Rent vs Buy
Ever Wondered What $150k Per Month Rent Will Get You?
With rental prices on the rise throughout much of the nation, many people are looking for ways to save money in order to make ends meet. The end of a lease can mean a hefty hike in rental prices, with some units seeing an increase of ten percent of more. Having to pay an extra [...]
RENT INCREASE WATCH: Rent Vs. Buy Calculator & Economic Outlook
With the economy stepping into a slow and yet hopeful recovery, many apartment renters are wondering whether to expect rents to rise or fall over the next few years. Though the future of the economy is always veiled behind a fog of complex financial interactions, experts tend to agree that the rental market may be [...]
An Introduction: Multifamily—Meet Senior Villages and Cohousing
Senior programs are taking a hit: budget cuts eliminated almost ¼ of the funding going to the Community Development Block Grants program, which funds many senior programs. But seniors, whose population will double from 39 million to 79 million in the next 4 decades, are no dummies. They’re changing with the times, of course, like [...]
Rent Control in California: Another Challenge
What does rent control do? According to the California Apartment Association, rent control can discourage construction of new housing and investment in existing apartments precisely when it’s needed most. The issue is raised because in the case of Guggenheim v. City of Goleta, a 2009 case, a lower court ruled against the property owner. Because [...]
Equity Residential, Apartment Complex Owner Partners With Zipcar!
Equity Residential, the nation’s largest owner and operator of apartment complexes, and Zipcar, the world’s largest car sharing network, are teaming up to bring Zipcars into the hands of Equity’s residents. The partnership will begin in a few key urban areas, though if things go well between the two companies, it is likely that the [...]
CELEBRITY APARTMENTS: Who, What, Where in APRIL!
If you take your cues from celebrities, I have news for you. Some celebrities live in apartments. And some tiny apartment-dwellers become celebrities. So, either way, there is hope This month it’s all about NYC: Earlier in the month, it was reported that friends Kim Kardashian and La La Vasquez, spouse of Carmelo Anthony, have [...]
Rent Increase WATCH: The Economy’s Effect On Rental Trends
In times of economic recession, it’s a common practice for people to share apartments, rent out spare rooms and live with more family members than they would if times were better. Though the rising numbers of people sharing living space may be an indicator of recession, there are many economic benefits for people who chose [...]
An Average Apartment in…..Houston!
Thinking of heading to Houston to live? You’re in luck: apartment rent costs in Houston have been bucking the trend, staying even or, in the case of studio apartments, even dropping over the past three months. Nope, that’s not a typo. The average rent for a 1-bedroom apartment cost $848 in January (for reference, that’s [...]
Rent Increase WATCH: A Growing Concern For Tenants
Feeling like you’re on the cusp of an employment breakthrough? Thinking of getting an apartment with pals instead of sharing your parents’ basement with lidless Tupperwares and your sister’s gymnastics trophies? Does the thought of owning a home make your palms sweat? If you answered “yes” to any of these questions, pay attention: the Economist, [...]
The Reluctant Landlords and the Five Year Rule
Last week, on the front page of the Personal Journal section of the Wall Street Journal was a lengthy article profiling families who had bought a house, but ended up needing to move and then couldn’t sell their house for anywhere near the amount they had bought it. Instead of taking the hit on the [...]
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Facts and Figures
Want to calculate average rent for your city? Interested in rental trends and industry statistics? MyNewPlace has always been a big fan of using data to draw meaningful conclusions about the multifamily and apartment rental industry. Here we share our findings with you!
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