Showing posts with label Renting. Show all posts
Showing posts with label Renting. Show all posts

Wednesday, October 21, 2015

Rent is too damn high


In India toilets seem to be a luxury item.

Back closer to home...

"A 23-year-old Google employee lives in a truck in the company's parking lot and saves 90% of his income"
The idea started to formulate while Brandon — who asked to withhold his last name and photo to maintain his privacy on campus — was interning at Google last summer and living in the cheapest corporate housing offered: two bedrooms and four people for about $65 a night (roughly $2,000 a month), he told Business Insider.
"I realized I was paying an exorbitant amount of money for the apartment I was staying in — and I was almost never home," he says. "It's really hard to justify throwing that kind of money away. You're essentially burning it — you're not putting equity in anything and you're not building it up for a future — and that was really hard for me to reconcile."

As for food and showers, that's all on Google's campus. He eats breakfast, lunch, and dinner at work and showers every morning in the corporate gym post-workout.

Wednesday, November 6, 2013

"US Rents Rise To New All-Time High; Homeownership Rate Stuck At 18 Year Low"

"One quarter ago, when we performed our regular update on trends in US homeownership and rents, we said that "The American Homeownership Dream is officially dead. Long live the New Normal American Dream: Renting." What happened since then is that the American Dream briefly became a full-blown nightmare when in Q3 mortgage rates exploded, pummeling the affordability of housing, and ground any new mortgage-funded transactions to a complete halt (don't believe us - just ask the tens of thousands of mortgage brokers let go by the TBTF banks in the past 6 months). Which is why it was not at all surprising to find that the just updated Q3 homeownership rate has remained stuck at 65.1%: the lowest since 1995."

Read the rest of the Zero Hedge post here