people own the spaces they call home. The effective homeownership rate, which excludes borrowers whose homes are underwater, stands at 62 percent, down from 69 percent in 2006, according to a 2010 report by the New York Federal Reserve. As more people move from owning to renting, apartment vacancy rates have fallen fast, from 8 percent in 2009 to 5.6 percent in third quarter 2011. That’s pushed up rents in all markets by 2.5 percent, including apartments and single-family homes, to an average of $846 nationwide, according...
  • Occupy Raleigh pays rent for new downtown campsite (good old capitalist supply and demand)

    11/29/2011 6:04:33 AM PST · by Libloather · 7 replies
    Fox Carolina ^ | 11/29/11
    Occupy Raleigh pays rent for new downtown campsiteUpdated: Nov 29, 2011 8:30 AM EST RALEIGH, N.C. (AP) - Anti-Wall Street protestors have a new downtown Raleigh tent village that the landowner says is an example of good old capitalist supply and demand. **SNIP** The land for the tent village with a library, kitchen, social area and portable toilet is costing demonstrators $400 a month, which an anonymous donor has offered to cover.
  • Costs rise as Wall Street protests continue (Should leftist kook freeloaders be forced to pay rent?)

    10/10/2011 4:15:19 PM PDT · by Libloather · 12 replies ^ | 10/10/11 | Meghan Barr
    Costs rise as Wall Street protests continueBy Meghan Barr Associated Press / October 10, 2011 NEW YORK - As the protest on Wall Street enters its fourth week, police officers are keeping their posts around the perimeter of the park at the center of it all. And with no end in sight, the cost of constant police surveillance will continue to rise at a time when Mayor Michael Bloomberg has ordered citywide budget cuts. The NYPD has already spent $1.9 million, mostly in overtime pay, to patrol the area near Zuccotti Park, where hundreds of protesters have camped out for...
  • Judge Judy gets it.

    Watch this nothing more to say.
  • Woman Says Deadly Shooting Was Self-Defense(CA)

    09/05/2011 6:05:22 AM PDT · by marktwain · 21 replies ^ | 4 September, 2011 | Hernan Quintas
    PALM SPRINGS, Calif. -- A broken arm, a swollen eye and bruises all over her body is the result of an altercation that escalated to a tragic incident. According to Palm Springs police, the shooting happened Saturday night around 7:00 p.m. at the Desert Moon Spa and resort living complex in Palm Springs. Vanessa Mascolino says she shot and killed her aggressor, who allegedly made death threats and got physical with her after she refused to pay the rent. "I was trying to save my life, and I shot him, two or three times..." said Mascolino. She told News Channel...
  • 'Rent Is Too Damn High Party' Founder Being Evicted

    08/05/2011 4:32:35 AM PDT · by jmcenanly · 10 replies
    New York Post via Fox News ^ | Last Updated: 6:25 AM, August 5, 2011 Posted: 1:44 AM, August 5, 2011 \ | MITCHEL MADDUX
    The man who ran for governor because the "Rent is Too Damn High" claims he's being kicked out of his Manhattan apartment -- because the rent is too damn low! Jimmy McMillan says he pays $872.96 for a rent-controlled ground-floor apartment on St. Marks Place in the East Village -- which he's had since the late-1970s, when the rent was around $275. But the man who founded the tenants-rights party says his landlords are giving him the boot so they can pull in way more dough."I've been here since 1977, and they want more money!" McMillan says. "It's about 'My...
  • Instant Churches Sprout in Public Schools, Skating Rinks (where rent is cheap)

    07/23/2011 5:28:00 AM PDT · by Libloather · 14 replies
    Christian Post ^ | 7/21/11 | R. Leigh Coleman
    Instant Churches Sprout in Public Schools, Skating RinksMore public places transformed into Sunday house of worship By R. Leigh Coleman | Christian Post Reporter Thu, Jul. 21 2011 06:58 PM EDT Churches are holding worship services in public places with greater regularity than some might think. It is not uncommon today to see portable church signs outside public buildings and schools on Sundays. Thousands of believers today are gathering more often in public schools, skating rinks, parks and empty buildings to avoid the financial burden. As additional housing opens and property rental fees go up, churches often rent non-traditional spaces...
  • •the words you choose can cost you*

    06/12/2011 9:35:05 AM PDT · by Awgie · 24 replies
    internet | 7/11/11 | Myself
    •the words you choose can cost you - get the facts and avoid being prosecuted under fair housing law*
  • Here's Why New York City's Rent Is Still Too Damn High

    05/25/2011 6:32:12 AM PDT · by SeekAndFind · 10 replies
    Real Clear Markets ^ | 05/25/2011 | Stephen Meister
    With New York City's rent laws set to expire June 15, "tenant" activists are decrying the catastrophic consequences should Albany's Republican-controlled Senate fail to renew them. But these laws actually harm most tenants: By protecting long-term residents at the expense of newer (not wealthier) ones, they've caused huge increases in the City's overall rents. Given over 8 million people call the Big Apple home - only a million of whom are fortunate enough to live in rent-regulated apartments - the wild popularity of the rent stabilization laws among New York Democrats only proves that a cohesive voting bloc has enabled...
  • A.P. Embarrassed by Error in Christine O'Donnell News Report

    04/23/2011 9:17:19 PM PDT · by Moseley · 11 replies
    Delaware News Center ^ | April 23, 2011 | Delaware News Center
    April 23, 2011 (Dover, Delaware) -- Randall Chase, the Associated Press' Delaware Bureau Reporter, embarrassed the Associated Press over the Easter weekend with a negligently false report about Christine O'Donnell's campaign and her campaign finance reports. Randall Chase falsely reported that in April 2009, Christine O"Donnell was not a declared candidate for office. In fact, CHRISTINE O'DONNELL DECLARED HERSELF A CANDIDATE FOR THE 2010 ELECTION CYCLE IN DECEMBER 2008 On February 12, 2009, the Delaware Business Ledger reported "O'Donnell wastes no time in announcing Senate candidacy." On February 13, 2009, radio station WDEL reported "Christine O'Donnell to run for U.S....
  • Liechtenstein for hire at $70,000 a night

    04/16/2011 11:50:27 AM PDT · by arderkrag · 12 replies
    Guardian ^ | 04/16/11 | Emine Sinmaz
    Executives with cash to burn traditionally hire luxury yachts, secluded villas or expensive hotel suites to impress clients. Now they can take corporate hospitality to a new level by hiring an entire country, albeit a small one. The principality of Liechtenstein has decided to make itself available to private clients, from $70,000 (Ł43,000) a night, complete with customised street signs and temporary currency. It's a big step for the country best known for its tax-haven status and exporting false teeth: last year Snoop Dogg, pictured, tried to hire it to use in a music video, but received a stern refusal...
  • The rent is too damn regulated (with no apologies to Jimmy Mcmillan)

    03/28/2011 7:19:20 AM PDT · by SeekAndFind · 8 replies
    New York Post ^ | 03/28/2011 | Nicole Gelinas
    New York has controlled the rents on “private” apartments since after World War I. The city determines annual rent increases for half of its roughly 2 million rentals. Another nearly 800,000 apartments are “free market,” in buildings too small for regulation or built after the 1970s. The state rules that govern these “tenant protections” expire in two months. So why does nobody care? The clue as to why the public is not up in arms right now won’t be found at either extreme of the city’s wildly diverse rental market. Sure, we’ve all heard about 98-year-old great-grandma who would lose...
  • OOPS, journalists! Christine O'Donnell DID NOT pay her rent with campaign funds

    03/20/2011 2:50:18 PM PDT · by Moseley · 21 replies
    The Delaware News Center ^ | March 20, 2011 | Jonathon Moseley
    The mystery of Christine O'Donnell's rent and campaign expenses has now been solved -- but not by any quality work by the news media, of course. One of the scams run by the liberal news media and the Left was the claim that Christine O'Donnell used campaign money to pay her rent. Of course there has been no evidence of this and O'Donnell denies it. The accusation is that O'Donnell's U.S. Senate campaign paid "half the rent" on the condominium townhouse that Christine lived in in Wilmington, Delaware. So imagine my surprise, when I visited my friend Christine after the...
  • Jimmy McMillan, Rent Is Too Damn High Guy, Switches to GOP

    02/23/2011 5:42:48 PM PST · by LdSentinal · 15 replies ^ | 2/23/11
    Jimmy McMillan has had it with sucky Dems, wants to help GOP (Newser) – Once upon a time, the rent was too damn high, but now the Democrats are just too damn sucky for Jimmy McMillan. The colorful onetime gubernatorial candidate is now a registered Republican, he tells Sal Gentile of PBS, mostly because "the Democratic Party sucked." And he's expanding his platform with a new slogan: "The deficit is too damn high." Other McMillan gems: * On what he brings to the table: Since 1995, “the Republicans have been in office, they just don’t know what to do. But...
  • The rent is too damn high? Nah!: 25G/month is no sweat for these tony tenants (New York)

    02/20/2011 5:11:09 AM PST · by lowbridge · 16 replies
    NY Post ^ | February 20, 2011 | AARON SHORT
    Only in New York is $25,000-a- month rent considered a "deal." Yet empty-nesters Mindy and Steve Klein think that's a good price for the 2,034-square-foot, three-bedroom apartment they rent at 55 Thompson St., a luxury 38-unit building. For the past six months, the sky has been the limit, literally, from their pricey perch with a bird's-eye view of the Empire State building. Annual price for this vista: $300,000. The Klein's apartment would sell for about $7 million to $10 million, developer Manhattan Skyline said. But the couple is in no rush to invest in a condo or a co-op after...
  • VIDEO: SEE INSIDE Christine O'Donnell's townhouse -- rent paid by campaign

    01/09/2011 8:13:45 PM PST · by Moseley · 30 replies
    CNN ^ | September 20, 2010 | Christine O'Donnell campaign interview
    See for yourself in this video: CNN videotaped the inside of the now-famous Christine O'Donnell townhouse used as O'Donnell's campaign headquarters
  • Rent Is Too Damn High Candidate Doesn't Pay Rent

    10/20/2010 1:51:56 PM PDT · by rightwingintelligentsia · 44 replies · 2+ views
    NBC New York ^ | October 20, 2010
    Your rent may be too damn high, but Jimmy McMillan's sure isn't. The Vietnam vet stole the spotlight at the gubernatorial sideshow debate earlier this week, bellowing his campaign platform and party banner, "The rent is too damn high." But McMillan's indignant pontification doesn't appear to stem from personal experience. As it turns out, he doesn't pay rent at all -- and hasn't done so since the 1980s, according to a published report. McMillan missed payments on his $800-a-month one-bedroom apartment in Flatbush and his landlord allowed him to live rent free in exchange for maintenance work, reports The New...
  • NY Governor's Debate: Next governor of New York: The “Rent Is Too Damn High” candidate

    10/19/2010 7:15:49 AM PDT · by SeekAndFind · 15 replies
    Hotair ^ | 10/19/2010 | Allahpundit
    John Podhoretz watched tonight’s debate live and tweeted, “Jimmie McMillen about to go viral. Trust me.” And so he is, my friends, so he is.To give you a sense of how seriously New Yorkers take politics these days, here’s a quote from one of the other candidates on the dais this evening: Former madam Kristin Davis, the Anti-Prohibition Party candidate, called career politicians the “biggest whores” and declared she might be the only one on the stage “with the right experience to deal with them.” In discussing the Metropolitan Transportation Authority, she noted that “the key difference between the MTA...
  • Pelosi Paying $18K a Month for New San Francisco Office

    06/21/2010 4:48:03 AM PDT · by Bad~Rodeo · 20 replies
    Roll Call ^ | June 14, 2010 | Paul Singer
    Last fall, Speaker Nancy Pelosi moved her district office into the new federal building in San Francisco. The move quadrupled the rent she pays, and her new $18,736 monthly bill is almost double the next-highest rental paid by a Member of the House.This artist’s rendering depicts the new federal building in San Francisco that now houses the offices of Speaker Nancy Pelosi. The building is an award-winning “green” design that saves on energy costs and is centrally located, according to Pelosi’s spokesman A database assembled by the Sunlight Foundation in cooperation with Roll Call provides new insight into Congressional spending...
  • The Ties That Bind: Rahm Emanuels Rent Free D.C. Apartment. The Owner? A BP Advisor!!

    In case you were tempted to buy the faux Washington outrage at BP and its gulf oil spill in recent days, here's a story that reveals a little-known corporate political connection and the quiet way the inner political circles intersect, protect and care for one another in the nation's capital. And Chicago. We already knew that BP and its folks were significant contributors to the record $750-million war chest of Barack Obama's 2007-08 campaign. Now, we learn the details of a connection of Rahm Emanuel, the Chicago mayoral wannabe, current Obama chief of staff, ex-representative, ex-Clinton money man and ex-Windy...
  • ‘Right To Rent’ A Risky Proposition

    05/14/2010 7:29:11 AM PDT · by Slyscribe · 16 replies · 459+ views
    IBD's Capital Hill ^ | 5/13/2010 | Jed Graham
    Dean Baker, co-director of the left-leaning Center for Economic and Policy Research, argues persuasively that the U.S. is not in the middle of a housing recovery. He contends the government has artificially pushed up prices by offering first-time homebuyers a hefty tax credit. Also, the Federal Reserve’s purchase of mortgage-backed securities has helped keep mortgage rates low, enabling homebuyers to finance bigger loans. “I don’t think the government has an interest in artificially propping up house prices,” he said. Yet Baker’s preferred policy, called “Right to Rent,” would do exactly that.
  • Diplomats: North Korea seeks hike in embassy rent(Staying in Pyongyang just got expensive)

    03/14/2010 7:25:07 PM PDT · by TigerLikesRooster · 11 replies · 346+ views
    AP ^ | 03/12/10 | KWANG-TAE KIM
    Diplomats: North Korea seeks hike in embassy rent By KWANG-TAE KIM, Associated Press Writer Fri Mar 12, 4:02 am ET SEOUL, South Korea – North Korea has demanded a hike in rental fees for embassies and international organizations in Pyongyang, diplomats said Friday, in what could be a move to raise foreign currency amid tightened international sanctions. The United Nations slapped new restrictions on North Korea following its second nuclear test last year. They ban the country from exporting arms and call on international financial institutions to halt grants, aid or loans except for humanitarian, development and denuclearization programs. North...
  • College students rent textbooks to save money

    01/17/2010 10:08:53 PM PST · by Saije · 28 replies · 985+ views
    Washington Post ^ | 1/18/2010 | Jenna Johnson
    At the beginning of each semester, George Mason University Bookstore's general manager ventures into the school's mailroom and tries to figure out where everyone bought their books, because fewer and fewer students are coming into her store. This year, the competition was easy to spot: bright orange boxes from, which considers itself the Netflix of textbook rentals. has rented more than 2 million books to students at more than 6,400 schools since it was launched nationally in 2007. Students can rent books by the semester, quarter or summer at rates that vary depending on the popularity of the...
  • American Dream 2: Default, Then Rent

    12/09/2009 10:03:59 PM PST · by TigerLikesRooster · 27 replies · 955+ views
    WSJ ^ | 12/10/09 | MARK WHITEHOUSE
    American Dream 2: Default, Then Rent By MARK WHITEHOUSE PALMDALE, Calif. -- Schoolteacher Shana Richey misses the playroom she decorated with Glamour Girl decals for her daughters. Fireman Jay Fernandez misses the custom putting green he installed in his backyard. But ever since they quit paying their mortgages and walked away from their homes, they've discovered that giving up on the American dream has its benefits. Both now live on the 3100 block of Club Rancho Drive in Palmdale, where a terrible housing market lets them rent luxurious homes -- one with a pool for the kids, the other with...
  • Bristol Sheriff Still wants Inmates to Pay ( Rent,haircuts,medical visits etc.)

    11/02/2009 5:03:27 PM PST · by kellynla · 6 replies · 443+ views
    Boston Herald ^ | November 1, 2009 | staff
    Bristol County Sheriff Thomas Hodgson’s controversial program to charge inmates for rent, haircuts, medical visits and high school equivalency tests raised $750,000, but outraged inmate advocates who said the fees violated their constitutional rights and amounted to an unlawful tax. Five years after a judge struck down the program - ruling that county sheriffs do not have the authority to charge such fees - Hodgson is reviving the proposal. The state’s highest court will hear arguments in Hodgson’s appeal today. When he initially imposed the fees in 2002, Hodgson said he believed they could help teach inmates to accept responsibility...
  • Why The Rich Are Renting

    10/28/2009 6:54:09 AM PDT · by SeekAndFind · 19 replies · 1,259+ views
    Forbes ^ | 10/28/2009 | Stephanie Fitch
    Are you wealthy but homeless? Lucky you. For well-off folks who don't own a home now and don't mind renting for a while, this is a something of a golden era. That's because renting--particularly at the high end--has become such a startlingly good deal in some cities. There's no telling how long this period will last. But sellers of fancy homes, while refusing to drop their asking prices, seem happy to lease them out for a year or two on the cheap. It was true earlier this year, but it's even more so now, thanks to some hefty rent reductions....
  • Ridiculous Rent Prices!

    10/08/2009 1:33:49 PM PDT · by Niuhuru · 45 replies · 2,167+ views
    October 8 2009 | Niuhuru
    I was going through, calling apartment complexes, and despite the fact that rents are sky high, they don't include electricity and heat! It's disgusting! With one place, they charge up to seven hundred and they also make you pay 1/3 water bills and heat and electricity. As if they were helping, they said they didn't charge through garbage services! Has anyone else had bad times finding a place that doesn't bleed you alive? Here comes the worst part: this place that has a one bedroom, small apartment requires that you have an income of 1,660 in order to be able...
  • The Half-Million-Dollar Wiener

    08/17/2009 3:47:20 PM PDT · by JoeProBono · 18 replies · 1,208+ views
    How can New York City hot dog vendors afford a monthly rent of $53,558? A hot dog vendor was kicked from the curb outside New York City's Metropolitan Museum of Art last week for failure to pay his monthly rent—of $53,558. Pasang Sherpa was under contract to pay the Parks Department $362,201 a year for a stand on the south side of the Met's entrance and $280,500 for another on the north side. That's a lot of hot dogs. With rent astronomically high, how much do New York City hot dog vendors actually make? It's hard to say. Neither the...
  • Don't Worry, the Government Will Pay Your Rent or Mortgage

    07/17/2009 4:03:39 PM PDT · by arthurus · 9 replies · 579+ views
    Seeking Alpha ^ | July 16, 2009 | Trader mark
    But larger than that - my prediction is Fannie/Freddie and then above and beyond that, for people who do not have 20% down and won't pay for insurance, the FHA - will wage a war against current mortgages. We'll see interest rate buydowns, we'll see principal reductions, we'll see anything and everything that basically gives a big (bleep) you to people who have been honoring the system. In return we will tell those people, well if your neighbor's house goes into foreclosure we will all suffer, so it's a necessary evil.
  • New law shields renters in landlord foreclosures

    Buried in a housing law signed last week by President Barack Obama are protections that will help thousands of renters stay in their homes — at least for a while — after their landlords have been foreclosed on. The law allows tenants to remain in their foreclosed rentals through the end of their leases and then 90 days after that before being forced to vacate by lenders. Renters without leases will have 90 days, a big improvement over what most received before: almost no notice at all. “Until this law was enacted, there had been no national protections for any...
  • Rent demanded from family of Covina massacre victims

    05/01/2009 2:11:16 AM PDT · by dbehsman · 4 replies · 403+ views
    Pasadena Star-News ^ | 2-4-2009 | Frank C. Girardot
    COVINA - When she died on Christmas Eve with eight members of her family, Alice Ortiz unwittingly broke the lease she held on an apartment in Upland. Now the landlord, Broadstone Foothill Apartment Homes, wants its money, $2,821.23 in all, according to documents obtained Wednesday. A Jan. 29, itemized invoice to Ortiz's survivors claims the dead woman's estate owes $1,655 to the apartment complex on North Central Avenue for "insufficient notice to vacate." The company also billed Ortiz for 12 days' rent and other fees accrued in January, weeks after she died. "This is just low," said attorney Scott Nord,...
  • Apartment Manager Demands Rent Saying Murdered Man Didn’t Give 30 Days Notice (video report)

    04/26/2009 1:57:00 PM PDT · by Free ThinkerNY · 10 replies · 839+ views
    WTMJ-TV ^ | April 26, 2009
    "He didn't even know he was gonna get killed."