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 […]
California real estate developer Nile Niami is spec building a home with a $500 million price tag that, when finished, will allow the lucky buyer to actually claim the title of ‘Prince of Bel Air’! Spec building, for those who may be unfamiliar with the term, entails building a home with no buyer in mind hoping […]
Follow @Hallmark Abstract Service Also at the Hallmark Abstract Service blog in time for the NBA playoffs: ‘NBA Chart: Playoff/Regular Season ticket price comparison!‘ And in some locations the percentage of household income going to paying rent can be close to 50%! On an historical basis the median household has typically spent in the range […]
Over this past weekend in Los Angeles the foundation of the soon-to-be constructed Wilshire Grand Hotel set a Guinness Book of World Records mark for the longest continuous concrete pour in history! ‘More than 80 million pounds of concrete were poured for 18 hours in downtown Los Angeles this weekend as the Wilshire Grand Center […]
The answer, as in any question, will vary depending on what is actually being asked! When it comes to the question of the exorbitant cost of renting an apartment, New York City would certainly come to mind in any conversation concerning where housing costs are going to be the most expensive. For example, each week […]
