Latest news with #rent
Yahoo
3 days ago
- Business
- Yahoo
10 Best Cities for Renters Who Need Child Care
The cost of rent in the U.S. has been rising since the onset of the COVID-19 pandemic, with low inventory being the main driving factor. The cost of child care has also been rising — and it's not an expense that parents can just carve out of their lives. Not having adequate child care is a cost in itself. If you can't afford it and you don't have the luxury of family to help out, then you're going to have to provide child care yourself, which means your professional life will take a hit. Learn More: Read Next: The costs of rent combined with the costs of child care can be overwhelming. But it's less horrendously expensive in some major cities than others. A recent analysis by Redfin looked at the combined monthly cost of rent and child care to find the 10 most affordable cities for middle-class renters. Median monthly household income: $10,844 Average monthly child care + rent costs: $3,725 ($1,660 + $2,065) Share of income spent on child care + rent: 34.3% Find Out: Median monthly household income: $8,159 Average monthly child care + rent costs: $2,787 ($1,037 + $1,750) Share of income spent on child care + rent: 34.2% Median monthly household income: $9,512 Average monthly child care + rent costs: $3,154 ($1,434 + $1,720) Share of income spent on child care + rent: 33.2% Median monthly household income: $9,058 Average monthly child care + rent costs: $2,712 ($1,186 + $1,526) Share of income spent on child care + rent: 29.9% Median monthly household income: $7,305 Average monthly child care + rent costs: $2,174 ($899 + $1,275) Share of income spent on child care + rent: 29.8% Median monthly household income: $9,264 Average monthly child care + rent costs: $2,753 ($1,147 + $1,606) Share of income spent on child care + rent: 29.7% Median monthly household income: $11,672 Average monthly child care + rent costs: $3,462 ($1,401 + $2,061) Share of income spent on child care + rent: 29.7% Median monthly household income: $8,048 Average monthly child care + rent costs: $2,274 ($739 + $1,535) Share of income spent on child care + rent: 28.3% Median monthly household income: $8,417 Average monthly child care + rent costs: $2,306 ($851 + $1,455) Share of income spent on child care + rent: 27.4% Median monthly household income: $7,514 Average monthly child care + rent costs: $1,984 ($735 + $1,249) Share of income spent on child care + rent: 26.4% More From GOBankingRates 4 Affordable Car Brands You Won't Regret Buying in 2025 This article originally appeared on 10 Best Cities for Renters Who Need Child Care Sign in to access your portfolio
Yahoo
3 days ago
- Business
- Yahoo
10 Best Cities for Renters Who Need Child Care
The cost of rent in the U.S. has been rising since the onset of the COVID-19 pandemic, with low inventory being the main driving factor. The cost of child care has also been rising — and it's not an expense that parents can just carve out of their lives. Not having adequate child care is a cost in itself. If you can't afford it and you don't have the luxury of family to help out, then you're going to have to provide child care yourself, which means your professional life will take a hit. Learn More: Read Next: The costs of rent combined with the costs of child care can be overwhelming. But it's less horrendously expensive in some major cities than others. A recent analysis by Redfin looked at the combined monthly cost of rent and child care to find the 10 most affordable cities for middle-class renters. Median monthly household income: $10,844 Average monthly child care + rent costs: $3,725 ($1,660 + $2,065) Share of income spent on child care + rent: 34.3% Find Out: Median monthly household income: $8,159 Average monthly child care + rent costs: $2,787 ($1,037 + $1,750) Share of income spent on child care + rent: 34.2% Median monthly household income: $9,512 Average monthly child care + rent costs: $3,154 ($1,434 + $1,720) Share of income spent on child care + rent: 33.2% Median monthly household income: $9,058 Average monthly child care + rent costs: $2,712 ($1,186 + $1,526) Share of income spent on child care + rent: 29.9% Median monthly household income: $7,305 Average monthly child care + rent costs: $2,174 ($899 + $1,275) Share of income spent on child care + rent: 29.8% Median monthly household income: $9,264 Average monthly child care + rent costs: $2,753 ($1,147 + $1,606) Share of income spent on child care + rent: 29.7% Median monthly household income: $11,672 Average monthly child care + rent costs: $3,462 ($1,401 + $2,061) Share of income spent on child care + rent: 29.7% Median monthly household income: $8,048 Average monthly child care + rent costs: $2,274 ($739 + $1,535) Share of income spent on child care + rent: 28.3% Median monthly household income: $8,417 Average monthly child care + rent costs: $2,306 ($851 + $1,455) Share of income spent on child care + rent: 27.4% Median monthly household income: $7,514 Average monthly child care + rent costs: $1,984 ($735 + $1,249) Share of income spent on child care + rent: 26.4% More From GOBankingRates 3 Reasons Retired Boomers Shouldn't Give Their Kids a Living Inheritance (And 2 Reasons They Should) This article originally appeared on 10 Best Cities for Renters Who Need Child Care
Yahoo
3 days ago
- Business
- Yahoo
10 Worst Cities for Renters Who Need Child Care
Rent prices in the U.S. have been going up since the COVID-19 pandemic started in 2020. Low inventory is the chief factor driving high rents, and with interest rates still steep, fewer people can afford to buy. The cost of child care has also been going up in the U.S. Limited supply and overwhelming demand plays a similar role here. But what choice do we have? Working parents need to maintain an income. And even if you have the luxury of working from home, the 'working' part doesn't go away. Child care, however much of a privilege it's become, is a need. Learn More: Read Next: Combine rising rents with rising costs for child care and you get, quite possibly, a financial nightmare. And it's worse in some major cities than in others. A recent analysis by Redfin looked at the combined monthly cost of rent and child care to find the 10 cities that are the most unaffordable for middle-class parents. All data cited is from Redfin, while U.S. Census Bureau data was used to source the median household incomes. Median monthly household income: $11,787 Average monthly child care + rent costs: $4,692 ($1,997 for child care + $2,695 for rent) Share of income spent on child care + rent: 34.5% Find Out: Median monthly household income: $6,419 Average monthly child care + rent costs: $2,393 ($918 for child care + $1,475 for rent) Share of income spent on child care + rent: 38.3% Median monthly household income: $5,941 Average monthly child care + rent costs: $2,658 ($865 for child care + $1,793 for rent) Share of income spent on child care + rent: 40.6% Median monthly household income: $8,077 Average monthly child care + rent costs: $4,396 ($1,609 for child care + $2,787 for rent) Share of income spent on child care + rent: 42.1% Median monthly household income: $8,693 Average monthly child care + rent costs: $3,995 ($1,318 for child care + $2,677 for rent) Share of income spent on child care + rent: 42.6% Median monthly household income: $7,473 Average monthly child care + rent costs: $3,516 ($1,183 for child care + $2,333 for rent) Share of income spent on child care + rent: 44.5% Median monthly household income: $5,058 Average monthly child care + rent costs: $2,846 ($961 for child care + $1,855 for rent) Share of income spent on child care + rent: 45.6% Median monthly household income: $7,313 Average monthly child care + rent costs: $3,892 ($1,145 for child care + $2,747 for rent) Share of income spent on child care + rent: 48.4% Median monthly household income: $6,643 Average monthly child care + rent costs: $4,051 ($1,208 for child care + $2,843 for rent) Share of income spent on child care + rent: 49.2% Median monthly household income: $4,949 Average monthly child care + rent costs: $3,179 ($764 for child care + $2,415 for rent) Share of income spent on child care + rent: 50.5% More From GOBankingRates 7 Tax Loopholes the Rich Use To Pay Less and Build More Wealth This article originally appeared on 10 Worst Cities for Renters Who Need Child Care 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
Yahoo
4 days ago
- Business
- Yahoo
2 Unexpected Reasons Tariffs Could Make Your Rent More Expensive
While the future of tariffs remains to be seen after U.S. Court of International Trade ruled that President Donald Trump had overstepped his authority by imposing them and then a federal appeals court temporarily reinstated them, it's definitely possible that Trump is able to move ahead with his initial plans. If Trump's tariffs are put into effect, the price of many goods could rise — but, perhaps unexpectedly, rent prices could rise as well. Find Out: Read Next: Here's a closer look at why rent could get more expensive if Trump's tariffs are imposed. Renters who move into new buildings will likely see higher prices than they would were tariffs not in effect. 'When construction materials become more expensive — whether it's imported cabinetry, electrical components or flooring — those increased costs squeeze developers and contractors,' said Mike Petrakis, founder and CEO of PowerPay, which works with contractors to provide affordable home improvement payment options. 'In many cases, that pressure gets passed downstream,' he continued. 'For new apartment builds, it means higher development costs, which translate into higher rents to meet return thresholds.' In addition to construction materials, appliance prices are also expected to increase if tariffs are imposed. 'All of these things will increase the cost of construction, providing services and maintaining properties, which are usually passed along to residents in the form of increased rents,' said Jeff Lail, COO of WithMe, Inc., which provides tech-enabled amenity solutions. Learn More: Even renters who don't move to new construction buildings could see rent hikes as the cost to maintain existing buildings increases. 'Property owners operating on thin margins may raise rents, not because they're improving units, but simply because maintaining them costs more,' Petrakis said. 'It's a subtle cycle, but over time, renters end up footing the bill for global policy decisions.' More From GOBankingRates Are You Rich or Middle Class? 8 Ways To Tell That Go Beyond Your Paycheck 7 Things You'll Be Happy You Downsized in Retirement This article originally appeared on 2 Unexpected Reasons Tariffs Could Make Your Rent More Expensive Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Daily Mail
5 days ago
- Business
- Daily Mail
Lamar Odom told to vacate LA home after 'failing to pay rent' despite earning over $114MILLION in NBA career
NBA champion Lamar Odom has been ordered to vacate a Los Angeles home after allegedly failing to pay rent, according to a lawsuit. Odom, who was the 2010-11 Sixth Man of the Year and won two titles with the Lakers, made $114million throughout his 14-year-career. However, as seen in a lawsuit filed in LA County Court, he was recently sued by a landlord for allegedly failing to pay $45,000 in back rent, with a later filing showing a judge ordered Odom to leave the home on April 28. According to the lawsuit - which the ex-basketball player did not respond to - Odom entered into an oral agreement with Executive Recovery Group, Inc., in December on a month-to-month agreement on the home. He allegedly agreed to pay $15,000 per month to stay there, with rent due on the first of every month. However, Odom was accused by the property's owner of not paying three months of rent from January 1 to March 31. The lawsuit was first reported upon by the New York Post. Daily Mail has reached out to Odom's representatives for comment. Odom, who nearly died of a drug overdose in 2015 at a brothel in Nevada, battled drug and alcohol addiction throughout much of his life. As seen in the suit, Odom was to direct his rent payments to 'Montage Recovery CA LLC c/o Elliott Liebhard.' According to a LinkedIn profile of someone with the same name, Liebhard is the CFO at Renewal Health Group, which operates Montare Behavioral Health Group. Odom's listed address in the suit is the same as Montare's 'Montare on the Hill' location in Studio City, which describes itself as a 'mental health residential treatment center.' Daily Mail has also reached out to Liebhard for comment. Odom allegedly received notice to pay or leave the property, namely a three-day-notice on March 11 that was physically posted to the house, the complaint states. The 'fair rental value' of the home was also valued at $500 per day. Executive Recovery Group has also claimed that Odom was mailed the same notice a day later on March 12, as 'no person of suitable age or discretion' could be found at the home. Ultimately, the former Lakers star and ex-husband of Khloe Kardashian was ordered by a court to leave the property and hand over possession of the property to the owner on April 28. In addition to the unpaid rent, he was also sued for the forfeiture of the agreement, lawyers' fees and damages in regards to the aforementioned 'fair rental value.' Odom is believed to have been sober since his brush with death and recently launched meme coin $ODOM, described as 'the world's first Meme coin with a mission to combat drug abuse.' Odom's foray into cryptocurrency recently led him to a crypto gala hosted by President Donald Trump. And the 45-year-old was heckled by protestors as he made his way into the Trump National Golf Club in Sterling, Virginia for the event. Odom and about 200 others - who were all invited as top buyers of the president's $RUMP coin - went to the gala and heard about Trump's plans for bitcoin. The No. 4 overall pick in the 1999 NBA Draft, Odom began his career with the Clippers before spending seven seasons with the purple and gold. He also had stints with the Heat (before his time in LA) and Mavericks, and finished up his career back with the Clippers in 2013.
