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 […]
California Building Fewer Homes As Residents Continue Getting Smacked With Astronomically High Rent
Californians are building fewer housing units as rent prices in the state remain among the most expensive in the nation, causing millions to leave the state. The number of housing permits issued in California fell precipitously last year, dropping from 135,565 in 2022 to fewer than 78,oo0 in 2023, according to data compiled by the […]
Michigan Republican grills Biden on taxpayer-funded rent subsidies going to asylum-seekers
First appearance on Fox: A House Republican from Michigan wants to know whether federal tax dollars are being used to subsidize housing for illegal immigrants. Rep. Lisa McClain (R-Mich.) sent a letter directly to President Biden on Wednesday regarding the federal government’s Office of Refugee Resettlement, arguing that the grant process “raises a number of […]
Michigan GOP lawmakers slam taxpayer-funded rent subsidies for migrants
Michigan Republican lawmakers are sounding the alarm over certain provisions of the state’s New Rental Subsidy program, which gives up to $500 to landlords who rent to immigrants. Gov. Gretchen Whitmer’s administration has argued that the program is aimed at helping newly arrived immigrants find affordable housing and better integrate into society. The program, which […]
WeWork targets Chapter 11 exit by May 31, secures $8 billion in rent reduction
WeWork on Tuesday said it aims to emerge from Chapter 11 bankruptcy protection in the U.S. and Canada by May 31, and will receive 80% of its rent commitments from landlords. The company announced that it had negotiated a reduction of more than $100 million. The shared office space provider, once privately valued at $47 […]
It’s cheaper to rent than buy a starter home in top 50 US metros: Report
Rising mortgage rates and falling rents mean it’s cheaper to rent than buy a starter home in any of the nation’s 50 largest metropolitan areas. New data from Realtor.com Published on Monday. In February, rental prices for apartments and small houses fell for the seventh consecutive year, with rents falling by about 0.4% from the […]
It’s 60% cheaper to rent a home than buy in top 50 US metros: study
A recent study found that as of February, there was a shockingly large difference in the odds of renting a home versus buying one in all of the top 50 metropolitan areas in the United States. For so-called “starter homes” in these popular cities (which some argue don’t exist anymore due to exorbitant borrowing rates […]