Rents across the nation are creeping up. But in some cities they´re not rising slightly so much as skyrocketing. Although the average rent across the U.S. is $1,231 per month, in certain areas it can be triple that number. Landlords can afford to charge such daunting prices because there are so few apartments available in high-demand cities. (Snip) Of the 10 cities on the list, six are located on the West Coast, while the other four are on the opposite side of the country on the East Coast. Of the six out west, five are located in California,
One of the main reasons rents are skyrocketing is the fact that lenders are requiring AAA+ credit in order to get a mortgage. After the Feds, courtesy of Jimmah Carter (Community Reinvestment Act), Bill Clinton (Community Reinvestment Act on Steroids), Dodd, Frank & Co., frigged up the housing industry by mandating NoDoc loans to people who weren´t qualified to get a washing machine on credit, the whole industry blew up. Now, lenders have flipped to the other side of the coin. Naturally, if you can´t sell the house since few qualify to get a mortgage to buy the house, you rent it out at market rates...which equal mortgage + taxes + maintenance + profit. There´s usually a long list of prospective renters who´ll begrudgingly pay the price...seeing as they do have to have a place to live.
Boy that hurts Seniors big time. Most of those rents are more than I make a month in retirement. Thankfully I bought this house when it was affordable (7 years ago), mortgage, taxes and Insurance runs $472/month.
In this area Appraisers should be spanked and run out of town. They are appraising houses for far less than they are worth. They whine that "it´s the market", I say "it´s stupidity" or "it´s greed".
We have remained in the first home we ever bought. We really didn´t need anything bigger or better. No need for a three car garage, a pool, four bathrooms or a yard we could not take care of. I do not begrudge those that want those things but we didn´t. We made improvements that did not cost an arm and a leg and our house was paid off by the time we were 50. Our mortgage payment was never over $205 a month. So we will stay where we are. If my husband dies first I will buy a condo and if I die first he will stay in the house. We are close to everything we need so we will stay put. With one bedroom apartments going for $700 a month plus utilities I am content with our decision.
I couldn´t imagine living in a city. I don´t even like visiting cities. I live 45 miles from Boston and I´ve only been there 5 times in 15 years, mostly to pick up relatives who were too cheap to fly into Manchester.
Prices also rise when supply is restricted. Rent controls and ´green space´ provisions and fascist zoning/building restrictions and requirements tend to limit supply of the buildings or the land to put the buildings on. So the market cannot easily build more supply to satisfy the demand - and prices rise. Same if the money supply is inflating, too.
Soon Sanford Florida will be at the top with the doj, wh, acorn, pink panters, media and other feral fascist regime parrots and puppets seeking posh lodging at mere taxpayers expense. For you wanna be ambassadors and entrepreneurs you might consider putting a bath house restaurant featuring dominatrix “sas” wh garden cuisine and a mescal bar. This was not reviewed by "Big Sis". It is busy singing.
Those here who talked about owning a house for a reasonable amount should be aware that a house in these markets is outrageous, too. Even if you bought your house a long time ago, and your mortgage payment is low, taxes and insurance are more than the actual mortgage payment. You could owe $300/month on your loan, but have another $1,500 or so per month in real estate tax and home insurance.
I moved from Minneapolis, Minnesota area where I paid $300 a month plus utilities for a duplex. It had a yard and a garage too. I moved in 1988 and came here to Oxnard, Ventura, CA (by the ocean about 60+ miles from downtown Los Angeles) and my first place was an apartment and was $900. No yard and a parking space outdoors and crowded with too many people.
You can still get a big place, heck you can buy a home back in Minneapolis area for less then the rent out here. I wish global warming was real. It was the 6 months of winter that drove me away.
#18, how many bedrooms does your sister have? Does she have a yard, and privacy? How much equity do you have built up in your apartment? Non. As for those renting in San Francisco, spending over $30,000 a year with nothing to show for it doesn´t sit too good with me. And I can sell my home for about 25 times its cost. How many renters can say that?
#19 ... two bedrooms, one bath, corner lot that´s rather small, small backyard, one car garage.
I owned homes before in CA - two of them. I´m not interested in upkeep, maintenance or building equity. I´ve invested my money elsewhere - someplace that doesn´t require that I mow the law and fix the roof.
RENO, Nevada- A couple and four young children missing in frigid weather since they went on an outing to play in the snow on Sunday were found alive in a remote mountain range in Nevada on Tuesday huddled in their overturned vehicle, a sheriff´s dispatch supervisor said. The couple had taken their two children and the woman´s niece and nephew, who range in age from 3 to 10, to an abandoned mining camp in the Seven Troughs range of northwestern Nevada, Pershing County dispatch supervisor Sheila Reitz said. The six were found in good condition and were treated for exposure
The troubled son of a church pastor who is a spiritual advisor to Barack Obama has died in an apparent suicide. Father-of-three Isaac Hunter, 36, had been battling problems since resigning from a Florida megachurch he founded after admitting to an affair with a staff member last year. A judge also granted his wife a domestic-violence petition after claiming his erratic behavior and alcohol abuse had left her ´fearing for my life and the lives of our three children.´ According to court documents, Hunter had written an undated suicide note saying: ´I have become what I never wished to be,
A federal judge said General Motors Co is not required to pay $450 million to cover medical benefits for retirees, in a defeat for the United Auto Workers union. In a 36-page decision, U.S. District Judge Avern Cohn in Detroit said on Tuesday that the current GM did not assume any obligation for the payment, which the automaker had contracted to make two years before its June 2009 bankruptcy filing. The payment had been part of a June 2007 contract between the old GM, its former Delphi Corp affiliate and the UAW. It was not, however, included in a different
MOSCOW— A Russian Cabinet member says Moscow has reserved the right to use nuclear weapons in response to a conventional strike. Wednesday´s comments by Deputy Prime Minister Dmitry Rogozin carried by Russian news agencies reflected Moscow´s concern with prospective U.S. weapons. Weapons that have been developed in the U.S. under the so-called "prompt global strike" program would be capable of striking targets anywhere in the world in as little as an hour with deadly precision. Russia, which has lagged far behind in developing such weapons, has described them as destabilizing. Without naming the U.S., Rogozin said that those who "experiment
Pleasantly surprised and a bit shocked, I enjoyed religious Christmas carols playing in the elevator of a major hotel. Progressive bullies are relentless in their quest to repeal the celebration of Jesus´s birthday, Christmas, declared a federal holiday in 1870 by President Ulysses S. Grant. Illustrating the effectiveness of the progressives´ intimidation, anonymously, signs are being stealthily posted in public areas: "It´s OK to say Merry Christmas." The progressives´ assault on Christmas leads me to MSNBC-TV host Martin Bashir´s degrading and disgusting punishment suggested for Sarah Palin (i.e., that someone defecate in her mouth). While watching the deplorable MSNBC segment,
WASHINGTON, December 11, 2013–The fourth season of “Duck Dynasty” has already ended. But rejoice! We will get one more dose of the Robertson clan tonight when their Christmas special airs at 10 p.m. on A&E. This Christmas episode, cleverly titled “O Little Town of West Monroe,” will feature the camo clan performing a live Nativity scene for their local church. There will also be a lot of discussions among famkly members about choosing the right Christmas presents for each other. But for a family worth 83 million dollars, you can bet those presents will be piled high under their various
FALFURRIAS, TX — U.S. Border Patrol agents seized more than 2,200 pounds of marijuana Monday at the Falfurrias Checkpoint on U.S. Highway 281 North. During an inspection at the checkpoint, a Border Patrol K-9 alerted to the presence of narcotics in a tractor-trailer. Agents used a mobile X-ray device to scan the vehicle, which revealed the marijuana hidden inside crates. When the agents opened the crates they found concrete benches and bundles of marijuana. The marijuana, which has an estimated value of more than $1.7 million, was seized
A tense exchange erupted during a congressional hearing into the problems associated the Affordable Care Act’s online insurance exchanges. Rep. Michael Burgess (R-TX) probed Health and Human Services Sec. Kathleen Sebelius over whether the ACA’s payment and enrollment systems are functioning, given reports which indicate they are not. He let out a heavy sigh when Sebelius insisted that “The [Federally-Facilitated Marketplace] hub has worked beautifully from start to finish.” Burgess quizzed Sebelius about a private accountability report she commissioned six months prior to the website’s launch which indicated that the ACA exchanges website was going to experience a number of
Nicolle Wallace played the quintessential DC insider on today´s Morning Joe, proclaiming herself a "groupie" of both conservative Senator Tom Coburn and liberal partisan David Axelrod, while also saying she was "inspired" by Paul Ryan´s leadership in forging a budget compromise deal. But the Sooner senator wasn´t letting the inside-the-Beltway bonhomie blunt his criticism, saying the budget deal "sells out" what needs to be done, and gives up "core values." View the video after the jump.I´ll be back with the transcript. Note: Axelrod arguably had the best line. When Wallace said he was smiling because of the internal GOP rift
Pope Francis has been named 2013 Person of the Year by Time magazine - edging out NSA whistleblower and fugitive Edward Snowden into second place. Pope Francis, 76, who was elected in March to lead the world´s 1.2 billion Catholics, was announced as the winner this morning by Time magazine editor Nancy Gibbs on the Today show - no doubt bringing a sigh of relief to those who feared that singer Miley Cyrus of twerking infamy could be propelled to first place by a swell of internet votes. The other five final contenders in the running for the prestigious honor
A series of intimate behind-the-scenes photos aboard Air Force One have revealed the moment George W. Bush proudly showed off his artwork to Hillary Clinton and Michelle Obama - and they look impressed. Other images reveal him sharing a joke with the president and casually chatting ahead of dinner as they flew to South Africa for Nelson Mandela´s memorial service. The luxury aircraft hosted a political reunion on Monday, as the two Presidents and three first ladies - Laura Bush, Michelle Obama and Hillary Clinton - were on board. The Obamas retired to the President´s office and regular cabin at
When I was in high school, I joined the ROTC initially because I was attracted to the uniforms. I figured they would provide an opportunity to escape the constant berating by fellow students owing to my outdated clothing. I was fascinated with the guns and became an excellent marksman, winning several marksmanship awards. I also led a drill team, which was very advanced with the art of disassembling and reassembling military rifles in record time. I advanced through the ranks, eventually becoming the city’s ROTC executive officer and was offered a scholarship to West Point. I gained great respect for
When I was a kid, I knew two different Santa Clauses. The first had a fat belly, rosy cheeks, a long white beard, and skin as pink as bubble gum. He was omnipresent, visiting my pre-school and the local mall, visible in all of my favorite Christmas specials. Then there was the Santa in my family’s household, in the form of ornaments, cards, and holiday figurines. A near-carbon copy of the first one—big belly, rosy cheeks, long white beard: check, check, check. But his skin was as dark as mine. Seeing two different Santas was bewildering. Eventually I asked my father what
US President Barack Obama may have moved the masses attending Nelson Mandela’s memorial service with his stirring eulogy, but it was his grinning "selfie" with the Danish and British premiers that set social networks abuzz. In a candid moment captured by a photographer, Denmark’s Prime Minister Helle Thorning-Schmidt can be seen holding up her smartphone, with Obama lending a helping hand, as they pose for a picture with David Cameron, all three of them smiling broadly in their seats at Soweto’s World Cup stadium.(Snip)Mashable, the news and technology website, ran the photograph under the headline: ‘‘Dear Obama: Funerals are no place
On his way to the podium at the memorial ceremony for former South African president Nelson Mandela, President Obama walked down the line of dignitaries, greeting other leaders there to pay their respects. Among the hands shaken: that of Cuban leader Raul Castro. Obama neither made a special effort to shake Castro’s hand nor to avoid him. A snub might have been awkward: In his speech, Obama praised Mandela’s “greatest gift” as “his recognition that we are all bound together in ways that can be invisible to the eye; that there is a oneness to humanity; that we achieve ourselves by
The Obama State Department has finally released a second round of photos revealing the harrowing devastation wrought by a terrorist attack on the U.S. Consulate in Benghazi on Sept. 11, 2012. The new photographs depict rampant damage to the consulate. They show charred walls, smoldering fires, Arabic graffiti defacing exterior walls, and scattered debris throughout. The extent of the damage would lead any reasonably serious person to conclude that this was a cold, calculated attack, carefully coordinated to mark the 11th anniversary of Sept. 11, 2001. Unfortunately for the American people, the Obama-Clinton-Rice cabal that led to the Benghazi cover-up was
A black fashion student says he was brutally attacked by a gang of Hasidic men who shouted anti-gay slurs at him while he was walking through Williamsburg after a night of partying, the Daily News has learned. Taj Patterson, 22, was headed home to Fort Greene around 4:30 a.m. on Dec. 1 when he says more than a dozen ultra-Orthodox Jewish men began assaulting him on Flushing Ave. and yelling, “Stay down, f----t!”
Johannesburg - A man who provided sign language interpretation on stage for Nelson Mandela´s memorial service, attended by scores of heads of state, was a "fake," the national director of the Deaf Federation of South Africa said on Tuesday. Asked about the claim by The Associated Press, South Africa´s government said it was preparing a statement. Three sign language experts said the man was not signing in South African or American sign languages. South African sign language covers all of the country´s 11 official languages, according to the federation. It wasn´t immediately clear if the unidentified man was using a
A “presidential selfie” featuring President Barack Obama, British Prime Minister David Cameron, and Denmark’s Prime Minister Helle Thorning-Schmidt at Nelson Mandela’s memorial service began making the rounds this morning, but it’s the person not included in the frame who caught everyone’s attention: As anyone with two eyes and a Twitter account has noticed, Michelle Obama does not appear amused. Of course, though a picture says a thousand words, not all of those words are necessarily true. FLOTUS might not have even known the photo was taking place. Or she could disapprove of funeral selfies. Either way.
House Speaker John Boehner (R-Ohio) snapped at conservative groups that have come out in opposition to the budget deal reached Wednesday between Rep. Paul Ryan (R-Wis.) and Sen. Patty Murray (D-Wash.). "They´re using the American people for their own purposes. This is ridiculous," Boehner said at a press conference with other members of House Republican leadership on Wednesday. Over the past few days, a number of conservative groups have blasted the deal because it sets discretionary spending levels in the budget higher than previous levels under sequestration. In the past three days, the influential Heritage Action, Club for Growth, Americans
Barack Obama has arrived in South Africa to lead the American delegation at a memorial service for former South African President Nelson Mandela in Johannesburg. But his party is reportedly stuck in traffic and he is said to have arrived late at the stadium for the ceremony. [Snip] But Mr Clinton, Mr Carter and his wife Rosalynn have all traveled separately to the event. According to reports, Mr Obama and his delegation are stuck in a lines of traffic caused by tens of thousands of people making their way to the event. Mr Obama is among the foreign leaders who
President Obama’s job approval among American voters has dropped to negative territory with just 38 percent voicing their approval versus the 58 who says they disapprove, according to a national poll released Tuesday by the independent Quinnipiac University. That is one percent less than the 39% who said they approved of him in last month’s poll. The majority of the 2,692 registered voters the University in early December said that the president is not honest and trustworthy. When asked, “Do you approve or disapprove of the way Barack Obama is handling his job as President?,” respondents gave Obama lackluster ratings
The sign language interpreter at Nelson Mandela´s memorial yesterday "made up his own signs," according to South Africa´s deaf federation. "He´s a complete fraud," Cara Loening, director of Sign Language Education and Development in Cape Town, said according to ITV News. "He wasn´t even doing anything, There was not one sign there. Nothing. He was literally flapping his arms around." Delphin Hlungwane, an official South African sign language interpreter at DeafSA, told Reuters:
All three networks on Monday morning highlighted the appearance of the Obamas at the Kennedy Center Honors, but only ABC fawned over "fashion win" of First Lady. Lara Spencer enthused that " one of the stars of the show was Michelle Obama." An excited Spencer explained that Mrs. Obama looked "absolutely ravishing in a flowing teal gown as she accompanied President Obama." The co-host declared, "Another big fashion win for the First Lady. CBS This Morning offered a full report on the various performers who were honored, but co-anchor Charlie Rose avoided ABC´s superlatives.