UK rent rises forecast to outpace wage growth for three years | Housing
Rents are expected to outpace wage growth, despite rents already rising at the fastest pace in history in the UK following the coronavirus pandemic and cost of living crisis. The Resolution Foundation expects further pressure on millions of households, with average rents expected to rise by 13% over the next three years as high growth […]
Overdose Leads Police to Basement Housing 13 Migrants, Mostly Children
Following an overdose death in northwest Indiana, authorities say 13 undocumented immigrants, most of them children, were reportedly living in the basement of a Hammond apartment. Officers from the Hammond Police Department were called to investigate the death of a resident of an apartment complex. But during the investigation, officers found a number of immigrants […]
Man stabbed in the chest outside of NYC hotel housing migrants: cops
A man was stabbed outside a New York City hotel that serves as an immigrant shelter. Police said the victim was stabbed in the chest and forearm by another man during a fight outside the Watson Hotel on West 57th Street. The man was privately transported to Mount Sinai West Hospital in stable condition, police […]
Americans Skipping Meals To Afford Housing Under Biden: POLL
A major real estate company released a study Friday that found renters and homeowners are significantly reducing their quality of life to buy a home under President Joe Biden. Nearly 1 in 5 homeowners and renters report skipping meals to buy a home in the Biden economy. according to Completed a new survey conducted by […]
Mansion tax only makes Los Angeles housing crisis worse
One of the biggest reasons middle-class families leave California each year is the unaffordable cost of housing. The Democratic Party, which controls Los Angeles, tried to address this problem by passing a “mansion tax” that would fund “affordable housing” projects. But like everything else Democrats do in California, the plan backfired, causing residential building construction […]
$40 billion of COVID-19 aid unlocked to build affordable housing
Teachers and other essential workers will be eligible for leave under expanded affordable housing rules, according to a recent Treasury Department document. (iStock) To encourage affordable housing projects, the U.S. Treasury plans to ease state and local governments’ access to unused COVID-19 funds. According to a recent report, the department announced it would update its […]
NY state budget talks drag on with little clear agreement on Hochul’s housing plan
New York state budget talks will drag on in Albany this week as lawmakers remain optimistic despite indications there is little agreement on key issues such as housing. Dew. Gov. Kathy Hochul is pushing for a sweeping bill aimed at expanding housing development in the Empire State, but the bill is increasingly in doubt as […]
Maine Gov. Mills proposes budget revisions for housing, childcare
Democratic Gov. Janet Mills announced a budget amendment Friday that includes additional one-time spending to build housing for Maine residents, provide subsidies to child care providers and accelerate nursing home rate reform. Proposed spending includes $5 million to help mobile home residents purchase mobile home parks and another $22 million to build additional housing, both […]
Barbara Corcoran reveals when housing prices ‘will go through the roof’
One of the most prominent figures in American commerce, finance and real estate has revealed exactly when the housing market will undergo its next dramatic change. “I can’t explain whether interest rates will go up or down. That’s not my preference. But what I can explain is that if interest rates go down another percentage […]
Hochul Dumps $2.4Billion Into Migrant Care, State-Funded Housing
In her latest budget, New York Democratic Gov. Kathy Hochul proposed $2.4 billion in spending for immigrants and a plan to spur housing development in a state with some of the highest rents and home prices in the nation. Hochul on Tuesday unveiled a budget proposal aimed at addressing pressures facing the Empire State, including […]