Tag: construction
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I’m a recent widow. I’m building a house on my son’s and daughter-in-law’s land. Do I have legal ownership? What if they decide to sell, divorce, or die before me?
Dear MarketWatch, My son and daughter-in-law just moved into their new home, which is on a one-acre lot. They want me to move nearby, as I lost my spouse recently. My dilemma is this: Construction has already begun on a small one-bedroom house for me, for which I am paying cash. What if they decide ... -
A Housing Market Correction Is More Likely Than A Catastrophe
Text size Fears of a housing crisis are likely overblown. Stefani Reynolds/AFP/Getty Images About the author: Ken Shinoda is a portfolio manager with Jeffrey Gundlach and Andrew Hsu of the DoubleLine Total Return Bond Fund. In the depths of the pandemic lockdowns, some feared housing price and mortgage implosions on a scale of the 2007-2009 ... -
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 ... -
15 commercial building permits sought May 26-June 1 in SE Mesa
Independent Newsmedia Commercial building permits listed May 26-June 1 in Mesa City Council District 6 in southeast Mesa are, according to the city’s website (by address, date issued or in review, description, value, type of work and contractor or applicant): 6402 E. Superstition Springs Blvd. No. 224; May 26; in review; add/relocate 14 fire sprinkler ... -
What It Takes to Buy Your First Home Now
Dylan Holland and Breanna Cameron started shopping for their first home in the Atlanta suburbs in December 2021, with a budget of about $350,000. They quickly discovered they would have to do a lot more than they had planned to get a home. The couple wanted to buy before Mr. Holland’s lease ended in July ... -
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 ...
