This morning Brent crude hit its lowest level since 2004 while West Texas Intermediate hasn’t had spot prices this cheap since about 2003 (see chart above)! Market experts are in general citing surging levels of crude supply with no appreciable decline in that supply anywhere on the horizon as the major reason for the price drop. A popular […]
Spending over 40% of income on rent is nothing new in New York City, Los Angeles and Miami but… Those trends are taking hold in more and more metro areas around the country as well! So while rents continue on a sharp upward trajectory, it may surprise some (or not) that while the national average of monthly income […]
Typically the inflation numbers are quoted by the experts ex-food and ex-energy prices because according to them these numbers are too volatile to include! The fallacy of this argument of course is that for the majority of Americans the food and energy component is at the center of our family budgets. To be fair we […]
If you thought apartment rents in NYC were exorbitant and that what you get for your money isn’t always a gem, this apartment in London will hopefully make you feel a little bit better! Back in April we had written an article that documented some of the hardships faced by apartment renters in NYC, followed […]
