There’s a segment of the super-rich in Manhattan who can easily afford to buy luxury property but for a number of reasons choose to rent instead. In a deep dive into this elite crowd, the Financial Times talked to several real estate brokers who revealed that rent can range from $25,000 to $75,000 per month,
Brenda Edwards considers the four bedroom ranch-style house where she has lived for 20 years her forever home. It’s where the 70-year-old retired nurse and her 79-year-old husband want to stay as their mobility becomes more limited. So she hired an interior designer for $20,000 and spent another $95,000 to retrofit their house in Oakdale, California. She had the
Pandemic relief money that has prevented thousands of Michiganders from being evicted will run out at year’s end, with legal advocates concerned that tenants will once again find themselves on the short end of the lease. Since July 2020, legal aid programs in Michigan have received additional funding as part of the statewide eviction diversion
The U.S. housing market is harboring the potential for unprecedented economic stimulus that wouldn’t require any federal spending, according to Meredith Whitney, the one-time “Oracle of Wall Street” who predicted the Great Financial Crisis. While she has recently warned of the dangers that the “crisis of the American male” poses to the economy and the
New York is eyeing a parcel of unused land off a Long Island airport as part of its first state-owned housing development. Gov. Kathy Hochul announced Friday that a 13-acre site at Republic Airport in East Farmingdale has been earmarked for a major redevelopment that will include affordable housing, open space and “other community amenities.”