Word: bedroomed
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...raise the national homeownership rate from 60% to more than 67%, but the bust is bringing it right back down again - probably to less than 60% by the end of the year. As a result, demand for affordable rental units (meaning less than $1,000 a month for two bedrooms in South Florida) is bound to rise. And no amount of empty five-bedroom, three-bath dream houses is going to satisfy...
...Kastastanienallee, Technau points to a house with a crumbling façade. "This is probably the only house on this street that hasn't been renovated yet," he says. Technau has lived in Prenzlauer Berg all his life and currently pays $400 a month for his two-bedroom apartment. He's worried that with rental prices continuing to rise, he won't be able to afford to live in the neighborhood much longer...
...possible, everyone should have at least some space of his or her own. For instance, when Michael Gallagher took over the part of his mother's house that she had been using as an office, she moved her computer and video equipment into a much smaller room adjoining her bedroom. "We each needed our own space. There was no way around that," BJ says of the rearranging she did to accommodate her son. (See 25 people to blame for the financial crisis...
...take me through the general process of what happens when Crime Scene Cleaners gets a call? First they look at all the objects that should be thrown away. Say the suicide is in the bedroom. Straight away, the bedclothes come off - they're going to be thrown away. The mattress - that's going to be thrown away. If there are valuables that can be cleaned, they'll start cleaning them and moving them out of the way. If it's a carpeted floor, there's no cleaning this stuff out of the carpet, so they'll roll...
...will benefit more than others depending on regional economics. Take, for example, Manhattan, the main borough of New York City, whose fate is largely aligned with finance firms. Following mass layoffs, the local apartment brokerage CitiHabitats has already seen a fall-off, with the average rent for a one-bedroom apartment dropping 2.5% in the last three months of 2008, compared with a year before. PPR's one-year forecast show rents dropping in 39 of its 54 markets, sometimes by large amounts - down 2.7% in Memphis, Tenn.; 3.7% in Charlotte, N.C.; 5.2% in Atlanta and 5.9% in Los Angeles...