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A Troubling Amount of US Renters Are in Deep

More and more US tenants spend 30% or more of their income on housing

(Newser) - The often-recommended rule of thumb when it comes to housing is to not hand over more than 30% of your gross income to a landlord or mortgage company and the accompanying utilities. In the United States, more renters than ever are surpassing that limit, further burdening a middle class beset...

Landlord's Holiday Gift Has Tenants Calling Her an 'Angel'

Britni Ricard gives renters in her New Orleans apartment building a month's free rent

(Newser) - Britni Ricard certainly has her hands full as the CEO of a cosmetics company, but last year, she decided to branch out and start investing in real estate. Now, some uplifting news from the entrepreneur's very first investment property, a 10-unit apartment building in New Orleans where renters, many...

Looking to Rent? This Is the Best City for It

Chandler, Arizona, tops Forbes Advisor's rankings

(Newser) - It's not easy for everyone to enter the homeownership arena these days, thanks to high home prices and rising interest rates . Forking over a monthly payment to a landlord, therefore, may be the best option for many. Forbes Advisor went on the hunt for the best cities for renters,...

If You Live Alone, Your 'Freedom Comes With a Cost'

Renting a home solo in a more expensive US city could cost you thousands more in 'singles tax'

(Newser) - There are definitely benefits to living by yourself: no messy roommates, privacy, staying up as late as you want without worrying about keeping anyone else up. But every pro has its con, and in this case, a big drawback if you're a solo renter in the US is what...

Rents Take a Plunge, Zillow Finds
Rents Take
a Plunge,
Zillow Finds

Rents Take a Plunge, Zillow Finds

Month-to-month drop could suggest inflation is easing

(Newser) - Rents posted a decline in November, an indication that inflation could be slowing. The 0.4% drop reported by Zillow was the largest month-to-month decline since the company began monitoring rents in 2015, Axios reports. Rents are still running above pre-pandemic levels, averaging $2,008 per month nationally. Because of...

Looking to Rent? Your Best Bet Is Here

Columbia, Md., tops WalletHub's list of best cities for renters

(Newser) - There are many reasons why people may choose to rent over buying a home—but that doesn't mean renting is always an inexpensive proposition. In fact, WalletHub reports that last year, rental prices rose at nearly double the rate of any previous year. Still, there are places in the...

In Manhattan, an Eye-Popping First on Rent

Average monthly cost in the NYC borough is more than $5K

(Newser) - It's no secret that living in New York City isn't cheap, but the borough of Manhattan just logged an eye-popping first. WABC reports that the average monthly rent there exceeded $5,000 last month, a record-breaking figure that's up almost 30% compared to 2021. Looking for a...

San Francisco Apartment Has a Steep Requirement

Renters must make at least $432K a year

(Newser) - It's not just expensive to own a home in San Francisco, it's expensive to rent. As in, it's the most expensive city in the nation to do so, as the San Francisco Chronicle has reported. The average monthly price for a one-bedroom place clocked in at $2,...

Administration Says It Can't Save Eviction Ban

3.6M renters say they could be kicked out soon

(Newser) - The Biden administration announced Thursday it will allow a nationwide ban on evictions to expire Saturday, arguing that its hands are tied after the Supreme Court signaled the moratorium would only be extended until the end of the month. The White House said President Biden would have liked to extend...

The $1.2M Rent? Oakland A's Aren't Paying It

Team says it can't use venue due to shelter-in-place order

(Newser) - The Oakland Athletics have so far refused to pay the $1.2 million annual rent due April 1 for use of its city and county-owned ball park. Henry Gardner, interim head of the Coliseum Authority, tells the East Bay Times the Athletics "said because they haven't used [the...

The Rent Is Due. Now What?
The Rent Is Due.
Now What?
the rundown

The Rent Is Due. Now What?

Rent strikes being organized around the nation, but 'mom and pop' landlords struggling, too

(Newser) - The new month has arrived, which means the rent is due for millions of Americans. Combine that with off-the-charts unemployment and it adds up to misery not just for tenants but for many landlords, too. While many states and the federal government have put protections into place to stop evictions...

Man Felt 'Violated' After Landlord Text on Stimulus Check

Ore. man says property manager illegally accessed payment status via IRS site, asked for rent

(Newser) - On April 15, Austin Goodrich received his stimulus check from the government. That same day, he got some odd texts from his property manager, per Business Insider . In messages documented by Joshua Browder, CEO of the DoNotPay legal chatbot, Goodrich's landlord asked him, "You got your stimulus, just...

Michael Che Pays Rent for 160 People
Michael Che
Pays Rent for
160 People

Michael Che Pays Rent for 160 People

Gift honors his grandmother, who died from COVID-19

(Newser) - Michael Che made sure everyone knew he was "Martha's grandbaby" during a weekend appearance on Saturday Night Live, in which he spoke about the grandmother who'd died of complications from COVID-19. Now he's honoring her in a big way. The SNL co-head writer took to Instagram...

A 'Staggering' Number Tied to the Virus

Data on 13.4M apartment rentals shows 31% of tenants hadn't paid as of Sunday

(Newser) - A lot of Americans failed to pay rent this month. As of Sunday, nearly a third of US apartment renters hadn't paid any amount of their rent, the Wall Street Journal reports, citing data from 13.4 million rental apartments, excluding single-family homes and subsidized affordable housing. Just 69%...

Cheesecake Factory: Sorry, We Can't Pay Rent Next Month

'Extraordinary events' due to coronavirus have forced the chain's hand, CEO David Overton says

(Newser) - If you've lost income due to the coronavirus outbreak and don't think you can make your rent payment for April, Cheesecake Factory can relate. In fact, the restaurant chain knows it can't make rent—and it has informed its landlords across the nation as such. "Due...

Flagship Stores Have a Serious Problem

Even Barneys New York is looking at possible bankruptcy

(Newser) - It used to be considered the retailer's crown jewel—a large format store on a swank corridor that showed off the best of what a brand had to offer. But now the so-called flagship store is disappearing from high-profile shopping thoroughfares like Manhattan's Madison Avenue and Chicago's...

In Los Angeles, a 'Disaster of Epic Proportions'

Spike in homelessness tied to increasing rents, lack of affordable housing

(Newser) - Despite $619 million spent to end homelessness around Los Angeles in 2018, the situation only got worse. Over the last year, the number of people living on the streets, in vehicles, or in shelters rose 12%, to just under 59,000 in Los Angeles County, and climbed 16% to 36,...

She Died at 84. Then People Found Out About Her NYC Rent

Late actress Patricia O'Grady was forking over $28.43 a month for Greenwich Village apartment

(Newser) - The subject of rent control has prompted some big headlines over the past few years, but one out of Manhattan will likely cause fellow city dwellers' jaws to drop. A New York Times obituary notes that in March, 84-year-old Patricia O'Grady was hit by a car near her Greenwich...

Startup Gets Renters Into Chi-Chi SF Apartments Cheap

By putting one person in a bedroom made from the living room

(Newser) - If $1,125 sounds like a steal for a San Francisco apartment rental, it is—but you get what you pay for. Business Insider reports on the "real-estate bliss" being offered to the city's "desperate renters" by startup HomeShare , which has since 2016 leased apartments in luxury...

SF Man Has to Stop Living in Box in Friend's Living Room

Peter Berkowitz's brilliant $400 rent idea was an illegal one

(Newser) - It seemed brilliant, so long as you're not claustrophobic: In early March, Peter Berkowitz armed himself with a few friends and a few tools and built a 32-square-foot wooden box, euphemistically referred to as a "bedroom pod," and placed it in a friend's living room. With...

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