Despite the continuous boom in the American economy, families across metro cities in the US are struggling to afford their homes. Rental rates have far outpaced the household incomes of many, especially among the lower- and- middle- income renter households. Such lopsided economic growth and income distribution has resulted in high rates of the cost burden, forcing many to cut back on expenses in other vital areas, with a spending of more than 30 percent of their incomes on rent. According to the 2018 Cost burden Report by Apartment List, the share of cost-burdened renters fell slightly from 49.7 percent in 2016 to 49.5 percent in 2017, wherein the cost burden rate is the lowest since 2007. However, it is important to note that this decline is due to the upsurge of high-income households in the rental market. Affordability still remains far out of reach for many who do not belong to the dominant lobby of high- income earners. The report reveals that while some trends are reflective of genuine improvements such as the narrowing gap between incomes and rent rates, others are merely compositional changes that do not paint the most accurate picture. For instance, the report found that while the number of renter households earning less than $35,000 witnessed a decrease from 20.5 million in 2007 to 19.7 million in 2017, there has also been a steady increase in the share of cost-burdened households from 76.6 percent in 2007 to 83.2 percent in 2017. The issue is further exacerbated in the wake of limited impact of political initiatives to provide rent relief to working families struggling to pay their bills. Out of the housing-related bills introduced in the current 115th Congress, just 22 percent is centered on renters, none of which have been passed into law. The report also highlights the bleak image of renters in 20 of the 25 metros, who are cost-burdened by median rent. Miami has the highest cost-burden rate with 62.7 percent, the highest of the nation’s 100 largest metros. Other cities where median rents are far higher than incomes include Philadelphia, San Diego, Los Angeles, Boston, Orlando, and New York, to name a few. Florida is the state with the highest cost burden rate at 56.4 percent. Elucidating on this further, Chris Salviati, Apartment List’s housing economist stated, “There are only five metros — Dallas, Minneapolis, Charlotte, St. Louis and Houston — where the average renter can comfortably afford the median rent.” The report confirms that rental housing affordability affects not just low-income households, but also millions in the middle-class.Formulating policies around inclusion, creating more awareness around the issue, and addressing the underlying causes of drastic shifts in affordability over the years is necessary in order to bring about substantial changes. While there is progressive development in some areas since 2014, the ground reality is that millions are still constrained in their housing choices on account of declining affordability, and often face evictions. Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: Affordability Apartment List Households HOUSING Rent Rental October 29, 2018 1,773 Views About Author: Donna Joseph Affordability Apartment List Households HOUSING Rent Rental 2018-10-29 Radhika Ojha Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Home / Daily Dose / To Rent or Not to Rent, That Is the Question To Rent or Not to Rent, That Is the Question Related Articles Subscribe Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days ago Share Save Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago Donna Joseph is a Dallas-based writer who covers technology, HR best practices, and a mix of lifestyle topics. She is a seasoned PR professional with an extensive background in content creation and corporate communications. Joseph holds a B.A. in Sociology and M.A. in Mass Communication, both from the University of Bangalore, India. She is currently working on two books, both dealing with women-centric issues prevalent in oppressive as well as progressive societies. She can be reached at [email protected] Servicers Navigate the Post-Pandemic World 2 days ago Previous: A Bridge Too Far to Cross Next: Good News, Bad News – Replacing LIBOR in Daily Dose, Featured, Market Studies, News Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily
Full Name* Governor Andrew Cuomo (Getty)After weeks of turmoil and rising Covid-19 cases, Gov. Andrew Cuomo announced today that indoor dining will once again shut down across New York City starting Monday.Cuomo previously announced that he was contemplating the decision due to rising hospitalization rates. The number of people hospitalized for Covid-19 increased to 5,321 as of Dec. 10, a huge jump from 1,540 hospitalizations one month earlier.“We have said from day one that for us this is a constant calibration,” Cuomo said during a Friday press conference. “We want as much economic activity as possible.”Indoor dining will close in New York City starting Monday.Hospitalizations have not stabilized, and with a rising infection rate and NYC’s density, this means that indoor dining is too high of a risk.Takeout, delivery and outdoor dining will continue.— Andrew Cuomo (@NYGovCuomo) December 11, 2020Restaurants in the city began offering indoor dining again on Sept. 30, after largely closing down in the spring. Under the new restrictions, they will still be able to offer takeout and delivery. Outdoor dining won’t be affected for now.Cuomo also released a breakdown of where positive coronavirus cases are originating. Seventy-four percent of cases were driven by household gatherings — which are currently limited to 10 people or less — while 1.43 percent came from restaurants and bars and .61 percent originated from stores.Gyms and salons, however, can still operate in orange zones at 25 percent capacity. The move comes as data shows that gyms result in only .06 percent of cases.Mayor Bill de Blasio expressed support for Cuomo’s decision in a Tweet, calling the closures “painful,” but noting that “we can’t allow this virus to reassert itself in our city.”Pressure has been mounting on the Governor to make such a move ever since schools were shut down in November, though schools have since partially reopened. In a statement released earlier this week, four elected officials called on Cuomo to end indoor dining and close nonessential offices.The move is a crushing blow to restaurants who have been struggling to survive under limited capacity indoors and cold weather outdoors.Even with indoor dining, a record high 88 percent of restaurants could not pay full October rent, according to a recent survey by the New York City Hospitality Alliance.The New York State Restaurant Association also found that 54 percent of New York restaurants said they would likely not survive the next six months without federal relief, compared to 37 percent of restaurants nationwide.The latter group sent a letter to Cuomo urging him to put pressure on the federal government for financial assistance for restaurants. The RESTAURANTS Act, which would provide such aid, was introduced in June, but there’s been little progress since. Congress is still hashing out a larger Covid-19 relief bill.Contact Sasha Jones Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink TagsAndrew CuomoCommercial Real EstateCoronavirusRestaurantsRetail Real Estate Email Address* Message* Share via Shortlink
4SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Comprehensive tax reform is expected to play a major part in the 114th Congress, and the Credit Union National Association plans to be an active player in ensuring credit unions’ tax status is maintained. That’s what Ryan Donovan, CUNA senior vice president of legislative affairs, said in a video interview with News Now .“As we look to 2015 and 2016, credit unions need to take the tax reform discussions very seriously,” Donovan said. “We’ll be actively advocating for the credit union tax status beginning at the start of the year, through the Governmental Affairs Conference and through the course of the entire Congress. Because tax reform won’t be done until a president, whether it’s President Obama, Clinton, Cruz, Christie, you name it, signs a bill.”In the interview, Donovan mentions three recent tax reform plans from Sen. Orrin Hatch (R-Utah), incoming chair of the Senate Finance Committee; Sen. Tom Coburn (R-Okla.); and Rep. Dave Camp (R-Mich.), outgoing chair of the House Ways and Means Committee.Hatch’s plan and Camp’s plan are likely to serve as foundations for the way their respective committees might approach tax reform, Donovan said. continue reading »
A new survey has found Australians would prefer their dream home to have a Hills Hoist than a balcony. Photo: Nicki Brokken.QUEENSLANDERS chasing the Great Australian Dream in 2018 want nice views instead of a pool, a Hills Hoist rather than a balcony and prefer a pet-friendly neighbourhood to a good school catchment.A new survey by HSBC reveals the aspiration for a single-storey house and backyard is still alive and well, but spare bedrooms, bathrooms and pools are no longer a priority.The survey of 2000 people investigated attitudes to home ownership in Australia, including what people want their dream home to look like. A new survey has found Australians still want a backyard and a Hills Hoist. Picture: Evan MorganIt found the perfect home would be Scandinavian in style, with high tech amenities, a big modern kitchen, marble bathrooms, entertaining areas and walk-in wardrobes.Even the traditional shed has lost its charm, with many men now preferring the ultimate man cave with a wine fridge or cellar. A new survey has found Australians still want a single-storey house with a backyard.HSBC Australia head of mortgages Alice Del Vecchio said the recent softening in home prices nationally and historically low interest rates could make the dream home more attainable.“Our customers continue to pursue their dream homes but are less eager to keep up with the neighbours and instead more determined to create a unique residence that reflects their personalities and lifestyle,” she said. A new survey has found many men would prefer a wine cellar to a shed.More from newsParks and wildlife the new lust-haves post coronavirus16 hours agoNoosa’s best beachfront penthouse is about to hit the market16 hours agoWhen given the choice between buying in a pet-friendly area or a sought-after school catchment, two thirds of those surveyed prioritised their pets over children.Four in five people will take nice views over a pool any day and the Hills Hoist is here to stay, with 57 per cent favouring it over a balcony.Social researcher Mark McCrindle said the research showed the Great Australian Dream was still deeply embedded in the national psyche. “Our homes are more than our abodes — they express our identity, highlight our aspirations, facilitate our lifestyle and are the hub of the priorities of family and friends,” Mr McCrindle said. Social researcher Mark McCrindle.One in four people are not proud of their home, although Queenslanders had the highest level of pride compared with residents surveyed in the other states and territories.The survey found people spend an average of $582 a year on home decor and $897 annually on fittings and fixtures to personalise their homes.
But Albion’s total salaries topped the £50million mark and represented 74% of the club’s turnover. West Brom paid out £6million during the summer of 2011 to sign striker Shane Long from Reading. Club chief executive Mark Jenkins said in a statement: “The club has continued to invest in its playing squad, both in transfer fees and wages and total salaries now exceed £50million per year. “However, with careful budgeting and tight financial controls, we have managed to match our revenue to our costs and record a pre-tax profit of £1.5million.” West Brom have announced a reduced pre-tax profit of £1.5million for the financial year ending June 30 2012. The profit compared with a surplus of £9.1million for the previous 12 months. It means the club’s net debt has been reduced from £2million to just £500,000. In the first full set of accounts released by West Bromwich Albion Group Ltd since its formation in August 2010, the club also reported a record turnover of £66.7million. Press Association
The men’s handball team of B&H beat Greece with the score of 28:23 (13:10) in the first of two matches for the prequalification for the European Championships 2016 in Poland.The B&H handball players continue this season of good results, after securing a spot in the January qualifications for the World Cup 2015 in Qatar.Goalie Benjamin Burić was the best player with 15 defenses, of which 12 were in the first half. Nikola Prca had five points and Dejan Malinović and Muhamed Toromanović had four goals each.The coach of the B&H team said that the Greeks would not give up in the rematch, which will take place on 10 April in Cazin.‘’I expect a difficult match. We cannot slacken. We have to be serious. We expect great support from the fans’’, said coach Marković.(Source: Fena)
Share on: WhatsApp FUFA officials unveil new Cranes coach Desabre. PHOTO FUFA MEDIAKampala, Uganda | THE INDEPENDENT | Frenchman Sebastien Desabre started his reign as new Cranes coach by visiting the national team’s training camp for the CHAN 2018 qualifiers.Uganda appointed Desabre on Thursday as their new coach on a two-year deal to replace Milutin Sredojevic who resigned in July.“I am very happy to be in Uganda. I am more than ready to serve Uganda Cranes. My good experience in Africa will be very vital,” Desabre told the media at FUFA house.The 41-year-old Desabre, who has been coaching Egyptian league club Ismailia, was one of four names on a shortlist released by the Uganda Football Federation (FUFA) early this month to take over the vacant post. Desabre will be assisted by Ugandan Mathias Lule as assistant coach and Fred Kajoba as goalkeeping coach.The other candidates in the list formulated by a selection panel headed by Zambian football legend Kalusha Bwalya were Moses Basena, who has been serving as the team’s interim coach, Belgian Emilio Ferrera and Johnny McKinstry from Northern Ireland.Desabre, who has vast knowledge in African club football, but has never coached a national team, is due to start his new role when he leads Uganda to the fifth African Nations Championships (CHAN) finals starting in Morocco on January 12.Uganda are drawn in Pool B alongside Zambia, Ivory Coast and Namibia.A day earlier, he resigned as coach of Egyptian Premier League side Ismaily, an indication that he was going to be unveiled as Uganda Cranes new head coach .The unveiling ceremony was conducted by the FUFA Chief Executive Officer (CEO), Edgar Watson, flanked by the FUFA Executive Committee Member Hamid Juma, who represented the FUFA President Eng. Moses Magogo (away on official duties) and Ronnie Kalema (FUFA Executive Committee member), FUFA Delegates and staff.Watson warmly welcomed the new coach to Uganda, saying “government was fully involved in the entire process. Desabre will supervise all the national development teams (U-23, U-20 and U-17) because FUFA’s philosophy is to build football from the grass-roots.”Desabre has previously been at Recreativo do Libolo in Angola, Esperance in Tunisia, Asec in Ivory Coast and Wydad in Morocco, which he left in January 2017.Former Cranes coach Micho and his then assistant Moses Basena. PHOTO FUFA MEDIASelection processBasena has been in charge of the Cranes in CHAN and World Cup qualifiers, including a stunning 1-0 win over Egypt, while McKinstry was in charge of Rwanda until last year.This final short list of coaches was sieved by a five-man technical team headed by former Zambia FA boss Kalusha Bwalya. Meanwhile, FUFA has applauded Basena for his efforts during the period he has served as Interim coach of Uganda Cranes. Desabre is reported to be on a flight to Kampala for the FUFA presser.He has now been selected by FUFA for a Special Coaching Development Programme in the United States of America next year. He is the first to benefit from this programme.In a statement, FUFA said it appreciates Basena’s achievements with Development and results registered during the CECAFA Senior Challenge Cup, qualifiers for the CHAN and 2018 FIFA World cup Russia.“FUFA Introduced the Long Term coaching programme as a way towards developing coaches for further educational progammes with an aim of improving the technical expertise of our coaches actively involved in the League,” the statement said.Tweets about Desabre The panel also had Edgar Watson (FUFA Chief Executive Officer), Asuman Lubowa (FUFA Technical Director), Stone Kyambadde (Technical Committee chairperson) and Dr. Bernard Patrick Ogwel (National Council of Sports)FUFA and the Government have discussed remuneration of the new coach, according to FUFA CEO Watson, but he did not give details. Reports indicate the new coach will get $25,000 monthly.
Tags: Formby, Mens Amateur, Thomas Thurloway For full scores click hereImage copyright Leaderboard Photography Thomas Thurloway is the new English men’s amateur champion, putting on an impressive display of power and precision to beat Joe Long 6/5 in the 36-hole final at Formby Golf Club, Lancashire.Thurloway powers to victory in the English amateurThomas Thurloway is the new English men’s amateur champion, putting on an impressive display of power and precision to beat Joe Long 6/5 in the 36-hole final at Formby Golf Club, Lancashire.“This is massive, said the 20-year-old from Chartham Park in Sussex, who adds his name to a trophy which has been held by Danny Willett, Tommy Fleetwood and Paul Casey.It’s Thurloway’s second win in just over a week, following his success in the Walton Heath Trophy, where he was nine-under for 72 holes. “That was my biggest win, but this has just topped it,” he said.“I’ve been pushing and pushing and over the last few weeks I’ve given myself confidence and got into the right frame of mind to be winning – and winning on a big stage. It’s really, really nice.”Thurloway, from Chartham Park Golf Club in Sussex, is a very long hitter who capitalises on his advantage with great play into and on the greens. His skills saw him get round in eight-under par for the holes played today, while Long was probably three-under.Thurloway set out this morning with six pars and three birdies and reached the turn at four up. But Long, from Lansdown Golf Club in Gloucestershire, hit back on the inward half, winning the 11th, 13th and 16th with birdies to narrow the margin to one hole.However, Thurloway went in for lunch 2up after playing a superb approach to the 18th which hit the pin and settled within a couple of feet to set up an easy birdie.In the afternoon, the great play continued, with the 21st and 22nd halved in birdie. But it was Thurloway’s day and he pushed steadily on, making the most of his power play and his accuracy.If he did find trouble, as he did on the 26th hole where he was knee deep in brambles, he had the strength to extricate himself and then the precision to hit his third to within a couple of feet on the pin – and again he walked off with a birdie, halving the hole with Long.He hit very close to the pin on several occasion, but also holed a 25-footer for birdie on the 27th, to turn for home six up.Long won the next two holes, with his own birdie on the short 28th and taking advantage on the 29th – where Thurloway drove almost 400 yards, but missed a short putt. The Sussex man left the green telling himself “silly idiot” – and came straight back with a winning birdie on the 30th to return to 5up.He played conservatively off the tee on the 31st, avoiding the bunkers which caught Long’s drive. The policy paid off when Long’s par attempt missed and the title was conceded.Now Thurloway plans a couple of week of rest before he returns to the USA to transfer to Jacksonville University in Florida.Click here for full scores“This is massive, said the 20-year-old from Chartham Park in Sussex, who adds his name to a trophy which has been held by Danny Willett, Tommy Fleetwood and Paul Casey.It’s Thurloway’s second win in just over a week, following his success in the Walton Heath Trophy, where he was nine-under for 72 holes. “That was my biggest win, but this has just topped it,” he said.“I’ve been pushing and pushing and over the last few weeks I’ve given myself confidence and got into the right frame of mind to be winning – and winning on a big stage. It’s really, really nice.”Thurloway is a very long hitter who capitalises on his advantage with great play into and on the greens. His skills saw him get round in eight-under par for the holes played today, while Long was probably three-under.Thurloway set out this morning with six pars and three birdies and reached the turn at four up. But Long, from Lansdown Golf Club in Gloucestershire, hit back on the inward half, winning the 11th, 13th and 16th with birdies to narrow the margin to one hole.However, Thurloway went in for lunch 2up after playing a superb approach to the 18th which hit the pin and settled within a couple of feet to set up an easy birdie.In the afternoon, the great play continued, with the 21st and 22nd halved in birdie. But it was Thurloway’s day and he pushed steadily on, making the most of his power play and his accuracy.If he did find trouble, as he did on the 26th hole where he was knee deep in brambles, he had the strength to extricate himself and then the precision to hit his third to within a couple of feet on the pin – and again he walked off with a birdie, halving the hole with Long.He hit very close to the pin on several occasion, but also holed a 25-footer for birdie on the 27th, to turn for home six up.Long won the next two holes, with his own birdie on the short 28th and taking advantage on the 29th – where Thurloway drove almost 400 yards, but missed a short putt. The Sussex man left the green telling himself “silly idiot” – and came straight back with a winning birdie on the 30th to return to 5up.He played conservatively off the tee on the 31st, avoiding the bunkers which caught Long’s drive. The policy paid off when Long’s par attempt missed and the title was conceded.Now Thurloway plans a couple of week of rest before he returns to the USA to transfer to Jacksonville University in Florida. 5 Aug 2018 Thurloway powers to victory in the English amateur
“The sun’ll come out tomorrow. Bet your bottom dollar that tomorrow, there’ll be sun! Just thinkin’ about tomorrow clears away the cobwebs and the sorrow, ’til there’s none! When I’m stuck a day that’s gray and lonely. I just stick out my chin and grin and say, Oh! The sun’ll come out tomorrow. So ya gotta hang on til tomorrow come what may. Tomorrow, tomorrow, I love ya tomorrow! You’re always a day away!” (“Tomorrow” from the musical “Annie”) It is a drab and dreary Monday morning. I hope the sun comes out today.Philadelphia is the land of cream cheese and the ultimate “cheesesteaks.” I say the word “steaks” sort of tongue-in-cheekish because every steak joint in Philly will swear on their grandmothers’ tombstone that they are the best. See in Philly even when they are not the best they will swear by all that is Holy that they are. So when they finally achieve excellence in anything they will crow, crow and crow until their vocal chords explode.They have a reason to brag about their baseball team. They do not only have young guns, they have a few young cannons. The Phillies don’t have many weaknesses. They are ba….d boys on offense, defense, special teams, oops, wrong sport.The Phillies do not have to worry about hearing the skeletons of the decisions of past general managers rattling in their closet. Their management team has been on a two decade construction campaign in regards to their franchise.Meanwhile, Dave Littlefield, the past Pittsburgh Pirates general manager from their sister city from the west, literally ended up being viewed as the real Santa Claus in July.Back in Aug. of 2006 in article titled: “Admiral of the Fleet,” I sat down with Kevin McClatchy the ex-bmoc, (big man on campus) for the Pirates prior to his relinquishing the point man role for the Bucs.When I pressed him about the reign and future of then GM/VP “Dave the Terrible” who lasted until Sept. 2007, McClatchy had this to say: “The bottom line is winning and we haven’t done that yet so there is a lot of pressure. There’s a lot of pressure on me. There’s a lot of pressure on Dave. We need to have a stronger second half. I’ve been very clear this year. The first half was unacceptable. We lost 25 one run games, that means you’re in a lot of games but the truth is you still lost the games.We can’t be content with one run losses or that’s where we will continue to be. We made some trades and moved some folks out of here. You have to perform. We all understand the pressure is on us but that’s the nature of this business.”This is 2012, four years eight months since the tenure of Littlefield and the Pirates are finally seeing the light at the end of the tunnel in regards to rebuilding from their lowest minor league affiliate to the boys who daily patrol the “diamond” over at PNC Park.There must be pressure and lots of it placed upon the shoulders of the Pirates GM Neil Huntingdon as well as the Buc’s skipper Clint Hurdle in regards to the Pirates righting the ship and winning now!The season, reason and rhyme for excuses, woulda, shoulda, coulda is long past. Almost as if it were appearing on cue, the sun has come up and is blazing across the horizon. You can bet your bottom dollar that through all of the misery and pain of losing the sun will one day again shine brightly on the Pittsburgh Pirates.Just remember this; the same Steelers that we expect to annually win or contend for an NFL championship is the same team we expected to lose almost every game just 45 years ago. No one expected the sun to even rise, forget about shining on a hapless directionless franchise that seemed bent on inventing new ways to lose on a game by game basis but ya know what the same team that the world laughed at; the world now laughs with as the men of steel daily put a fresh coat of polish on six NFL Championship trophies.The day is coming. I have been accused of being, rabid, crazed and delusional in regards to my annual so-called rose colored predictions regarding the soon to be successful Pittsburgh Pirates. When I was in my early twenties I attended a church service featuring a prominent “prophet” and faith healer. After the service concluded, my father who was a devout Christian and a man of God for his entire life asked me a question. “Peanut, what did you think of the service?” I replied that “I thought it was great but one thing puzzled me. The “prophet” promised every sick person there that they were healed. How could he promise that? I asked.” Dad said, “If he bats one percent everyone wins.” That leads me to say; Pittsburgh has heard all of the lofty promises before but if the Pirates top .500 or get a wild card playoff slot in 2012 we all win.(Aubrey Bruce can be reached at: [email protected] or 412-583-6741.)
Image Courtesy: HindustanAdvertisement dffwtNBA Finals | Brooklyn Vscf29r0Wingsuit rodeo📽Sindre Exgen( IG: @_aubreyfisher @imraino ) wmh0lWould you ever consider trying this?😱gu0fhCan your students do this? 🌚p4feRoller skating! Powered by Firework The Men In Blue need four wickets to secure the series while Rahim has an uphill imposition at hand with three days of play still left.Advertisement Image Courtesy: HindustanVirat Kohli duly converted his fifty into his 27th hundred while his deputy Ajinkya Rahane scored his fourth consecutive fifty but fell soon after that.However, in stark contrast, Jadeja along with the lower order were pegged back by the Bangladesh bowling attack. Virat Kohli was dismissed after a well made 136 before choosing to declare despite a wicket remaining.Advertisement The move paid dividends as in the short spell before Tea, Ishant Sharma struck twice to send Shadman Islam and skipper Mominul Haque back in the pavilion.Wickets continued to tumble for the visitors with Umesh Yadav joining the proceedings. However, the senior-most pair of Mushfiqur Rahim and Mahmudullah struck a vital partnership. However, the all-rounder was forced to leave the field after pulling his hamstring.Advertisement Rahim continued his red hot form against India with yet another fifty. Bangladesh are 89 runs behind with three days left to play.Read Also:Virat Kohli equals Ricky Ponting’s stupendous record as captain with ton against BangladeshShane Warne bats for D/N Adelaide test when India tour Australia in 2020 Advertisement