Tag: Real Estate and Housing (Residential)

In New York, the Trump Brand Is Costing Some Condo Owners

In the world of real estate, Donald J. Trump’s name has long been synonymous with luxury. At one of his buildings in Manhattan, a five-story waterfall slides down a wall of Breccia Perniche marble. White-gloved doormen, cascading chandeliers and panoramic views of the city’s skyline are the hallmarks of another. It’s that image of luxury, […]

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Hudson Valley Towns Have a Big City Problem: The Rent Is Way Too High

It had become unbearable for Troy Mongillo and his girlfriend, Amanda Pabon, to spend time at home. The construction noise was constant, utilities were frequently shut off, and the insulation beneath their apartment was removed just before winter as the new owners of their building in Beacon, N.Y., renovated the vacant retail space downstairs into […]

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The Great Compression

Robert Lanter lives in a 600-square-foot house that can be traversed in five seconds and vacuumed from a single outlet. He doesn’t have a coffee table in the living room because it would obstruct the front door. When relatives come to visit, Mr. Lanter says jokingly, but only partly, they have to tour one at […]

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A Mortgage After 65: A ‘No Brainer’ or a Big Risk?

Conventional wisdom dictates that retiring with debt — especially a debt as large and significant as a mortgage — is financially dicey at best and potentially ruinous at worst. That’s not how Brian Lindmeier sees it. “It just doesn’t make any sense at all to pay off the house,” he said. Mr. Lindmeier, 80, a […]

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The New School Lists Its Greenwich Village Townhouse for $20 Million

The New School’s Greenwich Village townhouse, an elegant 19th-century brick building that has served as a residence for university presidents and a venue for school functions for the last four decades, is now on the market. The asking price is $20 million, according to the listing brokers, Nikki Field and Mara Flash Blum of Sotheby’s […]

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The New School Faces Budget Troubles So It Is Selling Its Presidential Residence

The president of the New School in Manhattan is about to lose an extraordinary perk: a five-story West Village townhouse that for decades has served as the university head’s official residence. The school, which projected a $52 million budget shortfall for the 2024 fiscal year, is asking $20 million for the home as it seeks […]

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Mayor Adams Is Sued Over Failure to Comply With New Housing Laws

The Legal Aid Society sued Mayor Eric Adams on Wednesday for not complying with new laws meant to address rising homelessness and the influx of tens of thousands of migrants. In the coming days, the City Council is expected to join the society, after voting last week to authorize a lawsuit. The move comes as […]

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Student Housing Has a New Mantra: Bigger Is Better

When the Standard, an off-campus student housing complex, opened in the fall in Bloomington, Ind., welcoming its first batch of residents, it had a decidedly resort vibe. Along with the requisite pool and fitness centers, it enticed students with two pickleball courts, a dog park and a motion sports simulator. The complex even used a […]

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Two NYC Politicians Are Forming an Anti-NIMBY ‘Housing League’

A housing crisis threatens New York City? A pair of politicians believe they have an answer: a new “league” of officials like themselves who want to welcome development, including development of market-rate apartments. The two officials, Antonio Reynoso, the Brooklyn borough president, and City Councilman Erik Bottcher of Manhattan, started the group to counter the […]

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This Real Estate Kingpin Maps Out the Path to Megadeals

The best view of New York City might just be in a near-windowless conference room on the 12th floor of a Midtown Manhattan office building. Splayed across 10 folding tables, a map pieced together with paper, tape and sticky notes details every block and parcel — 27,649 properties — in Manhattan below 96th Street on […]

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Hunting for a NY Apartment? Renters Might Need $10,000 on Hand

Hannah Brooks needed a new apartment and she was running out of time. It was last July — peak moving season — and Ms. Brooks, 29, had to move to New York City from Austin, Texas, before her boyfriend started a new job. Two applications were rejected. So when she found a promising place one […]

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A Tiny, Eco-Friendly House Off the Coast of Maine

This is the story of two athletic people who formed an attachment while cycling and made a home together near the coast of Maine. They built a small, energy-efficient house northwest of Camden that is comfortable throughout the year: in frigid season, sopping season, insect season. It’s got it. This is also the story of […]

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Can a New Law Force Airbnb Hosts to Become Landlords?

If you were planning a trip to New York City for Presidents’ Day weekend and logged onto Airbnb Wednesday morning, the first two listings to turn up might have vexed you. One was for a hotel room on Park Avenue South, and the second was for a townhouse apartment in Jersey City, advertised for its […]

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NYC’s Housing Crunch Is the Worst It’s Been in More Than 50 Years

New York City’s housing crunch is the worst it has been in more than 50 years. The portion of rentals that were vacant and available dropped to a startling 1.4 percent in 2023, according to city data released on Thursday. It was the lowest vacancy rate since 1968 and shows just how drastically home construction […]

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Is the Middle-Class Dream Over in Las Vegas?

To many Americans, Las Vegas is a burst of glittering hotels and seedy wedding chapels, a mirage-like city rising improbably from the Mojave Desert. The Americans who live in Las Vegas know the city as a destination for the middle class: Valets and cocktail waitresses become homeowners. Immigrants who arrive with empty pockets build thriving […]

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How One Couple Modernized Their 19th-Century Salem Home

Julia Lippman and Mathew Eapen love antique homes, but they’re not typical old-house enthusiasts — or purists when it comes to decorating. “I love old houses, the quirks and the tall ceilings,” Ms. Lippman, 37, said. But “I did not want a house full of really big, dark antiques.” The couple, who are both lawyers, […]

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How Nevada Is Pushing to Generate Jobs Beyond the Casinos

Before the pandemic brought everyday life to a halt, Joe Kiele supported himself through the industry that dominates Nevada’s economy. He waited tables at a steakhouse inside a casino in Reno. Four years later, Mr. Kiele, 49, remains in Reno, yet he now spends his workday inside a factory. In place of worrying about the […]

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Why Are Americans Wary While the Economy Is Healthy? Look at Nevada.

Toni Irizarry recognizes that the economy has improved. Compared with the first wave of the pandemic, when Las Vegas went dark, and joblessness soared to levels not seen since the Great Depression, these are days of relative normalcy. Ms. Irizarry, 64, oversees a cafe at the Orleans Hotel and Casino, a property just off the […]

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On Nantucket, a Legal Maneuver to Protect Historic Homes From Gutting

On an island where the average home sale topped $4 million last year, Ginger Andrews’s scallop shanty is a golden ticket. If she had any inclination, Ms. Andrews, a fourth-generation resident of Nantucket, could sell the waterfront structure next week for a life-changing amount of money. The prospect is intoxicating — at least to some […]

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A Rivington Street Tenant’s Secret Would Change His Neighbors Lives

The drag queens who once paraded through the hallways are long gone. The rundown walk-up on the Lower East Side’s Rivington Street was a refuge that offered freedom and acceptance, though it was rife with burglaries and drugs — and no shortage of mischief, when Pierson Tyler-Leonard moved in some 35 years ago. He fit […]

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After China Evergrande, Real Estate Crisis ‘Has Not Touched Bottom’

The unwavering belief of Chinese home buyers that real estate was a can’t-lose investment propelled the country’s property sector to become the backbone of its economy. But over the last two years, as firms crumbled under the weight of massive debts and sales of new homes plunged, Chinese consumers have demonstrated an equally unshakable belief: […]

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China Evergrande Must Be Liquidated, a Judge Said. What Happens Next?

After nearly two years of false starts, last-ditch proposals and pleas for more time, China Evergrande, a massive property company, has been ordered to dismantle itself. It’s a big moment. Evergrande’s collapse in 2021 sent China’s housing market into a tailspin. The worries in real estate, where most households put their savings, helped tip the […]

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Real Estate Giant China Evergrande Will Be Liquidated

Months after China Evergrande ran out of cash and defaulted in 2021, investors around the world scooped up the property developer’s discounted I.O.U.’s, betting that the Chinese government would eventually step in to bail it out. On Monday it became clear just how misguided that bet was. After two years in limbo, Evergrande was ordered […]

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What Might Replace 421a, the Law That Got NYC Housing Built?

Nearly every debate about New York’s housing crisis involves a state program called “421a.” But what is it? On one level, it’s a simple idea: Give developers a property tax break to build housing in New York City that might otherwise be a drag on their bottom line. The program was first put in place […]

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What Hefei, China’s EV City, Says About the State of the Economy

Ultramodern factories churn out electric cars and solar panels in Hefei, an industrial center in the heart of central China. Broad avenues link office towers and landscaped parks. Subway lines open at a brisk pace. Yet at Hefei’s market for construction materials, which fills 10 city blocks, local merchants are gloomy. Wu Junlin, a vendor […]

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More Tenants Can Now Add Rent Payments to Their Credit Score

About a third of American households rent, yet in most cases their credit score doesn’t reflect their on-time payments. That’s beginning to change. Renters can increasingly choose to have their timely monthly payments reported to the credit bureaus, with the goal of improving their credit profile to qualify for loans. A bevy of third-party services […]

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Amid a Housing Crunch, Religious Groups Unlock Land to Build Homes

Emma Budway, a 26-year-old autistic woman who is mostly nonverbal, had been living with her parents in Arlington, Va. She longed for her own place, but because she earned little income, she could not afford to move out. So when the opportunity came to move into a two-bedroom apartment in December 2019, she jumped at […]

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Eric Adams, in State of the City Speech, Says NYC Is ‘Back From the Brink’

After facing mounting challenges in his second year in office, Mayor Eric Adams on Wednesday used his third State of the City address to deliver a rah-rah overview of his tenure, highlighting improvements in public safety and jobs while playing down the migrant crisis that has overwhelmed New York City’s shelter system. Mr. Adams contended […]

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In Australia, a Revamped Victorian With a Moody Modernist Vibe

Ariane and Andrew Vincent’s former home in Melbourne, Australia, was the kind of place people dream about: a three-story house near the beach with views of Port Phillip Bay. But after years of climbing all those stairs — and chasing three growing children (now 18 to 23) among floors — “we were ready to live […]

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