I inherited a house in San Francisco from my aunt. My aunt had rented her basement to an older couple (probably illegally) for a few years at below market prices. I don’t believe there was a lease, and it’s probably against building code to have tenants in the basement. The couple’s family lives nearby. I … Read more
February saw a 0.5% drop month-on-month, with prices now 3.7% below their August 2022 peak, rising mortgage rates and the cost of living crisis continuing to discourage home buying. “The recent string of weak house price data began with the financial market turmoil in response to the mini-budget in late September last year,” Nationwide chief … Read more
Apartment rents have fallen in all major U.S. metropolitan areas in the past six months through January, a trend that is expected to continue as the largest delivery of new apartments in nearly four decades is expected to arrive. This year. Tenants with new leases in January paid a median rent 3.5% lower than they … Read more
gremling | E+ | Getty Images There is often a chasm between theory and practice, what we should be doing and what we are actually doing. Yet when it comes to the longstanding advice to renters not to spend more than 30% of their income on housing, the target is increasingly unattainable, experts say. “The … Read more
