Word: landlordly
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Apartment fundamentals should improve next year. As mortgage rates have fallen to four-decade lows, more folks have told the landlord to shove it and bought a house. Home ownership is at a record 69%. That trend, along with a weak economy that forced others to double up or move back home with Mom, drove the apartment vacancy rate to 7.1% last quarter, a 16-year high, reports REIS Inc., a real estate research firm. In many markets, rents have been declining...
...economy produces jobs and gives workers the means to own their shelter. REIS estimates that the apartment vacancy rate will top out at 7.2% this year and then ease over the next four years to 6.1%. That shift, along with higher rents anticipated next year, is expected to boost landlord cash flows as much as 7% and lead to healthy dividend growth, offering a compelling reason to own the stocks of apartment REITs such as Avalon Bay, BRE Properties, United Dominion Realty Trust and Home Properties. For a more diversified approach, consider stellar REIT funds like Alpine Realty Income...
Chili’s abrupt closing surprised patrons, students and even the landlord...
...Landlord Erich H. Imhof said he did not know what would replace the eatery...
However, this year Art Squatters will not be able to use the same space to store paints due to fire hazard concerns. “The landlord [of Tommy’s Value], Janet, decided that we shouldn’t keep any more paints where we had stored them last year due to fire hazards,” Gogel says