Rent prices fell slightly overall in January, but rose in some parts of US
Conference Board Chief Economist Dana Peterson says in Making Money that the LEI is great for the commodity economy. Asking rent prices in January edged down across the U.S. for the sixth consecutive month, but not enough to reassure renters given the price hikes of recent years, with rents still rising in some areas. are […]
Linda Rosenthal paying just $1,573 for five room rent stabilized apartment
Upper West Side Rep. Linda Rosenthal has trumpeted that she has no interest in building any more market-rate housing for New Yorkers, but she is willing to pay only a fraction of the market price for landmark buildings. I have lived in a palatial, rent-stabilized apartment for 40 years. . The Democratic chairman of the […]
Medicaid can now cover rent, utilities, food, and more
The Biden administration’s Medicaid guidelines expanded the ability for states to use a portion of their budgets to provide rent assistance and utility payments to recipients. New guidelines from the Centers for Medicare and Medicaid Services recommend that at least 3% of Medicaid spending can go toward experimental grants, as long as states add their […]
Private tenants in Scotland ‘face big rent rises and mass evictions’ from April | Scotland
Private tenants in Scotland face huge rent increases and mass evictions as emergency protection expires at the end of next month, campaigners have warned. Ruth Gilbert, national campaign chair for Scottish tenant union Living Rent, said that while the Scottish Government had “effectively rubber-stamped rent increases from April”, the transitional measures were inadequate and confusing, […]
3rd grade teacher goes viral for charging students rent
A third-grade teacher in North Carolina has garnered international attention for charging students to rent desks and chairs and forcing them to pay fines for bad behavior. Classroom Economics by teacher Shelby Lattimore has been praised for teaching children financial literacy and giving students a way to theoretically earn an income by working in the […]
US lawmakers scramble to address skyrocketing rent prices
Millions of Americans are struggling with inflation, a lack of affordable housing, and overwhelming rent increases due to the end of pandemic relief. A recent study found that half of renters nationwide are facing housing cost burdens, and the number of affordable housing units has declined significantly. The housing crisis has resulted in a surge […]
Landlords accused of price-fixing rent rates across country
Dozens of landlords have been accused of manipulating rent prices through the use of online software RealPage, according to tenant groups. real page is a property management software that uses data to recommend pricing for millions of properties in the United States. Tenants in Jersey City, New Jersey, have filed a class action lawsuit against […]
Paying rent still a problem for 24% of renters
Some renters are having difficulty paying their rent. Research shows that approximately 24% of American renters experience rent affordability issues due to rising rent prices and other factors. It was launched on Monday by Intuit Credit Karma. According to the company, a total of 36% of adult Americans rented. The survey surveyed more than 1,200 […]