Word: renter
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
Like all good things, though, the renter's advantage will come to an end. While PPR projects apartment rent to drop 2.1% this year, next year's decrease is expected to be just 0.5%. That could be the beginning of a trend back toward higher rents, especially if the economy - and jobs - rebound. Plus, in just a few years, the children of baby boomers - an abnormally large cohort of young adults - will begin graduating from college and looking for a place to live, increasing demand for rentals. Considering how many construction projects are being put on hold these days...
...renter, you might want to think about one other option: homeownership. "Prices have come down in some areas so much, renters can even start considering buying," says Gleb Nechayev, a senior economist at Torto Wheaton. He looked across markets at the average monthly cost of buying a condominium, assuming a 20% downpayment and annual fees of 1.5%. Even after adding in interest on the loan, buying an apartment in certain markets - including Las Vegas; San Diego; Orlando, Fla.; Sacramento; and Fort Lauderdale, Fla. - came out to be cheaper than the average rent price. In West Palm Beach, Fla., buying cost...
...side, Harvard’s various entities behave independently enough to engender some seemingly absurd transactions: in 2006, the central administration, looking for room to expand, purchased Mass. Hall from FAS after renting part of the building for years. And in a role reversal, the salesman then became the renter when FAS, needing more dorm space for undergraduates, announced this April that it would pay the University to use the space it once owned...
...reconstruction system relies on an intimate knowledge of the damaged neighborhoods and a reputation for efficiency and incorruptibility. Munir showed TIME detailed diagrams of the buildings in Haret Hreik with files listing the inhabitants of each building, the size of their apartments, whether the resident was an owner or renter, and phone numbers of those who could afford phones. All a resident has to do is show up at the school -with or without identification, deeds, or leases -ˇ and a Hizballah representative assigned to their building checks to make sure that their claim was legitimate. Very few people...
...course, there are trade-offs either way. As a renter, you don't pay transaction costs, property taxes, insurance and maintenance. But you also miss out on a tax deduction for mortgage interest and property tax--often a substantial amount. Then there is the mother of all arguments for buying: building equity. Last year 25 out of 50 states plus the District of Columbia saw double-digit appreciation in house prices. That's a heck of a return. But it's also backward-looking. If interest rates rise, the housing market will almost certainly slow. And in that case...