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 […]
TV chef using ‘legal loopholes’ to avoid rent the past 4 1/2 years
Celebrity chef Madison Cowan has relied on soft eviction laws to avoid paying more than $145,000 in rent at her Brooklyn apartment over the past four and a half years, the landlord claims. The British-born former champion of Food Network’s Chopped and Iron Chef is 53 months behind on rent on the one-bedroom Boerum Hill […]
OnlyFans model with three homes says it’s ‘understandable’ for landlords to raise rent
A young landlord who owns multiple properties has revealed why he thinks it’s completely “understandable” for landlords to increase rents. Grace, 26, built her wealth empire by creating content on OnlyFans. She owns her two apartments and her one house and is looking to buy her fourth apartment. She lives in an apartment in Melbourne, […]
Proposed law would limit massive rent hike at Billionaire’s Row Co-Op
A bill proposed by state lawmakers aims to prevent rent hikes for 25,000 co-op apartment residents who live in ground-lease buildings, including some of Manhattan’s wealthiest neighborhoods. There is. Most co-ops own the building and the land underneath it. But there are about 100 co-op buildings in the city, and the land underneath them is […]
WaPo Claims Biden Does Not Know about Federal Funds Going to Rent Assistance for Migrants
Glenn Kessler, the so-called “fact checker” washington postas Joe Biden worked to refute Donald Trump’s condemnation of the rental assistance program, arguing that his lawmakers can’t be held responsible for the amount of money they’re spending on immigrants. Kessler said in an April 29 edition of “Fact Check.” claimed Former President Donald Trump’s campaign said […]
Denver migrants, advocate say 6 months of free rent is ‘insufficient’
Housing advocates slam Denver’s new asylum seeker program as “inadequate” and a “slap in the face” as the city spends tens of millions of dollars on immigrant assistance and cuts emergency services. They are even holding protests to show their support. Budget to prevent bankruptcy due to inflow of funds. A surge of new immigrants […]
Squatter sublets NYC apartment while owing landlord $72K in rent
A cunning squatter extorted the landlord of at least $72,000 in rent for a Lower East Side apartment, then sublet it for tens of thousands of dollars in profits, the owner alleges. Computer programmer Thor Boucher hasn’t paid a dime for three years on his discounted $2,000 a month apartment on Essex Street, a two-bedroom, […]
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 […]