rentals

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It's Cheaper to Rent Than Buy in Every Big US Metro Area

Realtor.com takes note of the metric in the 50 largest metropolitan areas

(Newser) - It's a housing market milestone: Renting now beats buying in all 50 of the biggest metro areas in the US, a new report by Realtor.com says. Quartz helps break down the findings:
  • Last year, residents in 45 of the biggest 50 metro areas fared better through renting, but
...

Women Sue After Airbnb Turns Into 'House of Horror'

Suit against rental site, Michigan homeowners comes after women say they were attacked by bats

(Newser) - According to its Airbnb listing, the "Castle House" in Alpena, Michigan, is an "incredible historic home" that's "bursting with charm." According to a group of eight women who rented the abode earlier this year, the place is actually like a "horror movie," complete...

San Francisco Apartment Has a Steep Requirement

Renters must make at least $432K a year

(Newser) - It's not just expensive to own a home in San Francisco, it's expensive to rent. As in, it's the most expensive city in the nation to do so, as the San Francisco Chronicle has reported. The average monthly price for a one-bedroom place clocked in at $2,...

In NYC, Carrie Bradshaw's Apartment Awaits You

Airbnb is renting out replica of 'Sex and the City' brownstone ahead of HBO's reboot of show

(Newser) - If you're already getting excited for HBO's Sex and the City reboot coming next month, think how excited you'll be for the chance to stay in Carrie Bradshaw's apartment, too. Well, a replica of it, at any rate. That's the offer now on the table...

Scottie Pippen: Come Watch the Olympics at My House

Retired basketball star offering stays at his Illinois vacation home on Airbnb

(Newser) - You could watch the Tokyo Olympics from Scottie Pippen's home and, in his words, "sleep in my bed." The six-time NBA champion and two-time Olympic gold medalist has turned to Airbnb to offer three one-night stays at his vacation home in Illinois' Highland Park where fans can...

A 'Staggering' Number Tied to the Virus

Data on 13.4M apartment rentals shows 31% of tenants hadn't paid as of Sunday

(Newser) - A lot of Americans failed to pay rent this month. As of Sunday, nearly a third of US apartment renters hadn't paid any amount of their rent, the Wall Street Journal reports, citing data from 13.4 million rental apartments, excluding single-family homes and subsidized affordable housing. Just 69%...

Condo Owner in Trouble for Creating 4th 1/2 Floor

Xue Ping Ni allegedly turned his condo into a bustling, if cramped, multi-unit rental

(Newser) - A New York condo owner is in hot water after allegedly making Being John Malkovich a reality, the New York Post reports. Officials say Xue Ping Ni turned his Lower East Side Condo into a bustling village of 11 sub-units, some of which have 4 1/2-foot-high ceilings—not unlike the...

Report: Marriott Wants 'Piece of the Pie' From Airbnb

Hotel giant reportedly getting into the home rental business in the US

(Newser) - With about 5 million listings, Airbnb is the biggest platform for home rentals in the world. It may soon be getting some stiff competition with deep pockets, however: Sources tell the Wall Street Journal that Marriott will next month be launching the first phase of its own US home-sharing business,...

Man Accused of Breaking In, Then a 'Dirt-Baggish' Move

Cops say Matthew Robert Paul rented out home that wasn't his while owners were vacationing

(Newser) - With a fireplace and a deck overlooking the bay, the home on Hermosa Beach Road was a desirable rental—so much so that a man who didn't even own the Marysville, Wash., home rented it out. KIRO 7 reports 35-year-old Matthew Robert Paul (or "Ryan," as the...

Airbnb Sues Own Hometown Over Law It Helped Craft
 Airbnb Sues Its Hometown 
Jun 28, 2016 2:40 PM CDT

Airbnb Sues Its Hometown

Company says San Francisco rental registration ordinance is confusing, unconstitutional

(Newser) - Airbnb has filed a lawsuit alleging its First Amendment rights have been violated and that rules surrounding a new city ordinance flout federal protection for internet companies, and its target is its own hometown, the Los Angeles Times reports. The ordinance in question was passed unanimously earlier this month by...

These NYC Apartments Offer Little Privacy, Free Beer

WeLive communal spaces available for $1,375 monthly

(Newser) - Sleeping behind a curtain in Manhattan is now as affordable as $1,375 per month. The WeWork team known for communal work spaces has just launched a building of communal living spaces in New York City's Financial District where rent starts at $1,375 monthly. That price will get...

San Francisco Vote Looms Large Over Airbnb's Future

Prop F would limit short-term rentals to 75 days per year

(Newser) - San Francisco residents are heading to the polls Tuesday to vote on a number of propositions, but the one getting the most attention is Proposition F—essentially a referendum on hometown tech company Airbnb. If passed, Proposition F would limit short-term rentals through Airbnb and other rental sites like HomeAway,...

Wall Street's Latest Gambit Might Re-Wreck the Economy

Salon's David Dayen: Massive home-rental scheme is dangerous

(Newser) - Remember the phrase "mortgage-backed securities" and stories about how they helped send the economy into a tailspin? Well, Wall Street has a new and not-so-improved version, this time involving rental homes, writes David Dayen at Salon . Private equity firms such as Blackstone have been buying as many single-family homes...

Wall Street May Soon Be Your Landlord

Fannie Mae mulls bulk sales that would turn homes into rentals

(Newser) - Wall Street firms may soon have a new gig: landlord. A number of them are looking into getting directly involved in real estate, buying up foreclosed properties from Fannie Mae in bulk, reports the Wall Street Journal . They couldn't then flip the houses—per the deal, they would rent...

10 Reasons to Buy a House
 10 Reasons to Buy a House 
Sep 19, 2010 6:35 AM CDT

10 Reasons to Buy a House

Housing market gloom is over-hyped

(Newser) - Has the housing crisis scared you out of the market? Too bad, because there are still many good reasons to buy, writes Brett Arends in the Wall Street Journal . A few points to consider before hopping on the first train to rents-ville:
  • You could get a deal: Prices are down—
...

Some Like it Haute— and Cheap

'Netflix rental scheme' delivers high-fashion frocks

(Newser) - Budget-minded entrepreneurs are utilizing the strategy of Netflix in high fashion. Now working girls can afford some of the priciest haute couture frocks by renting them on the Internet. The new mail-order service, Rent the Runway , allows shop-aholics to rent top designer fashions for a tenth of their retail cost....

Exurbs, Once Meccas for Homeowners, Now for Rent

Economy trumps plans for thriving communities

(Newser) - Not long ago, the exurbs were were among the fastest-growing parts of the country, drawing people seeking to own affordable homes on sizable pieces of property. But after waves of foreclosures and soaring unemployment, more and more people are turning to renting. Renting keeps landlords afloat, but it also drives...

In DC, Rash of Wary Tux Renters Ahead of Inaugural

(Newser) - Uninitiated DC men are scrambling to procure tuxedos for the inauguration, and they, luckily, have a few seasoned resources, the Washington Post reports. While inveterate ball-goers frequent Brooks Brothers and such, a younger class of invitees is flocking to the capital’s rental shops, where veteran tailors calm their jitters....

Are Dog-Sharing Plans Cruel?
 Are Dog-Sharing Plans Cruel?
Aug 5, 2008 10:20 AM CDT

Are Dog-Sharing Plans Cruel?

Practice, for pay or between neighbors, catching on; Boston bans renting pooches

(Newser) - Faced with a desire for a dog but lacking the ability to care for one full-time, some are turning to dog-sharing programs—though others say the idea is unhealthy for man’s best friend, the Wall Street Journal reports. “From a social standpoint,” programs like Flexpetz, which arranges...

Why Buy a Bag You Can Rent?
 Why Buy a Bag You Can Rent? 
Mar 25, 2008 7:09 PM CDT

Why Buy a Bag You Can Rent?

Bag and jewelry rental businesses capitalize on economic downturn

(Newser) - The economic downturn has fueled a surge in leased luxury goods, Portfolio reports. A small membership fee or monthly payment enables designer addicts to rent It-bags and other high-end accessories at businesses like From Bags to Riches. "Instead of owning an asset you can just buy the experience,"...

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