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    Bravo/YouTube Kyle Richards Kyle Richards and Mauricio Umansky have raised the selling price on the Bel-Air mansion they first listed four years ago. According to Radar Online, the “Real Housewives of  Beverly Hills” star and her realtor husband have upped the price of the 7-bedroom, 8-and-a half-bathroom house to  $6,495,000 after lowering it to under $6 million earlier this year. The house, which the celebrity couple bought in 2011 for $3 million, first went on the market in 2017 and has been listed for sale and as a rental ever since.Fans Have Seen the House on Past Seasons of ‘The Real Housewives of Beverly Hills’ View this post on Instagram A post shared by Kyle Richards Umansky (@kylerichards18) Fans may recall seeing Kyle’s spacious Bel-Air estate showcased on early seasons of “The Real Housewives of Beverly Hills.” She also once took Entertainment Tonight on a tour to show off the $1.5 million renovations she had done on the home. “When we first bought this house, it was an outdated ’80s modern. Not cute at all,” Kyle told ET. “No,...
    LOS ANGELES (AP) — Homebuilders and other real estate companies are increasingly betting that would-be homebuyers frustrated with a shortage of homes for sale and runaway prices will settle for renting their slice of the American Dream. While individual homeowners and mom-and-pop investors still account for the vast majority of single-family rental homes, homebuilders have stepped up construction this year of new houses being built for rent. In the third quarter, builders broke ground on 16,000 single-family homes slated to become rentals. That’s the highest quarterly total of housing starts for built-to-rent homes going back to at least 1990, according to an analysis of U.S. Census data by the National Association of Home Builders. The trade association’s analysis includes only homes that builders are going to hang onto and rent out. That excludes homes being built to be sold to real estate investment trusts or investors planning on renting the properties. While those rental homes accounted for only 5.4% of all single-family housing starts in the third quarter, builders are doubling down on the build-for-rent model, with some already...
    FAIRFIELD, Calif. (KGO) -- It's a story that's hard to forget. A group of friends visiting the bay area last month woke up to find their rental home in Fairfield vandalized: the garage door painted with a threatening message telling them to leave this place or else and all four tires of their rental van slashed.It quickly became clear the group got caught in the middle of a contentious neighborhood debate over short-term rentals. Despite how disturbed they were by the vandalism, though, they were even more disturbed to find out the seven-bedroom home should not have been listed on VRBO where they booked it. Solano County put a moratorium on short-term rentals earlier this year and this home does not have a permit."The most wrong to me would be the homeowners because they're like, let's keep renting!" Alana Harrison, one of the renters, told ABC7 News at the time.After the incident, VRBO removed the property from their site and reimbursed the renters.VIDEO: Bay Area vacation home renters targeted with threat, vandalism from neighbors after booking mishap EMBED More News...
    MTV "Teen Mom OG" star Mackenzie McKee wasn't expecting to have to go house hunting so soon. “Teen Mom OG” star Mackenzie McKee wasn’t expecting to have to go house hunting so soon. The mother-of-three thought the lease on her Sarasota, Florida, rental was up at the end of October, but it was actually September 30. More, McKee had been expecting to extend her lease for another 90 days — the landlord told her that was an option when she moved in on October 1, 2020 — but he actually had someone else who was lined up to take over the property. “I have so much to catch you guys up on,” McKee said in an Instagram stories update, recorded by The Sun. Though McKee still owned her house in Oklahoma, they were renting it out as an Airbnb. “Our lease was up — we own a home in Oklahoma, it’s an Airbnb — and we were renting [in Sarasota]. We knew our lease was coming up but we also thought we could extend it because that’s...
    FAIRFIELD, Calif. (KGO) -- It was a nightmare scenario for a group of friends on a recent vacation to wine country.The group, which rented a home on VRBO, woke up to their van's tires slashed and a threatening message painted on the garage. They quickly realized they were caught in the middle of a contentious neighborhood debate over short-term rentals."I can't even believe that this is real, honestly," Alana Harrison told ABC7 News.Harrison, who is from Kansas, said her friend booked their group of 11 people a short-term rental in the Green Valley neighborhood of Fairfield. On their third day there, they woke up and found a threatening message spray-painted on the garage.RELATED: Rental warning for long and short term rentals"This is your final warning. The tribe has spoken. Leave this place or else," a message on one part of the garage said.Scribbled on the other side of the garage was: "You have no idea who live on this mountain. Do not underestimate our people!"All four of the tires on their rental van had also been slashed. NIGHTMARE VRBO RENTAL:...
    Loading tubs of men's clothing into the back of his truck at a Salida storage unit, this is Barry Morphew pictured with alleged girlfriend Shoshona Darke for the first time.  Morphew, 53, was seen stepping out in a black t-shirt and jeans on Monday, three weeks after being released from jail on a $500,000 bond, while mom-of-one Darke, 51, was casual in a black top and brown shearling-lined boots.   The outing marks the first time the two are seen together in public after previously denying reports that they are in a romantic relationship. The exclusive DailyMail.com photos were taken as prosecutors demanded Morphew leave the property where he has been staying since he was set free in September – and move into Darke's modest downtown Salida home where they say he is paying the $2,000-a-month rent. Barry Morphew was seen for the first time with his alleged new girlfriend, Shoshona Darke, 51, during a trip to a storage unit in Salida, Colorado  The 53-year-old, who is charged with first-degree murder, evidence tampering and other charges in connection to his wife Suzanne's...
    (CNN)Russ Melchert and his wife flew from Kansas City, Missouri, to Dallas on Friday to watch his alma mater's football team play the next day at the Cotton Bowl. Melchert was set to return home at 12:35 p.m. Sunday from Dallas Love Field airport on a Southwest Airlines flight, but it was just one of thousands of flights canceled over the weekend due to air traffic control problems, limited staffing in Florida, and bad weather, Southwest said.Russ Melchert and his wife at the Texas-Oklahoma football game in Dallas on October 9. No rental cars were available to drive outside of Dallas, and booking on another airline would have cost about $1,800, Melchert said. So the couple rented a U-Haul truck, threw their carry-on luggage in the back, and were homeward bound. Melchert estimates spending $900 on the rental truck and fuel. "They were super-nice and took care of us, and we drove all day. But nine hours later, we're in Kansas City." Melchert said. Russ Melchert's rental that helped him and his wife get home. Read MoreSouthwest, the world's largest...
    Even before the pandemic, home booking sites like Airbnb and Vrbo were becoming increasingly popular with travelers. The opportunity to have a homelike experience, complete with full kitchen, extra living space and local flavor, was more appealing than a standard hotel room for many. Arlyce Melheim from Stillwater, Minnesota, likes to book homes for family trips rather than run-of-the-mill hotel rooms. “I like vacation rentals that feel more homey and are often in a neighborhood rather than on hotel row,” she says. During COVID-19 times, home rentals became even more appealing. Travelers could enjoy a much-needed change of scenery but not be surrounded by other people in a crowded hotel. They could rent a home large enough to accommodate friends and family in their “bubble” and take part in a comfortable shared experience. The problem? For many savvy travelers who like to use rewards points to cover the cost of lodging, most of the big vacation rental companies don’t have loyalty programs. That means when you book a trip, you can’t earn points that can be redeemed toward the next...
     A SAVVY single mum-fo-two has shared how she has overhauled her shabby living room and kitchen with just £218. 29-year-old Charli Jones from Berkshire, moved into her new housing association home in March with her two children.  Feeling like the property lacked personality and the majority of the decor was “plain and boring”, the smart mum decided to put her own stamp on the space.  7Charli updated her kitchen on a low budgetCredit: Jam Press 7Charli's kitchen before she renovated itCredit: Jam Press The kitchen featured plain grey flooring, tiling and wooden cupboards.  To create a more welcoming and homey space, the mum updated the room by painting the cupboards, adding a marble-style splashback, costing just £5 per panel, and applied a bright white vinyl adhesive to the worktops, costing just £18.  Once the transformation was complete, Charli, who is mum to Amelia-Grace, eight, and Rosie, four, shared it on her Instagram channel, amassing over 36,000 views and the motivation to update the rest of her new home.  The savvy mum said: “Some areas were rather plain and the living...
    Millions of renters with little or no credit record have long been shut out of the American dream of home ownership. For some, that's about to change for the better.  Starting September 18, mortgage giant Fannie Mae will consider the most recent 12-month rent payment histories when lenders run its automated creditworthiness check system. Aspiring homeowners must grant Fannie permission to examine rent-payment records from checking accounts or electronic services like PayPal or Venmo.  Under the current system, landlords don't report rent payments to the three big credit-ratings companies, so they aren't included in calculating traditional consumer credit scores. Mortgage payments, however, are included. Advocates have long fought to change that disparity, which can effectively can lock out first-time buyers with a stellar record of responsibly paying their rent on time.  "For many households, rent is the single largest monthly expense. There is absolutely no reason timely payment of monthly housing expenses shouldn't be included in [mortgage] underwriting calculations," Sandra L. Thompson, the acting director of Fannie's regulator, the Federal Housing Finance Agency, said in a statement last month....
    CHICAGO (CBS) — Only on 2: a young family is out thousands of dollars and a place to live. It’s a rental scam we’ve been investigating for weeks. CBS 2’s Tara Molina reports this isn’t the first time these scammers have targeted a home listed by Invitation Homes, so why hasn’t anything been done to prevent it? READ MORE: No Respect For Kids: Chicago Rapper Speaks After He And Teen Were Shot What’s new this time around? The lengths these scammers are going, with no one from the company they’re impersonating getting in their way. The “you’re invited to lease” sign in the front yard of a home in Glendale Heights on Friday, and the sign that Kelli DiBella took a picture of Thursday on Thursday appear nearly identical, except one is fake and one is real. Unfortunately, the real one showed up on the front lawn, with stickers warning of scams posted on the front door, after Kelli and her family toured the house, signed a fake lease, and sent more than $2,000 to someone who turned out to...
    OAKLAND — The Oakland A’s on Wednesday said that Major League Baseball is aware of an incident last month in which the wife of reliever Jake Diekman said a neighbor attempted to enter their rental home and threatened to shoot her and their 2-year-old daughter. Amanda Diekman tweeted about the incident earlier Thursday, providing details about the encounter and the family’s frustration with finding legal recourse against the would-be intruder. Diekman said a 23-year-old man from the neighborhood attempted to break into their home on Aug. 28 and was arrested later that day. According to the post, the Diekmans filed a restraining order, but law enforcement told the family the order could not be served because of the man’s mental health status. Related Articles A’s A.J. Puk optioned to Las Vegas; Miguel Romero called up for big league debut Oakland A’s bullpen woes continue in loss to Chicago White Sox Painting the AL wild-card picture: Can the Oakland A’s get back into a top spot? A’s continue to sink, swept...
    By Prashant Gopal | Bloomberg Soaring prices. Competition. Desperation. The dramatic conditions for U.S. homebuyers during the past year are now spilling into the market for rentals. Landlords from Tampa, Florida, to Memphis, Tennessee, and Riverside, California, are jacking up rents at record speeds. For each listing, multiple people apply. Some renters are forced to check into hotels while they hunt after losing out too many times. “Any desirable rental is going within hours, just like the desirable sales,” said Shannon Dopkins, a Realtor in Tampa. “One woman passed on a place that was beat up with water damage. Somebody else decided to rent it.” After weakening early in the pandemic as the economy faltered and young people rode out lockdowns with family, the rental market is now seeing record demand. The number of occupied U.S. rental-apartment units jumped by about half a million in the second quarter, the biggest annual increase in data going back to 1993, according to industry consultant RealPage Inc. Occupancy last month hit a new high of 96.9%. Rents on newly signed leases surged...
    TOLEDO, Ohio -- Going to the gym was always part of Kari Hamra's routine until last year's government-ordered shutdowns forced her to replace the workouts with daily rides on her Peloton stationary bike.That's when she discovered something surprising - she did not miss the gym. At least not the driving back and forth, filling water bottles, changing clothes and most of all, taking time away from her husband and two boys.Now that her gym in Springfield, Missouri, is open again, she's slowly returning. But finding a more convenient exercise schedule at home and seeing a surge of COVID-19 cases in her hometown this summer have her questioning how much she needs the gym. She figures that if there never had been a coronavirus outbreak "I would still be a gym rat."The pandemic has reshaped how Americans exercise and upended the fitness industry, accelerating the growth of a new era of high-tech home workout equipment and virtual classes.Thousands of small fitness centers and studios that were forced to close a year ago now are gone for good. Others are struggling to...
    TOLEDO, Ohio — Going to the gym was always part of Kari Hamra’s routine until last year’s government-ordered shutdowns forced her to replace the workouts with daily rides on her Peloton stationary bike. That’s when she discovered something surprising — she did not miss the gym. At least not the driving back and forth, filling water bottles, changing clothes and most of all, taking time away from her husband and two boys. Now that her gym in Springfield, Missouri, is open again, she’s slowly returning. But finding a more convenient exercise schedule at home and seeing a surge of COVID-19 cases in her hometown this summer have her questioning how much she needs the gym. She figures that if there never had been a coronavirus outbreak “I would still be a gym rat.” The pandemic has reshaped how Americans exercise and upended the fitness industry, accelerating the growth of a new era of high-tech home workout equipment and virtual classes. Thousands of small fitness centers and studios that were forced to close a year ago now are gone for good....
    Going to the gym was always part of Kari Hamra's routine until last year's government-ordered shutdowns forced her to replace the workouts with daily rides on her Peloton stationary bike. That's when she discovered something surprising: She did not miss the gym. At least not the driving back and forth, filling water bottles, changing clothes and most of all, taking time away from her husband and two boys. Now that her gym in Springfield, Missouri, is open again, she's slowly returning. But finding a more convenient exercise schedule at home and seeing a surge of COVID-19 cases in her hometown this summer have her questioning how much she needs the gym. She figures that if there never had been a coronavirus outbreak "I would still be a gym rat." The pandemic has reshaped how Americans exercise and upended the fitness industry, accelerating the growth of a new era of high-tech home workout equipment and virtual classes. Thousands of small fitness centers and studios that were forced to close a year ago are now gone for good. Others are struggling...
    A missing Texas girl has been rescued from a vacation rental home in Florida where she was held captive by an armed felon after telling her parents she was going to a church camp. The girl, 15, had told her parents she was going to Florida for 'an all-inclusive church retreat' before boarding a plane to the Sunshine State, the Charlotte County Sheriff’s Office said in a press release. Deputies contacted the camp she said she was attending and found that she'd never registered and had never been to the church. The teen's friends also later told cops she'd been chatting with an older man on social media apps. The Dilley Police Department was first called by the teen's worried parents when they didn't hear from her for 'several days.' Texas cops pinged the teen's cell phone to 18541 Ohara Drive in Port Charlotte, Florida. Vincent Joseph Robusto, 38, was arrested on Friday when Florida deputies found the teen at the vacation home he was renting. Vincent Joseph Robusto, 38, was arrested on Friday when Florida deputies found the teen at the...
    A missing Texas teen was found in Florida last week after investigators tracked her to a vacation rental home where an armed felon was holding her against her will, authorities said Monday. Vincent Joseph Robusto, a 38-year-old convicted felon out of Georgia, was arrested Friday in Port Charlotte, the Charlotte County Sheriff’s Office said. FLORIDA WOMAN ARRESTED FOR ALLEGEDLY LOCKING SEVERELY AUTISTIC GIRL IN CAGE The 15-year-old girl from Dilley, Texas, had told her parents she was going to an all-inclusive church retreat in Florida. When the girl did not call for several days, her parents contacted local police. Police pinged her cell phone to an address in Port Charlotte, Fla., and alerted Charlotte County deputies, the sheriff’s office said. When deputies arrived at the address and knocked on the door, they spotted a man running into a back room. He refused to open the door or acknowledge the officers’ presence, according to authorities. Robusto was charged with false imprisonment of a person against their will, interference with custody of minor, possession of firearm ammunition or weapon by...
    Many Americans are seeking quiet, secluded trips to the great outdoors this year — only to find millions of others are doing the exact same thing. Travelers hoping to avoid the throngs in cities and theme parks are finding themselves among record numbers of visitors to national parks and coastal destinations.  Americans searched for national parks more than any other travel destination in May and June, according to the consumer data company ShareThis. "Many campgrounds and lodging in and around popular destination national parks — places like Yosemite, Yellowstone, Zion, Glacier, and Acadia — are already fully booked or nearly fully booked through Labor Day," said Stephanie Roulett, a spokesperson for the U.S. National Park Service told CNBC.Crowds gather to watch the Old Faithful Geyser erupt at Yellowstone National Park on July 14, 2021.Natalie Behring | Getty Images News | Getty ImagesTo make matters worse, private rental home rates are surging, with rates up as much as 79% from 2019. But this isn’t happening everywhere. Using Google Trends and rental home data from 265 municipalities, a Florida-based travel company analyzed...
    A TRAGEDY unfolded when a seven-year-old boy was trapped between the elevator doors of his family's luxury vacation home in North Carolina. Officials said the boy's head and neck were crushed by the elevator, which had an accordion gate inside the outer door of the home elevator. 3The Ohio family had arrived at their luxury vacation home just hours before the deadly tragedy occurredCredit: Twiddy Vacation Rentals Emergency responders were called to the vacation home at about 6.40pm Sunday evening in response to a report that a child was trapped in the elevator. EMS found the boy trapped between the elevator car and the elevator shaft inside the Franklyn Street home in the Corolla Light neighborhood. The child, who was from Canton, Ohio, could not be resuscitated and was pronounced dead at the scene, officials. said. "It's just such a terrible tragedy," Corolla Fire Chief Rich Shortway said. It was the first day of the family's vacation at the luxury North Carolina home in Outer Banks, which rents for about $14,000 per week. ...
    New York (CNN Business)There's no escaping it: Prices are rising across the board, including all the essentials -- food, clothing and shelter.American home prices are up 20% over the past year. Prices of food eaten outside the home were up more than 4% in June over the past year, and apparel prices rose nearly 5% over the same time period. That's not all. Virtually every aspect of American life is getting pricier -- a key measure of inflation just hit a 13-year high. Here's a look at three ways everyone is paying more.Buying a carRead MoreCar prices are through the roof.At the start of the pandemic, factories shut down and car supply sharply declined. A year later, Covid-induced closures are still sending shock waves through the auto industry. Add in a global chip shortage inhibiting the production of new cars and buyers who are eager to buy cars, and you've got the perfect supply and demand storm to drive prices up.In May, the average new car price hit a record $38,255, according to JD Power, up 12% from the same...
    A SINGLE mum was forced to give up her three children after being rejected for 100 rental homes where they could have lived together. Clover Coleman's three children, aged 5, 7 and 10 had to move in with their dad after her unsuccessful applications to find a new home in Mount Gambier, South Australia. 2The young mum was separated from her kids following the renting crisis 2Clover Coleman was homeless after not being able to get a rental The young mum started applying to move into new rental homes with her three kids in February - but she was faced with rejection after rejection. According to The Advertiser, Ms Coleman also applied for community housing, but was told that the waiting list was 10 to 12 months. And once the time came for her to move out, she narrowly avoided having to sleep on the street when a friend let her sleep in a bed temporarily. The homeless mum was then saved after a local women's group heard about her troubles and helped her find a home. The...
    A Holocaust survivor who returned home to the Hamptons to find her tenant still there refusing to leave has spoken out to slam her tenant and claim that she 'totally destroyed' some of her furniture and left bags of trash outside. Genya Markon, 78, spends the winters in Israel and the summers at her $675,000 home in Hampton Bays - which has been in her family since it was purchased by her parents in 1967. But Markon said she flew home to the Hamptons only to find her tenant still there.  Markon told DailyMail.com that she had gone without renting the home during the winters for 10 years because she was 'wary' about whom would rent the home. 'I didn't know who would want to live in Hampton Bays in the winter. Then I learned there were real estate agents who deal with winter rentals,' Markon said. 'I rented it to this woman, Julie Rinke, who presented herself as an interior decorator. She had two daughter who were in college, one a freshman and one a sophomore.'  Scroll down for...
    A Holocaust survivor returned to her home in the Hamptons to find that her tenant was still there, refusing to leave, and had 'totally destroyed' some of her furniture, according to court documents. Genya Markon, 78, spends the winters in Israel and the summers at her $675,000 home in Hampton Bays. She had leased out the home in July 2020, and the lease expired on June 18. But Markon says she flew into the U.S. only to find her tenant, Julie Rinke, still there. Julie Rinke was seen on Thursday returning to a home owned by Holocaust survivor Genya Markon, 78 - which Rinke was supposed to vacate on June 18. Markon has now taken Rinke to court to try and force her from the property Rinke has refused to comment when asked by DailyMail.com why she was still in the house Markon's home in Hampton Bays was leased in July 2020, and was due to be handed over on June 18. Rinke, however, remains in the property Rinke, a real estate broker, is accused by Markon...
    More On: the hamptons Complaint-plagued Hamptons airport trying to boost image with beehives Late billionaire real-estate mogul’s Hamptons home lists for $70M Man killed in Hamptons blaze was previously busted for trying to murder mom Charles Gwathmey’s famed Sedacca House relists for $2.5M A Hamptons squatter allegedly trashed her rental home and is now abusing the pandemic-related eviction ban to overstay her welcome, her elderly Holocaust-survivor landlord claims in a new lawsuit. Genya Markon, the rightful owner of the Hampton Bays home, flew in from Israel last month, expecting to spend the summer at the spot a short walk from Shinnecock Bay, described on Zillow as a 1,260 square-foot, three-bedroom, two-bathroom valued at more than $657,000. But, Markon and her lawyer allege, tenant Julie Rinke has refused to clear out of the Bay Avenue abode since her lease ended on June 18, leaving Markon, 78, without a place to stay. “Genya is in a real bad spot,” said her attorney, Anthony W. Cummings, who late last month filed a suit in Suffolk Supreme Court seeking Rinke’s ouster as well...
    TAKE a peek inside Janelle Brown's new $82k mobile home with a kitchenette, dining area, bunk bed, loft, and master bedroom. The Sister Wives star revealed that she moved into the trailer earlier this week after her rental was sold out from underneath her. 11Janelle has moved into a Milestone mobile homeCredit: Instagram 11The vehicle is 429 square feetCredit: Heartland RVs Janelle, 52, has moved into a Milestone 386BH mobile home that has been parked on the dirt driveway of the Brown family's Flagstaff property. The vehicle features a luxury kitchenette, complete with a miniature oven, full-sized refrigerator, and microwave. The living space holds a couch and dining table with a half booth, and a flat-screen TV that hangs parallel to the entryway. Through a small staircase and hallway the trailer extends into the master bedroom, a space with a full-sized bed, storage, and mirrored closet. 11The kitchenette features full-sized appliancesCredit: Heartland RVs 11The trailer sleeps 7-8 peopleCredit: Heartland RVs On the opposite end of the vehicle, the area opens up to a second living space, complete with bunk beds,...
    A SAVVY couple who were forced to miss out on a big wedding day revealed how they put the cash they saved towards buying their first home – and celebrated with a ‘first home cake’, designed to look like their block of flats. Timi Merriman-Johnson, 31, and Jenni Hagan, 30, who first met at a wedding in 2015, originally planned to spend around £20,000 on a grand celebration with two ceremonies, two parties and more than 200 guests. 9The couple have saved around £16kCredit: PA Real Life But instead, will have a small affair at a Chelsea registry office, with just 12 of their nearest and dearest this August, costing around £4,000. The cash they saved was put towards helping them buy the flat they already shared in Southwark, south London for £465,000. Timi, a financial content creator who goes by the name Mr Money Jar, and technology consultant Jenni celebrated their completion date with the enormous chocolate and vanilla cake. Timi, from Croydon, said: “We were already living in the property, so we didn’t have a moving in day....
    SISTER Wives star Janelle Brown revealed she’s moved into a trailer as her family’s money troubles continue. The 52-year-old reality star admitted she was struggling to find a new home after her previous Arizona rental was sold, leading her to a trailer as the best option. 3Janelle Brown revealed she's moved into a trailer amid her family's money strugglesCredit: Instagram Janelle shared a photo of her new mobile home over the weekend, with the massive white vehicle parked on dirt driveway of the Brown family’s property. Revealing her life update with fans, she wrote in the caption: “So I have something fun to share. I acted boldly and seized an adventure.  “…Presenting my new summer adventure - the RV life but camped on our property.” She explained of her decision: “The rental where I was living was sold and I chose an alternative path to trying to find another rental.  3She's parked the mobile home on the Brown family's propertyCredit: Instagram 3Kody Brown's wife admitted she has a lot of 'anxiety' about doing this but also a lot of 'excitement'Credit:...
    VIDEO2:0602:06Rents for single-family homes see largest gains in nearly 15 yearsSquawk Box Many things have been in short supply during the coronavirus crisis, and that includes housing. When the country went into lockdown, Americans were on the move. The sudden shake up caused a spike in home prices. Even now, potential buyers continue to be shut out of the housing market as prices head higher and higher. At the same time, the pandemic-induced run on housing has put even more pressure on the demand for rentals, which are generally more affordable than ownership. More from Personal Finance:Here are the best ways to tap your home for cashMany Americans can't afford an emergency expenseHow to determine your spending rate in retirement Anyone with a little extra space can turn that room into a rental. For some, this is an investment opportunity. As the nation's housing crisis intensifies, a growing number of homeowners, particularly in high-cost areas, are converting a piece of their property into a garage apartment, granny flat or guest house for short- or long-term rent. So-called accessory dwelling units,...
    A month ago in this column, I described how the sale of a manufactured home community in Blaine to a Utah-based investment firm might be an ill omen. The main takeaway was that the Twin Cities’ most affordable housing is increasingly becoming a financial commodity, controlled by national investors. I wrote that “if left unchecked, institutionalized housing threatens to become a modern-day feudalism.” Since then, a new 48-page report has foregrounded the problem posed by investor-owned single-family rental properties in Minneapolis and St. Paul. Despite the overall wealth of the metro area, there’s no starker sign of its metropolitan segregation of opportunity than the wide gulf between Black and white homeownership rates, the largest in the nation. “Who Owns the Twin Cities?” was released this month by the Urban Institute policy nonprofit. It analyzed the impacts of the COVID-19 pandemic on the Twin Cities’ longstanding racial gap in home ownership rates. The authors, Yonah Freemark, Eleanor Noble and Yipeng Su, were interested in how the events of 2020 affected that key inequality. Article continues after advertisement “Looking at the census,...
    The American dream of home ownership should be replaced by corporate investors snapping up houses and turning them into rentals, one economist is proposing. Karl W. Smith, an adjunct scholar with the Tax Foundation and Bloomberg columnist, believes that scenario could be positive, even if he doesn’t address the fact home ownership is the main way for the middle class to build wealth. Smith argues “a nation of renters is not something to fear. In fact, it’s the opposite.” Smith lays out his argument, including citing the troubling statistic that the 64.3 percent of Americans who owned home in 2016 is the lowest percentage since the U.S. Census Bureau starting keeping track of that data in 1984. And Smith gave a nod to former President Donald Trump, saying homeownership rebounded during his tenure to 66 percent, “but that trend is likely to be arrested by a housing market that is desperately short on supply and seeing month-over-month price increases greater than they were in the frenzied market of 2006.” Smith argues that single family homes have historically been an “extremely illiquid asset.” And,...
    Home and vacation rental company Airbnb will pursue legal action against guests who completely trashed a house in North Dallas, Texas, by throwing a wild party.   Airbnb spokesman Ben Breit told CBS 11 News in a statement Friday that the violence and disrespect shown to the home is “completely unacceptable” and that the company “will pursue legal claims and damages against the booking guest who held this reckless event, in addition to a lifetime ban from our community.” A viral video shows party guests in North Dallas acting in an unruly manner, bashing televisions, kicking in doors, destroying walls and turning over furniture. Red Solo cups litter the floor and lawn, and shouts from the rowdy partiers are heard in the video.  Daj Williams allegedly attended the party and posted the videos online, claiming that chaos ensued after the people who rented the home said that they were ready for bed and the party had ended. “This is exactly why I don’t go to parties!” Williams wrote.    The statement also noted Airbnb has suspended the listing for...
    The wife of a Cantor Fitzgerald executive accused of squatting at a $5million Hamptons home broke down in tears this week as she explained that the couple and their two children have nowhere else to go.  'I'm not squatting, I'm just trying to keep my kids with a roof over their heads,' Stephanie Pion told DailyMail.com outside the gated four-bed, three-bath property Thursday.   Stephanie and her husband Paul Pion, the chief administrative officer of the Manhattan finance firm, have remained at their $10,000-a-month Water Mill rental despite their two-year lease expiring on May 31.  In a lawsuit filed against the Pions last Friday, the owner of the Long Island property claimed the wealthy couple were exploiting New York's Covid-19 moratorium barring eviction and refusing to vacate the house.  The filing claims the Pions have another home in Manhattan and have been using 'shifty' means to stay at the rental - which has also allegedly been in a state of disarray.  But Stephanie, 39, has insisted 'there's no truth' to the allegations, claiming she's just trying to care for her two...
    Airbnb is taking action to uphold its party ban policy.  The home and vacation rental company is taking legal action against a guest booking at a North Dallas based rental after party guests acted in an unruly manner, destroying walls, furniture and television sets during a recent gathering, a new video posted to Facebook shows as reported by CBS 11 Dallas Fort Worth.  Airbnb is taking action to uphold its party ban policy after guests trashed a rental home in North Dallas. (iStock) The party escalates into an outdoor brawl where two men are seen kicking the home’s door as others litter the yard with trash, the video shows, according to the local news station. The individual who shared the now-viral video online reportedly said revelers were mad the party was over and the Dallas Police Department is investigating the matter further, according to CBS 11 DFW.  AIRBNB EXTENDS ‘PARTY BAN’ THROUGH SUMMER 2021 "The violence and total disrespect for this home is completely unacceptable, and we will pursue legal claims and damages against the booking guest who...
    Karley Stokes says she posted the image on the right while staying at the vacation rental. Jam Press/Karley Stokes OnlyFans model Karley Stokes and seven friends paid $26,000 total to rent a Florida home for a week. Stokes claims that the owner kicked the group out after she posted a bikini picture by the pool. Stokes said that she has not yet received the partial refund she was promised from VRBO. Visit Insider's homepage for more stories. An OnlyFans model claims that the owner of a vacation rental kicked her out of the home in May after she posted a photo by the pool wearing a bikini. Karley Stokes, a model on the pay-per-view adult subscription site OnlyFans, said she and seven friends were booted out of the home they rented in Naples, Florida, through vacation-rental website VRBO. According to the media agency Jam Press, Stokes and her friends planned to stay in the home for a week at a total cost of $26,000. Stokes told Jam Press she has yet to receive a partial refund from...
    NEW YORK - More than 4 million people say they fear being evicted or foreclosed upon in the coming months just as two studies released Wednesday found that the nation's housing availability and affordability crisis is expected to worsen significantly following the pandemic. The studies come as a federal eviction moratorium is set to expire at the end of the month. The moratorium has kept many tenants owing back rent housed. Making matters worse, the tens of billions of dollars in federal emergency rental assistance that was supposed to solve the problem has not reached most tenants. The housing crisis, the studies found, risks widening the gap between Black, Latino and white households, as well as putting homeownership out of the reach of lower-class Americans. The reports were released on the same day as the Census Bureau's biweekly Household Pulse Survey came out. It showed that nearly 4.2 million people nationwide report that it was likely or somewhat likely that they will be evicted or foreclosed upon in the next two months. Many of those tenants are waiting to...
    More On: erika jayne The 10 most expensive homes owned by the ‘Real Housewives’ ‘RHOBH’ star Erika Jayne’s Pasadena mansion listed for $13M in bankruptcy sale Erika Jayne reportedly moves into $1.5M home amid Tom Girardi divorce An ugly mess: The scandalous implosion of Erika Jayne and Tom Girardi Blondes usually have more fun, unless you’re Erika Jayne and have to downgrade from a 10,200-square-foot mansion to a 2,100-square-foot home. Amid the release of the salacious Hulu documentary, “The Housewife and the Hustler,” which details “The Real Housewives of Beverly Hills” star’s legal troubles, many fans have wondered about her current living situation after being forced to leave her lux lifestyle behind. Jayne, 49, divorced her husband of 20 years, Thomas Girardi, after he was accused of misappropriating at least $2 million in client funds, and moved out shortly thereafter. Last month, Girardi, 82, was forced to put up the $13 million five-bedroom, nine-bathroom estate for sale amid his Chapter 7 bankruptcy case. Once the mansion goes under contract, Girardi will have 20 days to move out, according to the bankruptcy deal...
    More On: Celebrity Real Estate ‘Modern Family’ star Julie Bowen lists post-divorce LA home for $3.85M Inside Robert Redford’s longtime $4.9M Utah ranch up for sale Elon Musk lists his ‘special place’ in San Francisco for $37.5M TikTok bashes Billionaires’ Row apartment asking ‘just $22 million’ While her ex-husband is getting steamy with Jennifer Lopez, Jennifer Garner is thriving in her $14 million mansion rental. Garner, 49, is renting a Pacific Palisades mansion while she waits for construction to finish on her new Brentwood mansion located near ex-husband Ben Affleck, 48. They are co-parents to their three children — 15-year-old Violet, 12-year-old Seraphina and 9-year-old Samuel. The six-bedroom, 7½-bathroom home spans 10,500 square feet, according to the listing. It is unknown how much the “Alias” actress is shelling out for the rental, but the home’s monthly rental value is estimated at $53,271 a month, according to Zillow. The white home with bay windows was built in 2009 and formerly owned by cosmetics heir Dean Factor and his wife, Shannon, before being purchased by the current investor-owner for...
    A wealthy Manhattan lawyer and his wife are refusing to leave their Hamptons rental, according to a lawsuit, amid claims they have turned the $5million property into something from 'an episode of Hoarders'. Paul Pion, the chief administrative officer of the Manhattan law firm Cantor Fitzgerald, and his wife, Stephanie, have spent $10,000 a month for the past two years to rent the Water Mill property, but their lease expired on May 31, according to court documents filed in the Suffolk County Supreme Court. The homeowner, meanwhile, found a buyer for the home, and was set to close the deal on Tuesday, but the couple are taking advantage of the eviction moratorium that prevent landlords from kicking out tenants during the pandemic, the lawsuit states.   Paul Pion and his wife, Stephanie, have been renting out a property in Water Mill for the past two years, but a court document claims their lease ended on May 31. They are pictured in an Instagram post from Stephanie Pion The property is valued at nearly $5 million, and the homeowner has...
                      by Scott McClallen  Legislation in Lansing aims to dictate whether local governments can ban Michiganders from generating income via short-term rentals (STR). The Michigan Municipal League (MML) opposes the bill backed by GOP lawmakers, Senate Bill 446 and House Bill 4722, which aim to stop governments from banning STRs. A vote is expected within two weeks. Each side says the other wants governmental overreach. MML says Lansing outright prohibiting local government from banning STRs statewide is advocating for “big government,” while the GOP says local government telling residents how they can and can’t use their home is also government overreach. Rep. Sarah Lightner, R-Springport, sponsored HB 4722. “People’s private property rights have been threatened by the blanket bans some communities have taken against short-term rentals,” Lightner previously told The Center Square. “Some families make ends meet by renting their homes to others for short periods of time. My goal is to create consistency in the way all short-term rentals are treated across our state – so families can invest confidently in a home without the...
    More On: the hamptons NYC eatery offers a week in Costa Rica to new hires The Hamptons publishing scene is booming The best Hamptons wellness memberships for spas and fitness in 2021 What to wear for a glamorous beach weekend in the Hamptons A top Cantor Fitzgerald exec and his wife are refusing to vacate their tony Hamptons rental — and they are living like a “Hoarders’’ episode while exploiting special COVID-19 rules barring eviction, according to a lawsuit and sources. Cantor’s “ultra-wealthy” Chief Administration Officer Paul Pion and his wife Stephanie shelled out $10,000 a month for the past two years to rent the $5 million property in exclusive Water Mill, according to papers filed in Suffolk County Supreme Court. But the couple’s lease expired May 31, and the Long Island home’s owner found a new buyer set to close on the deal Tuesday — yet the Pions refuse to vacate the premises, the document says. “They aren’t leaving, and it looks like an episode of ‘Hoarders,’ ” said a source familiar with the situation, referring to...
    MRS Hinch-esque muted grey walls and crushed grey velvet sofas are Tash McBrinn’s ‘worst nightmare’, she says.  ‘It sounds like utter hell. When I heard Laurence Llewelyn Bowen say they reminded him of an ‘80s bank I smiled because he’s not wrong - they're dull, drab and boring... the opposite of my house.’ 8Tash is mum to Anthony, 13, and Franklyn, five monthsCredit: Supplied Tash, 29, a council worker from Lancashire, owns what might be the UK’s brightest house - and during lockdown it has only got brighter with her making it her pandemic project to complete her final rooms in her ‘maximalist’ style.  But bizarrely she doesn’t even own the home - insteading renting it for £400 a month from a family friend who she swears isn’t fussed that she’s turned into something which would put many buyers off (and give others migraines). ‘He doesn’t mind,’ she says. ‘I always pay the rent on time and have been here for 12 years. He just says,...
    Megan Fox and Machine Gun Kelly are shacking up in an Airbnb rental, estimated at $30,000 per month, in Los Angeles’ upscale Sherman Oaks neighborhood, The Post can reveal.  The affectionate, PDA-heavy couple, who have been dating since last summer, have been staying in a five-bedroom, five-bathroom abode spanning over 5,300 square feet. LAMAR ODOM KNOCKS OUT AARON CARTER IN CELEBRITY BOXING MATCH Newly constructed in April, sources tell The Post the couple moved into the rental just last month.  Amenities include a pool, spa, basketball court, an open deck and a terrace from the main suite of the residence.  There is also a second family home in the back of the main residence, which is separately up for rent. Other features of the home include a two-car garage, a 26-foot entryway with Baja shelves installed throughout the home and a chef’s kitchen.  CLICK HERE TO GET THE FOX NEWS APP Fox, 35, and MGK, 31, born Colson Baker, reportedly rented the home in an off-market transaction, according to sources.  On Sunday, the two were spotted at the highly publicized Logan Paul-Floyd...
    More On: keeping up with the kardashians ‘KUWTK’ producer reveals which Kardashian didn’t like filming Hard to keep up: How the Kardashians, Jenners have changed over the years Inside Kourtney Kardashian’s new $12M Palm Springs house Inside Kendall Jenner’s former LA home, now asking $8.5M It’s the end of an era for the Kardashian clan as the final episode of “Keeping Up with the Kardashians” airs Thursday night after twenty seasons and nearly 15 years on the air.  And the famous family is ending the series far from their homebase in Calabasas, Calif. The episode shows the Kardashian-Jenner sisters vacationing at a chalet-style property at Lake Tahoe for a winter getaway, playing in the snow, competing in a scavenger hunt and doing a sentimental Secret Santa with their children.  Known as the Gunbarrel Lodge, the 17-bedroom and 18-bathroom estate is a celeb-filled residence, having previously hosted ABC’s “The Bachelor” and the “Real Housewives of Beverly Hills,” among other shows.  Spanning a massive 16,500 square feet, the property sits on over 15 acres with panoramic lake views and snow-capped mountain views and is...
    KEEPING Up With The Kardashians is finally coming to an end after 14 years of showing fans what really goes on behind the closed doors of the megastars' stupidly stunning houses. As the KUWTK finale goes out today, here's a look inside the Kardashian-Jenner property empire covering some of the most exclusive neighbourhoods in America. ???? Read our Kardashian live blog for the latest updates Keeping Up With The Kardashians is coming to a close tonight after 20 series on the air 27The stars filmed most of the final episodes in this incredible $120million Malibu mansionCredit: Realtor.com The majority of the final series of the family's reality show wasn't actually filmed in any of the stars' mega-houses. Instead, they chose to rent out a whopping $120million seven-bed mansion (£85m) in Malibu's Paradise Cove for the summer. The monster property is reportedly owned by socialite Diana Jenkins, a friend of Kim's who allowed the Kardashian-Jenner family to stay in her home while she...
    DALLAS (CBSDFW.COM) – A Dallas-area landmark since the late 1800s, St. Matthew’s Cathedral on Ross and Garrett Avenue is getting a facelift. St. Matthew’s Cathedral, is an Episcopal cathedral church located at 5100 Ross Avenue in Dallas. (credit: CBS 11 News) “We want to be able to offer our home and open it to others so they can find a place and a home in old East Dallas where they can be known and where they could be celebrated and we are lots of life can happen,” said Robert Price, dean of St. Matthew’s Cathedral, said. READ MORE: Horseshoe Bend Area Under Voluntary Evacuation After 3rd Gate Opened At Possum Kingdom Lake A 384-unit apartment complex is a part of the $60 million project. It’s one of many changes expected to take place in 2023. There will be a beautiful green space that the cathedral will be building and maintaining along with a daycare. READ MORE: Little Elm Mayor-Elect Curtis Cornelious Hopes Historic Victory Inspires Youth   MORE NEWS: Border Patrol Agents Seize More Than 600 Pounds Of Marijuana Near Rio...