The nation’s homeowners paid a median of $1,000 in monthly housing costs in 2009, compared with $808 for renters, according to data released today by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. However, renters usually paid a higher percentage of their household income on these costs than did owners [...]
Posts under ‘rental’
Bring Out the Best in Basements
Basements can adopt a split personality. On the one hand, it’s a sweet storage space with minimal décor and a high tolerance for accumulating dust. Yet when it’s time to sell — especially in a competitive real estate market — or expand the home’s livable square footage, the basement needs a little dressing up. That’s [...]
Rents Rise as Apartment Vacancies Fall
Apartment vacancies were down and rents were up last month as people got tired of living in their parents’ basements and rented a place of their own. Nationally, the apartment vacancy rate was 7.8 percent at the end of June, according to research firm Reis Inc., down from 8 percent in the first quarter. Rents [...]
Palm’s Place Condotel, In Escrow
I blogged about this opportunity last month. Since the developer has stopped selling and resale started a couple of months ago, only a handful has been sold, at 35% of what they sold for in 2007, that’s 65% off! I’m happy that one of my investors took advange of this incredible opportunity. Closing in 10 [...]
Waikiki’s shrinking beaches
If you’ve strolled Waikiki beach lately you probably noticed the disappearing beaches. White had greatly dimished over the years. Now there’s a solution: Waikiki beach is getting much needed sand. State officials plan to spend $2.5million to restore a portion of sand on Waikiki Beach by taking it from nearby shoals, widening the 1,700-foot-long beach [...]
Investment in Austin TX
The city of entertainment, good food, good music, and learning. Austin is a jewel in central Texas. consistently ranked amongst America’s “Best Place to Live” (CNN, Money, etc). I present an investment opportunity: AREA DATA: Estimated median household income in 2008: $51,372 (it was $42,689 in 2000) Austin: $51,372 Texas: $50,043 Estimated per capita income [...]
Road to recovery: Local housing market showing signs of strength
Both the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) and the NATIONAL ASSOCIATION OF REALTORS® (NAR) released monthly housing reports this week. However, each report told a different story about the housing market. Nationally, home sales declined but in California home sales rose 14.1 percent in May compared with April and 1.2 percent compared with April 2009. [...]
Always keep in mind the Hidden Costs of Homeownership
Be smart about home ownership. You want to be able to enjoy your new home without the burden of paying credit card debt for that new patio furniture 3 years later. RISMEDIA, June 17, 2010–June is National Homeownership Month. The U.S. Department of Housing and Urban Development (HUD) recognizes this month as a time to [...]
