All articles tagged with #rent
Originally Published 4 months ago — by The Washington Post
Monthly mortgage payments have reached their highest levels in decades, according to the Census Bureau, while renters also faced financial challenges in 2024 due to rent increases outpacing inflation.
Originally Published 4 months ago — by The Texas Tribune
In 2024, the cost of homeownership in Texas increased despite efforts to reduce property taxes, with homeowners facing higher expenses for insurance and utilities, and rent prices remaining above pre-pandemic levels, while incomes have only modestly grown.
Originally Published 1 year ago — by CNBC
Vionna Wai and her husband pay $1,600 a month for a one-bedroom apartment in Brooklyn, where they live with 150 houseplants and two cats. Wai, a construction engineer, finds taking care of her plants to be a form of self-care, spending about 30 minutes a week on maintenance. The couple has a designated "cat jungle corner" for their pet-friendly plants and hopes to one day have a greenhouse in the countryside.
Originally Published 1 year ago — by Yahoo Finance
Rent the Runway's stock is surging as the company projects a positive financial outlook for 2024, aiming to achieve break-even and free cash flow. Despite reporting a larger loss per share than expected in the fourth quarter, the company anticipates significant improvements and a milestone year ahead.
Originally Published 1 year ago — by Daily Caller
A survey by Redfin revealed that under President Joe Biden, nearly one in five homeowners and renters are skipping meals to afford housing, with many making sacrifices such as working more hours, selling belongings, dipping into retirement savings, and delaying medical care. The median asking rental price has increased significantly since Biden took office, and the median household income falls short of what is needed to afford the median home in the United States. The Biden administration's efforts to increase housing supply and reduce rent burden face challenges such as high interest rates, a shortage of construction workers, and concerns about inflation. Disapproval of Biden's handling of the economy is high, with many Americans recalling a better economy under former President Donald Trump.
Originally Published 1 year ago — by New York Post
MyPillow, founded by Mike Lindell, has been evicted from a Minnesota warehouse for failing to pay rent, with the company facing financial struggles following the CEO's involvement in election fraud claims. Lindell, who has spent millions on efforts to prove election fraud, revealed that his company has been "decimated" by lawsuits, losing hundreds of millions of dollars and facing credit line reductions. The eviction comes as a blow to the once-thriving venture, which has seen its products pulled from shelves and suffered from lost sales, with Lindell claiming to have just $10,000 to his name.
Originally Published 1 year ago — by CBS Minnesota
MyPillow, owned by Mike Lindell, has been evicted from its warehouse in Shakopee, Minnesota, after a lawsuit claimed the company was over $200,000 behind on rent payments. The landlord, First Industrial, LP, alleged that MyPillow had defaulted on rent for several months and was owed over $200,000. Lindell, who faces financial challenges and legal battles, including a $1.3 billion defamation lawsuit from Dominion Voting Systems, has admitted to being out of money and facing significant losses due to his election fraud claims.
Originally Published 1 year ago — by Fox Business
Ranchers Erika and Cody Archie faced backlash for charging their 19-year-old daughter $200 a month in rent after her high school graduation, aiming to teach her financial responsibility. Despite criticism, they believe in instilling good money skills and independence in their children, emphasizing that "nothing in life is free." The couple's approach reflects their belief that children should learn the value of money and not rely on their parents for financial support indefinitely.
Originally Published 1 year ago — by USA TODAY
The latest Consumer Price Index report shows a 3.2% increase in overall prices from a year earlier, with core inflation at 3.8%. While inflation has slowed from its peak, it remains volatile, driven by rising fuel costs, rent, and service prices. The Federal Reserve is considering rate cuts but will wait for sustained evidence of inflation moving toward its 2% target. Gasoline prices are climbing due to rising demand and production shifts, while grocery prices remain unchanged. Rent continues to be a major contributor to inflation, and while some service costs are rising, goods prices are softening in some areas.
Originally Published 1 year ago — by Business Insider
Despite earlier forecasts of interest rate cuts in 2024, soaring rent costs may force the Federal Reserve to keep rates higher for longer than expected. Shelter costs, including rent, have seen a significant increase, impacting overall inflation and potentially influencing the Fed's decision on rate cuts. While some experts believe other factors like labor market weakness will play a role, the impact of rent on inflation cannot be ignored. With concerns about rates not being cut and the possibility of rate hikes, the influence of rent costs on the Fed's decisions in 2024 is becoming increasingly significant.
Originally Published 1 year ago — by The Daily Beast
Euphoria star Nika King humorously expressed her financial struggles, revealing she hasn't been able to pay rent for six months while waiting for Season 3. She joked about Zendaya's absence delaying the show and shared her disappointment in the lack of acting opportunities post-Euphoria. Despite the comedic take, King's portrayal of a mother to an addict in the series holds personal significance due to her own childhood experiences.
Originally Published 1 year ago — by BuzzFeed News
Nika King, known for her role in "Euphoria," revealed financial struggles and inability to pay rent amid the show's Season 3 delays, expressing frustration during a standup set. Speculation about the season's future arises as lead stars remain in high demand, with fans and supporters expressing concern and hope for King's success. While uncertainty looms, a three-year gap between previous seasons and insights from cast members suggest a wait-and-see approach for the show's return.
Originally Published 1 year ago — by Fox News
Millennials are expressing frustration on social media over their inability to afford rising rent prices and homeownership in big cities, with many citing recent rent hikes as "insane." Real estate experts attribute these challenges to factors such as student debt, medical bills, and the overall economic downturn, noting that millennials are facing financial burdens that previous generations did not have to contend with.
Originally Published 1 year ago — by Investopedia
Economists see a reduced 40% chance of a recession in the next year, down from a high of 65% in early 2023, as the economy remains strong with lower inflation and robust consumer spending. Rent prices are starting to rise after months of stability, but the increase is still lower than the overall inflation rate. The Federal Reserve is cautious about rate cuts, with investors predicting a 68% chance of a rate cut by June, as officials emphasize the need for more data to verify progress on inflation before making any moves.
Originally Published 1 year ago — by NPR
Rent prices in the United States have surged, leading to Americans allocating a larger portion of their income towards housing expenses and leaving less for other necessities. While rents are showing a slight decrease, the significant increases in recent years due to the pandemic and inflation have impacted people across income levels. Experts suggest it will take time for the market to stabilize, and the reasons behind the soaring rent prices are being examined.