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Ahead of the L-train shutdown, landlords in Williamsburg, in Brooklyn, are having to offer sweeter incentives to attract new residents and encourage their tenants to renew leases. The conduit between Brooklyn and Manhattan will be closed for 15 months to repair damage caused by Superstorm Sandy.
SmartAsset found the cost of a two-bedroom apartment in 25 cities across the US and how much income is needed to afford rent there. The study calculates how much a renter would need to earn to spend no more than 28% of their income on rent.
Amazon’s explosive growth has contributed to a glut of luxury apartments in Seattle, and now landlords are offering renters free Echos and gift ...
In Amazon's Seattle neighborhood, the company's growth has contributed to a doubling of the apartment stock, The Seattle Times reports. To entice renters, many landlords are offering freebies like Amazon Echos, gift cards, and one month of rent.
Many minimum-wage workers can't even afford a modest one-bedroom apartment, according to the National Low Income Housing Coalition's annual report. The national housing wage for a one-bedroom apartment of $17.90 far exceeds the federal minimum wage of $7.25.
Here's how much it would cost to live in the biggest cities around the globe. The average monthly rent of a mid-range two-bedroom apartment is measured by Deutsche Bank and Hong Kong has the most expensive housing.
The average millennial will spend over $200,000 on rent before buying a house — but Gen Z will spend even more
Generation Z and millennials will both spend over $200,000 in rent before ever buying a home thanks to increasing rent costs. The top four cities where Gen Z renters are projected to spend the most money are all in California —but they'll probably become homeowners quicker than millennials.
Landlords seem to be running out of tricks.
The L-train shutdown is a bargain for New Yorkers who won't mind a longer commute.
San Francisco housing is so expensive that middle-class workers are moving into dorms with shared bathrooms
The "middle-class backbone" in San Francisco includes teachers and retail workers who make between $40,000 and $90,000 a year.