Feeds:
Posts
Comments

Posts Tagged ‘demand’

Among the lesser-reported impacts of the Great Recession, during which time millions of Americans lost their homes to foreclosure, is the continuing surge in rental housing demand. Demand has inflated rental rates in already costly markets throughout the country. But rental price inflation is not just a problem hitting high cost of living regions in California and New York — it has hit 90 cities nationwide with no end in sight. Rental costs between 2011 and 2012, alone, increased 4 percent nationally, whereas rents in some markets during a broader period — between 2000 and 2012 — have inflated nearly 25 percent, a study by the Joint Center for Housing Studies of Harvard University reports.

High demand and short supply means one thing: higher prices. But housing isn’t merely a luxury people can forgo. Increased demand for rental housing post recession does not merely reflect the fact that mortgage lending standards are more stringent, but the reality that many Americans are still attempting to rebound from a downwardly mobile spiral. Just because rents are rising doesn’t mean renters are in a position to absorb the price hikes. To the extent rental property demand is an outgrowth of the economic meltdown and stagnant wages — in spite of job growth in more recent years — it would appear housing reform is a topic seriously overdue for national attention.

(more…)

Advertisements

Read Full Post »

I remember it well: standing in the Sharper Image store debating between a three-day Bushnell wireless weather forecaster featuring AccuWeather forecasts and an Oregon Scientific model alongside it that offered more detailed information from a competing service provider, MSN Direct. Both weather stations did something unique: They didn’t require owners to hook up outdoor sensors that generate fickle forecast icons based purely on barometric pressure as opposed to a bona fide regional weather forecast. These weather forecast alternatives, unlike the vast majority of weather gadgets on the market, receive a radio signal that automatically displays forecast data from a genuine weather service.

For a weather junkie or just about anyone who doesn’t want to watch several minutes of TV, boot up a computer or drain a battery on a smartphone merely to check the weather, having weather alerts, pollen counts, humidity and UV Index information at a single glance at no cost beyond that of the device itself seems almost too good to be true. And, in hindsight, it was too good to be true. For those of us who chose wrong, the convenience was not to last. MSN Direct, the service provider for Oregon Scientific-branded weather units, powered down its US and Canadian network of FM radio transmitters on January 1, 2012. And yet, weather watchers were not the only ones to lose. MSN Direct broadcast a variety of data including traffic information, gasoline prices, Doppler weather maps, news, stocks, local events, movie listings to a variety of devices, all of which began with the debut of Microsoft’s novel “Spot” wristwatch in 2004.

(more…)

Read Full Post »

Older Posts »