Rising Mortgage Rates Narrowing Buy Vs. Rent Gap


And if youre interested, check out our detailed methodology which explains our entire approach step-by-step. Best of all: today we launched our new Rent vs. Buy Calculator, which lets you compare the cost of renting and buying based on whatever assumptions, prices, rents, and scenarios you like, using the same math that powers our interactive map and this report. Check it out and find out whats the cheaper option for you. San Francisco Bay Area Close to Tipping in Favor of Renting Buying a home is cheaper than renting in all of the 100 largest metro areas, but buying ranges from being 65% cheaper in Detroit to just 4% cheaper in San Jose.
For the original version including any supplementary images or video, visit http://www.forbes.com/sites/trulia/2013/09/19/rising-mortgage-rates-narrowing-buy-vs-rent-gap/

This Megabank Lawyer Pays Lower Rent Than You For No Good Reason

Given his occupation as a corporate lawyer for a $155 billion global banking conglomerate and his pedigree as a graduate of two Ivy league schools, he is by any measure a verified member of the city’s elite. And yet he pays less than $2,000 per month by virtue of a set of regulations designed to prevent landlords from sharply raising rents on people who are, by birth or by circumstance, excluded from that elite. There are 1,025,214 rent-stabilized units in New York City , constituting nearly half of available renting stock. While there are no reliable numbers on vacancy rates or turnover among rent-stabilized units, we know that Manhattan’s overall vacancy rate is between 1 percent and 2 percent, and that tenants in rent-stabilized units hold onto their apartments, on average, for twice as long as occupants of non-stabilized apartments (they’d be stupid not to; Kenny has been in his since 1997). All of which means that there is fierce competition for the apartments specifically designated for people who would otherwise be priced out of the market. Last year, the Times reported on how difficult it is to find one : I have people all the time who come to me and ask me to find them a rent-stabilized apartment, said Alexis Fleming, a broker at Citi Habitats.
For the original version including any supplementary images or video, visit http://gawker.com/this-megabank-lawyer-pays-lower-rent-than-you-for-no-go-1335865489

Rent the Runway featuring plus-size designer dresses

This Badgley Mischka dress is now available in a women’s size 22 and can be rented for $125 at Rent the Runway.

The siteas new a RTR Plus a collection includes more than 40 styles from five designers available in sizes 14 to 22. Added to existing plus-size styles from Kay Unger and Adrianna Papell , designers Badgley Mischka , Carmen Marc Valvo and Theia created dresses exclusively for Rent the Runway, including extended sizes of dresses already available for rent in addition to new styles. Prices range from $50 to $200 and the assortment offers a range from classic property management company maryland little black dresses to sequin and lace to evening gowns. New York-based Rent the Runway said the new section is part of its overall mission to ademocratize luxury fashion for all womena and comes at the request of customers who wanted designer apparel in larger sizes. “Every woman deserves to feel beautiful before the most important occasions in her life and every woman regardless of her size should have her choice of the designer dress that gives her the most self-confidence,” Chief Executive Jennifer Hyman said in a statement.
For the original version including any supplementary images or video, visit http://www.bizjournals.com/newyork/news/2013/09/17/rent-the-runway-featuring-plus-size.html


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