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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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ReportL 2020 Sees Dip in Tall Building Completions

Construction Junkie

Central Park Tower, New York City. For the second straight year, the world has seen a decrease in the number of tall buildings completed, according to a new report from the Council on Tall Buildings and Urban Habitat (CTBUH). Photo by Itrytohelp32 , CC BY-SA 4.0.

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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. SmartAsset analyzed data from the 50 largest cities to find where the average American can afford the largest home, along with the smallest. Data compared included median household income in each city, average non-mortgage debt, and median home values.

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Salary Needed to Afford a Home in the Top 15 Metros

Pro Builder

SmartAsset identified the salaries needed in the 15 largest metros to afford an average home payment and not exceed the recommended 36% debt-to-income ratio. The site compared median home values, property tax rates, down payment, homeowners insurance, and other debt payments to calculate these results. and Philadelphia.

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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. That's fewer than 1 million households receiving assistance, says CNBC.

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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. That's fewer than 1 million households receiving assistance, says CNBC.

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Construction Bad Debt What To Do About It

Contractor Bookkeeping

All construction contractors have experienced the financial pain of bad debt which is defined as a customer who refuses to pay no matter what you do. Oddly enough most of them paid the debt years later and all of them were very appreciative that we treated them with courtesy and respect. Knowing The Answers Helps.

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