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New York City Renters Face $1 Billion in Unpaid Rent

Pro Builder

New York City Renters Face $1 Billion in Unpaid Rent. A recent survey found New York City renters owe $1 billion in unpaid rent, but the survey only accounts for roughly half of the total rentals, pushing the real debt closer to $2 billion. billion in pandemic rental assistance for New York state.

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Repurposeability: The future of college campuses

BD+C

Describing American colleges and universities as suffering from an “Edifice Complex,” in 2012 the New York Times reported that, “A decade-long binge to build academic buildings, dormitories and recreation facilities – some of them inordinately lavish to attract new students – has left colleges and universities saddled with large amounts of debt.”. (..)

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Are Starter Homes a Thing of the Past?

Pro Builder

According to the New York Times, as recently as 25 years ago, builders were able to sell newly built houses of 1,400 square feet with two to three bedrooms for $125,000 or less. In addition, communities–and economics–are requiring that new homes be larger and hence, more expensive. Mon, 09/26/2022 - 11:57.

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Cities Where Buyers Can Afford the Most and Least

Pro Builder

Nearly 67% of Americans are bunkered down by at least one non-mortgage debt. Data compared included median household income in each city, average non-mortgage debt, and median home values. For the cities where Americans could afford the least home, New York City, Los Angeles, and San Francisco unsurprisingly took the top three spots.

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Millions of Renters Left Waiting as Aid Disbursement Lags

Pro Builder

In Maryland, nearly 19% of renters are behind on payments, averaging more than $4,500 in rent debt and California’s 15% of renters behind on payments are behind nearly $5,200 on average, according to data from health and data nonprofit Surgo Ventures. Chan School of Public Health.

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Millions of Renters Left Waiting as Aid Dispersement Lags

Pro Builder

In Maryland, nearly 19% of renters are behind on payments, averaging more than $4,500 in rent debt and California’s 15% of renters behind on payments are behind nearly $5,200 on average, according to data from health and data nonprofit Surgo Ventures. Chan School of Public Health.

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Home Price Appreciation Benefits Some Homeowners but Leaves Many More Scrambling

Pro Builder

While some are swimming in equity, others are drowning in debt—and losing their homes as a result. Property tax increases are causing foreclosure rates to rise in states where homeowners are already facing high unemployment rates, income inequality, and large debt-to-income ratios. Wed, 12/15/2021 - 10:07. Financials. Housing Markets.

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