It is assumed that renters will spend 30% of their income on housing, that figure is used to calculate poverty, inflation, and government benefits. That number is increasingly becoming a fantasy. Continue reading… “What is the hourly wage you’d need to afford a 2-bedroom rental in every state?”
Renter-occupied housing market has exploded.
The population of Philadelphia shrank by a quarter between 1970 and 1990. Philadelphia’s population dropped from 1.95 to 1.59 million during that time period. Like many American cities, it seemed caught in a downward spiral.
Kandi Technologies car vending machine.
The company, Kandi Technologies is based in Hangzhou, China. They want to challenge the idea of traditional car ownership. In a country where air pollution is a serious environmental and health hazard, the company has created a giant vending machine that allows citizens to rent electric vehicles on an hourly basis. With a fleet of more than 100,000, Kandi already has plans to expand to other cities this year.
Santa wants his toys back, kids!
Many parents are choosing to rent toys this holiday season instead of dishing out big money to buy the latest and greatest playthings. In addition to potentially saving money, toy rental is a way to keep down the toy clutter.
Students can now rent e-textbooks for periods from 30 to 360 days.
E-book textbook rentals have just been introduced by Amazon just in time for the fall semester. This will allow students to save up to 80 percent on some titles. E-textbook rentals can be viewed not just on Amazon’s e-reader (and rumored Amazon tablet) but also on any device that can download the Kindle app including PCs, iOS devices, and Android phones and tablets. The rental option isn’t available for general interest e-books, just e-book versions of textbooks.
More people borrowing DVD’s from local libraries.
Why rent the cow when you can borrow the milk for free? That seems to be the mindset of many Americans, as a new study claims that more DVDs are borrowed from libraries each day than are rented via Netflix, Redbox or Blockbuster.
Chinese companies save face by hiring white men.
Mitch Moxley worked in a unique industry in China: being a white man. Apparently, it’s beneficial in the eyes of some Chinese businessmen to have white men standing around looking important. So that’s what Moxley and others have been paid to do!
Turn your parked car into a mobile cash cow.
Car owners can turn their motors from being a drain on their finances to a money-making prospect following the launch of a website which allows them to rent out their vehicle when they are not using it. WhipCar, which opened for business this week, allows motorists to register their car to rent for anything from a few hours to weeks at a time to people in their neighbourhood.
It is free to register and renting out your car has no impact on your own insurance, according to the website’s founder Vinay Gupta. He said that according to DVLA figures the UK currently has 29m registered cars on the road, and cited a report by New Scientist which said many were used for less than an hour a day!