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As the partial U.S. government shutdown lingers, the impact on both renters and landlords continues to grow.
At this point, eight-hundred-thousand federal employees have gone several weeks without a paycheck, and many will have an increasingly difficult time paying rent.
“Like Americans in the private sector, many federal employees rely on each and every paycheck to cover critical expenses, including housing,” Zillow senior economist Aaron Terrazas says in this news release.
While pay for federal employees is already frozen, dollars for Section 8 housing choice vouchers could dry up by March should the stalemate continue.
Under these scenarios — and… Read More
Tagged: News
Boring community room at your apartment complex? Borrow a page from the Big Apple, where apartment lending libraries have emerged as a quiet, thoughtful amenity, according to the New York Times.
With some space, bookshelves and paperbacks, you’re on your way to adding a cheap and easy amenity to your rental property.
Check out these tips from Zillow to get started.
In an interview with The Motley Fool, Zillow CEO Spencer Rascoff says rentals will play a big role for his company in years to come.
“That’s because of the structure of the rental industry in the United States. Rental properties turn over about six times more often as for-sale properties, and there are tens of millions of rental units out there,” Rascoff says in the clip. “There’s also no clear market leader, and so we think Zillow has an opportunity there.”
Tagged: In the newsInvestment