rent

source

by Mish Shedlock, Mish Talk: Let’s discuss food prices and other factors totally outside the Fed’s control. On Wednesday the BLS released CPI data. For overall details, please see CPI Year-Over-Year Drops a Bit, But Is it Believable? This post is a closer look at food prices. Year-Over-Year Seven Categories  Cereals and Bakery: 10.3% TRUTH LIVES […]

Guess what, renters? You no longer have to pay rent! Guess what, owners? You still have to pay your mortgages and taxes. What will that do to you? You know: It will strip you of the property you own (unless you own it outright), but even then, the lack of income from rents will drive you […]

The best defense against a raging pandemic that has already claimed over 152,000 American lives is simply to stay home. But even this could soon become impossible for millions, as the United States is facing an impending eviction crisis of “biblical proportions,” according to the Housing Rights Initiative.

"Large populations of educated under-employed people are very very dangerous to the social order" while "Jeff Bezos is having a very good crisis" —  Krystal Ball, Saagar Enjeti and Joel Kotkin discuss how screwed people will be, especially young people, when the active coronavirus era ends.by Thomas Neuburger"What will we break if the next thing that breaks is us?" —Yours trulyAs regular readers know, I've been concerned about the "coronavirus endgam

The coronavirus pandemic and the shutdown it has precipitated is having a profound effect on the economy of the United States and the rest of the world. Roberto Azevedo, Director-General of the World Trade Organization warned that his projections predict an economic downturn and job losses more severe than those of the great financial crash of 2008. Renters, those with mortgages, and even many landlords face ruin in this unprecedented catastrophe.

The cost-of-property and rentals in the state of California has become so high that many middle-class workers, seniors, and disabled people are forced to live in their cars. [...]

A new study from Zillow shows that a record 30% of American single adults, up from 21% in 2005, have been compelled to take on roommates to afford monthly rent payments. High rents have resulted from central banking policies that provide low-interest loans that drive up asset bubbles (like real estate) while wage growth is minimal. [...]

Matching up London’s struggling artists with the empty properties of holidaying homeowners, social enterprise Launch Pad is seeking its first applicants. It’s ‘house-sitting for creative folk,’ they say
The post The social enterprise that matches struggling artists with temporarily empty properties appeared first on Positive News.