In Case You Missed It: Week of June 25
The best cities for public transportation; U.S. apartments shrink to smallest size in a decade; 55+ renters represent growing renter demographic; and more.
Don’t like to drive, renters? The best public transit is in these cities
HousingWire – June 30, 2016
“Trulia just launched its latest addition to its rental listings toolkit, a filter that allows consumers to search based on proximity to subways or major commuter train lines.”
55+ Renters: A Tale of Growing Demand
Freddie Mac – June 28, 2016
“Much of the conversation regarding affordable rental housing tends to focus on younger households – in particular, Millennials. However recent findings from our first Freddie Mac 55+ Survey suggest that shifting housing choices by the Baby Boomers and those older may significantly exacerbate the already acute shortage of affordable housing in the years to come.”
Cost of Living Calculator Shows Just How Much Cheaper It Is to Live in Other U.S. Cities
6sqft – June 28, 2016
“The handy tool from Pay Scale uses your salary, job title, current location, and the city where you’re considering a move to show the cost of living difference, as well as how much you’ll need to earn in the new location to maintain your current standard of living.”
US Apartments Shrink to Smallest Size in a Decade
Multi-Housing News Online – June 28, 2016
“When it comes to living spaces, size doesn’t always matter. Especially for young professionals, location is a more important factor than the size of the apartment as the cohort is more concerned with proximity to jobs, restaurants and other sources of entertainment, a recent RENTCafe report found.”
NYC’s Waldorf Astoria Said to Close in ’17 for Condo Rebuild
Bloomberg – June 26, 2016
“New York’s landmark Waldorf Astoria hotel is scheduled to close in spring 2017 so owner Anbang Insurance Group Co. can begin converting most of the more than 1,400 rooms to luxury condominiums, said a person with knowledge of the plans.”
And now for something completely different…
The Merging Worlds of Technology and Cars
Bloomberg – June 28, 2016
“The line between the technology and automotive industries is blurring. The rise of rideshare companies such as Uber and Lyft means that transportation is being tied ever more closely to your cell phone, while autonomous driving technology is turning your car into a computer. But these developments are expensive: Carmakers’ R&D budgets jumped 61 percent, to $137 billion from 2010 to 2014.”