“More than half (59%) of surveyed renters say they choose to rent, rather than feeling like they are forced to rent. Interestingly, 31% of renters indicated that they feel ambivalent or disinterested in homeownership altogether.”
Report Reveals Generational Shift Toward Renting
Multifamily Executive - December 13, 2023
“More than half (59%) of surveyed renters say they choose to rent, rather than feeling like they are forced to rent. Interestingly, 31% of renters indicated that they feel ambivalent or disinterested in homeownership altogether.”
Record Rent Burdens Batter Low-Income Life
The New York Times - December 11, 2023
“More tenants than ever spend half or more of their income for shelter, leaving less for everything else, taking an emotional toll and leaving some without a place to call their own.”
Hundreds of tenants, struggling to afford skyrocketing rents, are refusing to pay their landlords at all. They call it a rent strike. The landlords say it’s illegal. An inside look at the frontier of a growing class war
City staff has posted the agenda for the 10/10 City Council meeting, including a review of the city's Inclusionary Housing Ordinance (IHO).
I encourage all interest residents to read the materials, attend the meeting (in person or remotely), and if so inclined to comment on the IHO or other topics on the agenda.
Home Prices and Interest Rates Still Rising, Shutting Out More Potential Homebuyers
Harvard Joint Center for Housing Studies - September 28, 2023
“Piling on top of steep jumps over the past year, both mortgage interest rates and home prices rose again in mid-2023, further eroding affordability for homebuyers and leaving all but the highest-income households able to afford the mortgage payments.”
“Repeat after me: building any new homes reduces housing costs for all”
Article in Financial Times by John Burn-Murdoch addresses supply-side scepticism from multiple angles, including the impacts to Auckland and Minneapolis of zoning changes on rents.
Bloody Canadian Media Companies: I subscribe to cable minimally, basically just to get live/local news, some movie channels, and the two national sports channel, TSN (BellMedia) and Sportsnet (Rogers). All in, with a $15 landline, an outdoor security camera, and 1Gbps Fibre Internet, it costs about $230/mo. TSN has 5 live channels. Five! This morning they have two dedicated to the same Formula 1 broadcast and two showing their Sports newscast on repeat.
Meanwhile, on their app, they have TSN+. This used to be included in the main subscription. It shows La Liga football matches, among other things. There are two La Liga matches and one world Rugby match available.
I wanted to watch Valencia v Athletico Madrid today but NO.
As a parent of a kid applying to colleges, I appreciate #Yale university's frankness in talking about price and financial aid (see postcard sent to our house). We're fortunate to come from a background where we know how college costs work, but many don't, so starting a conversation that even "expensive" colleges can be affordable or even free to people of limited means is important in letting students consider a wide range of options.
"The prediction suggests that a sharp rise in home and property #insurance prices, which has already created an #affordability crisis for households and businesses in at-risk areas, has yet further to go."