renting.

People are living in their cars because they can no longer afford rent. L.A. advances a ban on renting RVs to homeless residents on public streets.

The Los Angeles City Council has given initial approval to an ordinance aimed at outlawing “vanlording,” the practice of leasing recreational vehicles to unhoused residents on public streets — a phenomenon long visible in Venice and increasingly across the San Fernando Valley. The measure, introduced by Councilmember Traci Park in 2023, amends city law to …

READ MORE

US home sellers are pulling listings at the fastest pace in years. More US families are renting homes because it’s much cheaper.

Weak buyer demand, weakening home prices and overall uncertainty in the economy are combining to make home sellers change their minds and step out of the market. Close to 85,000 U.S. sellers took their homes off the market in September, up 28% from September 2024 and the highest level for that month in eight years, …

READ MORE

Six figure salary or stay renting: Americans now need $114,000 a year to buy the median home, up 70% in just six years

“A homebuyer must earn $114,627 to afford the median-priced U.S. home, up 15% from a year ago and more than 50% since the start of the pandemic… That’s the highest annual income necessary to afford a home on record” https://investors.redfin.com/news-events/press-releases/detail/987/redfin-reports-that-homebuyers-must-earn-115000-to-afford “Buyers now need to earn 70% more than they did six years ago to buy …

READ MORE

Renting now 38% cheaper than buying across all major U.S. cities with record gaps in San Francisco and Seattle

The latest housing data paints a sharp divide. In 2025, renting is now significantly cheaper than buying in every major metro. Bankrate clocked the gap at 38% nationwide. That spread is the widest recorded in the past two decades. Mortgage payments on a median-priced home run $2,768 a month, including taxes and insurance. The average …

READ MORE

The cost to buy is surging far beyond renting. Income needed to buy a house now dwarfs median U.S. income, making the subprime bubble seem minor by comparison.

https://imgur.com/cost-to-buy-significantly-outpacing-cost-to-rent-now-posted-response-to-rental-price-increases-VMXMPkM Income needed to buy a house vs. median income in the US. Subprime bubble looks almost cute in this chart. Ht @nickgerli1 pic.twitter.com/zPfUf2uaDc — Michael A. Arouet (@MichaelAArouet) December 13, 2024 All one needs to know about successful investing in one sophisticated chart 👇 pic.twitter.com/mspgDVgXtJ — Michael A. Arouet (@MichaelAArouet) May 8, 2021 Over …

READ MORE

China Gains Secret Access to Nvdia Microchips by Renting Computers

by Mike Shedlock The US has blocked export of Nvdia chips to China. But where there’s profit, there’s a way. Sanctions Fail Again and Again The Wall Street Journal reports China’s AI Engineers Are Secretly Accessing Banned Nvidia Chips Chinese artificial-intelligence developers have found a way to use the most advanced American chips without bringing them …

READ MORE

Homeowners who mortgaged their homes instead of renting would have saved a whopping $289,110 in housing costs between 2000 and 2023

There’s a common belief that Americans would be in a significantly better financial position if only they could afford to buy a home. But has buying (particularly with a mortgage) and maintaining a home historically been that much cheaper than renting? If so, how much have homeowners saved on average? To answer these questions, Creditnews …

READ MORE

Tom Steyer is getting fined for renting his house without a county permit, unless the Bidens did not actually pay rent.

via thenevadaglobe: The Globe received a scoop this morning that a complaint was filed by a Douglas County resident with the Vacation Home Rental (VHR) Advisory Board against billionaire climate investor Tom Steyer, owner of the Glenbrook mansion that the First Family is renting while on a nine-day vacation in Lake Tahoe. The complaint reportedly cites that …

READ MORE

Uh-oh! It looks like you're using an ad blocker.

Our website relies on ads and the generous support of readers like you to keep delivering free, high-quality content. Right now, we are facing serious funding challenges and we need your help more than ever. Disable your ad blocker and this message will vanish. You can also sign up for a membership to enjoy an ad-free experience while supporting our work: https://citizenwatchreport.com/plans/subscriptions/ Your support helps us stay independent, continue our work, and keep content free for everyone. We truly appreciate your understanding and thank you for standing with us.