Posts Tagged: rent

D.C. an Unaffordable Place to Rent

It is always surprising to me how much space a renter gets for $2,000 or less a month. For many parts of Northwest D.C., $2,000 a month rents a junior one bedroom. For most places in the country, this rent is considered delusional whereas it has become a norm in the District. The D.C. housing… Read more »

Rents in Brooklyn and Queens Nearly As Pricey as Manhattan

Median Manhattan sales prices have reached a new high just shy of $1 million since the recession, and median rent in the borough is expected to follow suit and reach $3,092 in 2015. While that’s not all that surprising—everyone knows Manhattan is expensive—and at this point, it’s not even all that surprising that some Brooklyn… Read more »

Where It’s Cheaper to Buy Than Rent in the US

Trulia bases these calculations on all the homes listed on their site for rent or sale in March 2015. They include things like mortgage payments, maintenance, insurance, taxes, closing costs, down payment, sale proceeds and security deposits in the cost of owning and renting, and make a separate calculation for homeowner association fees. At Gay… Read more »

Ten US Cities With Skyrocketing Rents

Sorry, Silicon Valley — rent in San Francisco is still on the rise. Zillow’s Rent Index, which looks at median rents in the nation’s hottest markets, has San Francisco and San Jose at the top of its list for largest year-over-year increase. As unwelcome as that news may be for people in the Bay Area,… Read more »

Are Rising Rents Killing off Gayborhoods?

West Hollywood is a small city geographically; in total we’re less than 2 square miles in size. But our influence and impact is limitless. For 30 years now, “WeHo,” as it’s been affectionately called since its founding, has been a beacon of progressive values and economic innovation for not just the L.A. region but the… Read more »

Should Gay Millennials Be Considering Buying a Home?

Last weekend, I hosted an open house in Kalorama. My property, a newly listed studio condominium, much larger than your average micro-efficiency, was full of charm and priced just above $220,000, very reasonable for the Kalorama market. This was truly a first-time buyer’s dream place. With each passing walk-in, I made two observations. First, half… Read more »

What Does an Apartment in Portland, Oregon Cost?

If you thought Portland’s rental market was hot before, wait until you see the latest data from Zillow. The online real estate company reports that the median rental price for a Portland property in July was $1,427. That number is based on prices for single-family residences, condominiums, co-ops and apartments in Zillow’s database, regardless of… Read more »

Should You Rent Or Buy?

I am currently in the process of evicting my tenants. They make too much noise at night, leave the house and yard in disarray and have not paid rent for months. Last weekend my neighbor caught them naked on the roof deck, napping lazily and taking in the view. What’s wrong with that, you ask?… Read more »

Better to Buy or Rent?

It is a common question for potential homebuyers to gauge whether buying a home or renting a place is financially the best decision. Figuring out whether it’s better to buy or rent rests on three main factors: Where you live, how long you plan to stay and how home prices compare to rents in the… Read more »

Is it Better to Buy or Rent?

The question can be difficult to answer, but it can be broken down into simpler questions to guide you through the decision making process. –How long do you intend to stay in your next home? Renting is better than buying if you anticipate moving in a short period of time. –Do you plan on keeping… Read more »

LA: New Orleans’ Rent Prices Falling

New Orleans housing market is in better shape than much of the nation’s, and what renters may see as good news, real estate investors may see another way. Even though nationally rents are rising on all types of housing with some markets seeing rent jump 10-15%, here in the metro area there’s a very different… Read more »