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Where Do Most Renters Want To Live — And Where Are They Trying To Escape?

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Unable to commit. Fear of missing out on something else (#FOMO). Not ready to settle down. No, we're not referring to your ex. Renters also often get a bad rap for being more flighty than their homeowner peers. And it isn't completely unfounded. Nearly two-thirds of renters, about 64%, plan to settle down in a different city, according to an Apartment List report . So where do they want to go? And, perhaps more importantly, where do they want to leave? The rental website surveyed about 24,000 renters, nearly two-thirds of whom were millennials, and then dug into its own internal data for the report. Apartment List looked at 50 large metros across the country for the report. It turns out renters in the priciest metros on the coasts, such as New York and San Francisco, and in inland cities where costs are rising rapidly, like Denver and Austin, TX, are the most eager to move. Folks in colder climes where there aren't as many good- paying job opportunities , like Milwaukee...

Where Do Most Renters Want To Live — And Where Are They Trying To Escape?

Image
Unable to commit. Fear of missing out on something else (#FOMO). Not ready to settle down. No, we're not referring to your ex. Renters also often get a bad rap for being more flighty than their homeowner peers. And it isn't completely unfounded. Nearly two-thirds of renters, about 64%, plan to settle down in a different city, according to an Apartment List report . So where do they want to go? And, perhaps more importantly, where do they want to leave? The rental website surveyed about 24,000 renters, nearly two-thirds of whom were millennials, and then dug into its own internal data for the report. Apartment List looked at 50 large metros across the country for the report. It turns out renters in the priciest metros on the coasts, such as New York and San Francisco, and in inland cities where costs are rising rapidly, like Denver and Austin, TX, are the most eager to move. Folks in colder climes where there aren't as many good- paying job opportunities , like Milwaukee...

Where Do Most Renters Want To Live — And Where Are They Trying To Escape?

Image
Unable to commit. Fear of missing out on something else (#FOMO). Not ready to settle down. No, we're not referring to your ex. Renters also often get a bad rap for being more flighty than their homeowner peers. And it isn't completely unfounded. Nearly two-thirds of renters, about 64%, plan to settle down in a different city, according to an Apartment List report . So where do they want to go? And, perhaps more importantly, where do they want to leave? The rental website surveyed about 24,000 renters, nearly two-thirds of whom were millennials, and then dug into its own internal data for the report. Apartment List looked at 50 large metros across the country for the report. It turns out renters in the priciest metros on the coasts, such as New York and San Francisco, and in inland cities where costs are rising rapidly, like Denver and Austin, TX, are the most eager to move. Folks in colder climes where there aren't as many good- paying job opportunities , like Milwaukee...

Is New Orleans worth it? | News | Gambit Weekly

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At the end of one sticky month during the summer of 2017, Elizabeth Bolles will have finished packing the contents of her Riverbend apartment. She, her partner, their two young sons and two dogs will then pile into her Subaru and drive 350 miles to Houston, where her partner will start a new job.   The move is the upshot of six years of frustration and disappointment for Bolles since she graduated from Tulane University's law school in 2011. Since then, she's struggled to find a well-paying job in New Orleans; she's been runner-up for several positions and has worked odd jobs and short-term gigs to make ends meet . She's in the same boat as many of her friends and acquaintances in the city — a one- time National Merit Scholar who's been waiting tables for a decade, a buddy with two doctorates who can't find a professional job .   "You hear one person's story," Bolles says, "and you think maybe there's something going on with them, maybe...

5 scams that are fooling even the smartest victims

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CLOSE Not all scams are easy to spot. Scammers are getting more and more sophisticated. Defend yourself. USA TODAY Browsing Facebook and checking email? Beware of these online scams. (Photo: Getty Images/iStockphoto) Many people laugh at scams. We see an email from a mysterious stranger. The note is full of odd phrases and terrible misspellings. We instantly share it on social media. “The Prince of Nigeria wants to send me bars and bars of gold!” we write, along with laughing emoji. “Should I take it?”  But not all scams are so easy to spot. Spammers get more sinister every day, and they use real- sounding email addresses , personal data, well-phrased letters, and actual corporate logos to lure their victims. The savviest con artists work remotely , coaxing money out of people they’ve never met in person.  Related: Learn more about a convincing tech support scam that people are falling for. In this era of rampant data theft and cyber-crime, it’s more important than ever to be aware...

Massachusetts' economic boom puts pressure on housing costs

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BOSTON (AP) — Massachusetts’ booming economy is bringing with it a downside for those looking to rent an apartment or buy a home in the state: soaring housing costs , particularly in the greater Boston area . The problem isn’t new, but it’s more acute in places where the economy has taken off, spurred by a surge in the life sciences sector and the arrival of top companies like General Electric to the state. That upward pressure is one reason why Beacon Hill leaders are continuing to look for ways to create new affordable housing units while preserving existing units . Gov. Charlie Baker this week announced $72 million in housing subsidy funds and additional state and federal tax credits to 25 projects across the state. The goal is to help create, refurbish and preserve 1, 970 housing units , including units reserved for low- income families and families making their way out of homelessness. Advertisement “Safe and affordable housing is a cornerstone to the success of our commo...

Breckenridge Apartment Homes Acquired by REIT

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Breckenridge Apartment Homes , Portland, Ore." width="300" height="133" /> Breckenridge Apartment Homes , Portland, Ore. Portland, Ore .— Resource Real Estate Opportunity REIT II , a non- traded real estate investment trust sponsored by Resource Real Estate , announced it has acquired the Breckenridge Apartment Homes . Details about the transaction remain undisclosed . Breckenridge is a garden style multifamily community with 357 units built in 1985 in the West Hills submarket at 8150 SW Barnes Road . The property sits within five minutes of both Providence St. Vincent Medical center and the Sunset Corridor. “We are very pleased to be able to execute the purchase of Breckenridge on behalf of Opportunity REIT II and its investors. Portland is among the best cities in the U.S. for attracting young, creative and educated people. Due to its talented labor pool , Portland has seen the breadth of its job opportunities grow as key employers have followed the ...

Soaring housing prices a growing concern

The Bay State’s booming economy is bringing with it a downside for those looking to rent an apartment or buy a home in the state: soaring housing costs , particularly in Greater Boston. The problem isn’t new, but it’s more acute in places where the economy has taken off, spurred by a surge in the life sciences sector and the arrival of top companies like General Electric. That upward pressure is one reason why Beacon Hill leaders are continuing to look for ways to create new affordable housing units while preserving existing units . Gov. Charlie Baker this week announced $72 million in housing subsidy funds and additional state and federal tax credits to 25 projects across the state. The goal is to help create, refurbish and preserve 1, 970 housing units , including units reserved for low- income families and families making their way out of homelessness. “Safe and affordable housing is a cornerstone to the success of our commonwealth’s families, including access to job opportu...

Top restaurateurs talk ‘going corporate’ in the ever-changing culinary landscape

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Almost 10 years ago, Cactus Club Cafe made an announcement that sent shockwaves across the food world. Rob Feenie, then one of the country’s brightest culinary stars , would be going to work for the Vancouver-based “casual fine dining” chain. The move was calculated on both sides – at the time, Feenie was looking for a stable place to land after walking away from his two restaurants, the result of an acrimonious split with his former business partners. And Cactus Club could cash in on the cachet and street cred a name such as Feenie’s carried at a time when the power of food culture and food television (of which Feenie had been a star) was becoming fully realized. Still, the reaction was swift. “Yikes, Feenie really sold out on this one,” one commenter on the the foodie forum eGullet said at the time. “The power of the dollar!” That announcement was just the start. In the near-decade since, many of the best restaurants across Canada have seen their top talent leave for jobs at c...

Home Values Higher than Ever in Almost Half of Nation's Largest Markets

SEATTLE , Aug. 24, 2017 / / -- Home values are setting new records in about half of the country's largest metros, and the national median home value is now $4,100 more than it was in April 2007 , just before the market crashed , according to the July Zillow® Real Estate Market Report i . Home values in Denver , Dallas and San Jose have appreciated most beyond the previous record-highs set at the peak of the housing bubble in the mid-2000s. Homes in Denver are almost 60 percent more valuable now than during the bubble, increasing from a median home value of $235,900 in April 2006 to a current median home value of $371,100 . When the housing market crashed , home values plummeted and it has taken about 10 years for home values to reach new record highs. Strong labor markets and steady income growth have pushed up home values in the nation's hottest markets more quickly than in others. Among the 35 largest housing markets , 15 ii have higher median home values tha...

New affordable housing impresses Snyder

MARQUETTE, Mich. (WLUC) - Governor Snyder took a personal tour through the soon-to-be Grandview Apartments Wednesday morning . It only took a 15 minutes through the former Holy Family Orphanage built in 1915 in Marquette for Governor Snyder to be impressed with the transformation to these affordable apartments . "It’s incredible to see how they’ve saved a number of the features," said Governor Snyder. "Just the sand stone, if you look at the porch of this place, it really is incredible." But it wasn’t just the historic features that impressed Snyder, it’s the fact that these apartments are affordable housing units where rent will be dependent on income and size. "This is a place for people to come to try to better their lives and to have better access to work employment opportunities ," said Snyder. "I hope this is a place where people can call it home and at the same time, this can be a platform for them to then go buy a single family home...

EPC Multifamily Partners Acquires 331-Unit Apartment Community in Arlington, Texas

ARLINGTON, TX - Eagle Property Capital Investments announced the acquisition of Central Park, a 331- unit multifamily property located in Arlington, Texas within the Dallas / Fort Worth Metropolitan Area. The Property was acquired by EPC Multifamily Partners III, a private investment vehicle raised and managed by EPC. The Property represents the fifth acquisition for Fund III. DFW has one of the strongest fundamentals in the United States in terms of population, job, household income, and economic growth . The Property is in close proximity to abundant employment, recreation, shopping and entertainment venues. It is conveniently located less than 1.8 miles from the Arlington medical cluster , 2.0 miles from Arlington’s retail hub (which includes Arlington Highlands and Parks at Arlington Mall), 1.6 miles from University of Texas at Arlington and just 20 miles from the major employment centers of Downtown Fort Worth and Downtown Dallas . EPC will execute its proprietary ...