Biden's rent cap plan
Business and Economics Full text Teachers union leader celebrates Teamsters leader’s ‘scathing attack on big business’ in Republican National Convention speech American Federation of Teachers President Randi Weingarten said she was “pleased” that Teamsters President Sean O’Brien spoke at the Republican National Convention. Full text Sanders highlights Amazon’s ‘corporate greed’ and warehouse injuries […]
Biden says rent is too damn high — almost — as he courts Vegas voters
LAS VEGAS — President Biden said Tuesday that “rent is too high.” Well, pretty much. “Decades of failing to build enough housing have left rents too high and homebuying out of reach for many working families and young Americans,” the president said in a statement released from the White House as he prepared to speak […]
Biden proposes eliminating tax breaks for landlords who raise rent more than 5 percent
President Biden on Tuesday proposed eliminating tax breaks for landlords who raise renters’ rent by more than 5% annually as part of his administration’s larger effort to lower housing costs. The president called on Congress to pass a bill that would prohibit corporate landlords who increase rents by more than 5 percent per year from […]
Arizona Lawmakers Propose Ban on Taxing Rent Payments
Estimated Reading Time: < 1 minute The Arizona House Ways and Means Committee voted to move forward a bill that would scrap the rent tax at the city, town and county levels. If enacted, House Bill 2067 would not allow someone to face a tax if they’re leasing property for residential purposes, starting on Jan. […]
41% of Small Businesses Can’t Pay Rent this Month
Estimated Reading Time: < 1 minute More than 40% of U.S. small business owners say they couldn’t pay rent on time or in full for the month of November, the highest this year. The small business network group Alignable released the survey, which found that the hardship varies by industry. A notable 57% of beauty salons said […]
Police warn homeowners of ‘out of town’ scammers trying to sell, rent vacation properties they don’t own
Police in Southampton, New York, are warning real estate agents and homeowners to be on the lookout for “outsider” scammers looking to make a quick buck by reselling luxury properties they don’t actually own. The Long Island hotspot has seen a “skyrocketing” in scams, where most of the homes are second homes, and it could […]
Red Lobster could shut down 135 more restaurants due to rent
Red Lobster is at risk of closing 135 more restaurants if it can’t renegotiate lease terms, according to bankruptcy documents filed last week. The filing lists 228 rejected lease agreements that the company warned would result in losses if continued without adjustments. According to Restaurant Business. The list of rejected leases includes several of the […]
Red Lobster tries to keep Times Square location open, NYC rent battle
Red Lobster is fighting to stay open in Times Square, but the bankrupt seafood chain has just weeks to finalize a deal because its landlord is trying to double the rent, according to information obtained by The Washington Post. The restaurant’s lease at Crossroads of the World expires June 30, and the company is negotiating […]
Renting is slightly cheaper than buying, pushing Gen Z to rent more often than buy
Gen Z spends 30% of their income on home purchases, while Millennials spend 36% of their income. (iStock ) For Gen Z and Millennials, homeownership is an expensive challenge. While renting is still a more affordable option, in some cases, renting can be just as expensive. On average, Gen Z spends 30% of their income […]
Arizona squatter investigation: Trio arrested in scheme to rent out dead person’s home, cops say
Authorities in Arizona have arrested three people on suspicion of plotting to rent the deceased’s home and sell two of his cars. One person was found with stolen property belonging to another deceased person upon his arrest, authorities said. Kevin Andrew Strawbridge, 38, Jami DeMaria, 30, and Cheyenne Keller, 29, were reported to have been […]