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How Rent Control May Actually Be Hurting Cost-Burdened Tenants

Pro Builder

Additionally, existing rent regulations in costly metros like New York City often don’t include income tests, meaning that those who actually need rent protection are frequently left without that support, while those who can afford hefty rent hikes are able to easily secure rent stabilized units.

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How Rent Control May Actually Be Hurting Cost-Burdened Tenants

Pro Builder

Additionally, existing rent regulations in costly metros such as New York City often don’t include income tests, so those who actually need rent protection are frequently left without that support, while those who can afford hefty rent hikes are able to easily secure rent-stabilized units.

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Migrating Buyers Are Taking Over Regional Markets With Big Budgets

Pro Builder

gap between local and migrational budgets, followed by New York City, where incoming buyers had 26.5% As remote work became permanent for a growing number of Americans in 2021, higher-income buyers were able to expand their home searches, and many flocked to the most in-demand cities offering greater affordability.

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Income Needed to Afford a Home in Every U.S. City

Pro Builder

Income Needed to Afford a Home in Every U.S. metros and the minimum income needed to afford a home. The top cities that remain out of reach for the majority of buyers are Los Angeles, San Francisco, Honolulu, New York City, and Oakland, Calif. cbroderick. Fri, 03/26/2021 - 09:45. Read More. . Financing.

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Renting a Home May Be Even Harder Than Buying One

Pro Builder

in 2021 with a 12% year-over-year jump in December, causing monthly rents in cities like Miami to rise by a staggering 35.7%. By far, the fastest growing demographics for housing is coming from upper-income groups,” he said. New-Home Sales. Rental prices for single-family homes rose an average of 7.8% Build to Rent.

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Plumbing industry provides reliable career

Contractor Magazine

WACO, TEXAS – The plumbing industry, according to New York City Mayor Michael Bloomberg, could hold a more prosperous future for some graduates, opposed to a traditional collegiate degree. This income outpaced comparable occupational worker’s annual earnings by close to $15,000. read more.

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3 affordable housing projects that serve as social catalysts

BD+C

Some teachers in Northern California are living out of their cars, in hovels in the Santa Cruz Mountains, and with multiple roommates in one-bedroom apartments in Daly City, because they can’t afford to pay market-rate rent. Affordable housing is housing built for people who earn 80% or less of the area median income (AMI).

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