We depend on insurance companies to likely rip us off as insured members. We depend on foreign oil from far away lands (some unfriendly) to feed the metal beasts we drive. Is that still a pleasure you think? But what if we only need a car every other day, or only on weekends, or only twice a month?
Please meet Angie Hranowsky. Recently, editor Sarah Storms got an inside look at the interior designer's Charleston Single House in South Carolina -- a family-friendly abode infused with vintage finds and vibrant hues. The best part of the transformation: the house is a rental!
Although most of the housing markets with big price gains exhibit unhealthy fundamentals, some markets with rising prices are healthy. Markets with flat or falling prices include both healthy and unhealthy markets.
Nationally, rents rose 5.2 percent year-over-year, still slightly ahead of the national price gain of 5.1 percent. In Houston, Chicago, Philadelphia, and Baltimore, rents are rising much faster than home prices.
While no one can predict the future, all signs would seem to indicate that we are at the start of a very exciting time in real estate. A one percent increase in prices may not get the average home owner so excited, but it's evidence of an upward trend.
Rent or buy? It's a popular topic, and plenty of experts are quick to trot out a simple rent vs. buy index and tell you that if you live in, say, San Francisco, you should be renting, while if you live in Detroit, buying makes more sense.
Each month we publish the earliest leading indicators of how asking prices and rents are trending nationally and locally, adjusted for the mix of listed homes and seasonal factors. Here's the scoop on how prices and rents did in May.
Compared to owning a place, renting is supposed to be a pretty hassle-free existence. If your dishwasher leaks or the window won't open, you tell your landlord and someone comes to fix it. That's the theory.