Tag: article_normal
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This city is ‘the epicenter of the housing crisis,’ says a Biden administration official
U.S. Department of Housing and Urban Development Secretary Marcia Fudge dubbed sunny Miami the “epicenter of the housing crisis in this country” during a visit Tuesday. Fudge made that stark remark on Miami’s affordability issues while visiting Liberty Square, a public housing complex in the South Florida city, according to the Miami Herald. To anyone ... -
I’m close to retirement and I own 2 homes. If I sell my primary home, I’ll get $100K. My plan is to rent a place for $1,400. Is that a good idea?
Dear MarketWatch, I am a year and a half away from retiring. I own a home in Illinois and a modest vacation home in Wisconsin. I would like to sell my primary home, and save several hundred dollars per month. I would end up with $100,000 cash from the sale. I would like to rent ... -
‘It’s nuts’: Real estate agents describe chaos in New York City’s hot rental market
Renting an apartment in New York City this summer? Say hello to sky-high prices and a fight to the finish. Amid the heat and the occasional rain, there’s a mad scramble to rent affordable apartments in Gotham, which has been undersupplied for many years. Real estate agents describe the mayhem when it comes to prices. ... -
‘It’s nuts’: Real estate agents describe chaos in New York City’s hot rental market and more than half of Americans are living paycheck to paycheck, making them more vulnerable to recession
Hi, MarketWatchers. Don’t miss these top stories. ‘There seems to be little relief in sight’: More than half of Americans are living paycheck to paycheck, making them more vulnerable to recession People living paycheck to paycheck were more likely to have experienced financially distressing events at some point over the last three years. Read More ... -
‘She has a poor work ethic’: I rent out rooms in a single-family home. I charge $1,300 per room, but my sister only pays $800. Should I ask her to pay more?
Dear Quentin, I own a rental property single-family home. I rent the rooms out individually for $1,200 per month plus utilities (about $1,300 all in). I have a very good track record of maintaining full occupancy. One of the tenants is my sister, who has lived in the house for 10 years. Due to our ... -
Eargo Shares Drop 14% After Investment from Patient Square Capital
By Chris Wack Eargo Inc. shares were down 14% to $1.08 Monday after the medical device company said it has signed a definitive agreement with Patient Square Capital to raise $100 million through the sale of senior secured convertible notes, with an additional $25 million future investment subject to certain conditions. The company said it ... -
U.S. investment-grade corporate bond funds and ETFs suffer largest weekly outflows of the year
Investors withdrew billions of dollars out of U.S. investment-grade corporate bonds and related exchange-traded funds over the past week as the Federal Reserve’s aggressive rate hikes plans feed fears of an economic downturn. U.S. high-grade funds and ETFs saw the biggest weekly outflows of $8.9 billion in the week ended on June 22 from a ... -
Safestore 1H Pretax Profit Rose on Investment Gains; Sees Full-Year Earnings Rising
By Joe Hoppe Safestore Holdings PLC said Tuesday that its pretax profit and revenue rose for the first half of fiscal 2022, driven mainly by investment property gains, and forecasts full-year earnings slightly above market views. The London-listed self-storage company posted a pretax profit of 285.2 million pounds ($350 million) in the six months to ... -
4 beach towns where you can buy a house for $300,000 or less
if sandy shores are in your future on a tight budget, here are some spots you might want to think about. Getty Images/iStockphoto With summer in full swing, and many of us hitting the beach, we’re highlighting some beach towns where you can buy a house for less than $300,000. That said, it’s important to ... -
Selling a vacation home that’s gone up in value? A Section 1031 exchange is one way to avoid a tax hit
Say you own a highly-appreciated vacation home that you’re ready to unload for whatever reason. If you simply sell it, you could face a whopping big income tax bill. See my earlier column on that unfortunate outcome. Ugh. But if you’re still bullish on real estate and not a fan of paying taxes unnecessarily, you ...
