As OpenAI and Anthropic prepare to go public, tech workers making six figures are grousing that they cannot compete with the new A.I. elite. Some doubt they can afford to stay.
Category: Real Estate and Housing (Residential)
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In San Francisco’s A.I. Era, Even $180,000 Tech Salaries Are No Longer Enough
The New York Times – Business: -
Housing Package Passed by Congress Has Wide Appeal, but It’s No Quick Fix
The New York Times – Business:The first housing package in decades will take time to put into effect, testing the patience of families rankled by high prices.
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In Homeless Crisis, California ‘Is Waging a War on R.V.s’
The New York Times – Business:The R.V.s are seen as an eyesore — the most visible sign of the state’s homelessness crisis. Neighbors and politicians want them gone. The people who call them home feel under siege.
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An Option That Can Help Cut Housing Prices Catches On
The New York Times – Business:Preapproved plans trim weeks or months off the process of getting a building permit. “Every month of delay adds costs that ultimately land on the buyer,” one housing expert said.
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Mortgage Rates, Now 6.5%, Hit Highest Level Since War Began
The New York Times – Business:The average rate on a 30-year mortgage rose amid growing concerns over inflation and as the war with Iran showed no sign of ending.
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China’s Housing Slump Shows Signs of Bottoming Out. We’ve Been Here Before.
The New York Times – Business:Property prices in Shanghai, in particular, are rebounding, but the national market still faces an enormous overhang — 90 million empty or unfinished apartments.
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First-Time Home Buyers Are Staying on the Sidelines as Costs Rise
The New York Times – Business:The effects of the war in Iran have raised mortgage rates and lowered consumer confidence, making it even harder for house hunters.
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Retirees Expect Their Home to Be a Financial Safety Net. They Shouldn’t.
The New York Times – Business:Older homeowners often don’t see the value of, or can’t afford to, maintain and renovate their homes of many years. And that can mean thousands lost when they sell.
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The Return for These Investors Isn’t Money, It’s More Affordable Housing
The New York Times – Business:Local governments are trying to create housing that is permanently affordable by investing directly in construction. They are rewriting how housing programs have traditionally operated.
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A 22,000-Home Community Is Being Built in a 5,000-Person Town
The New York Times – Business:Chatham Park, a master-planned community in Pittsboro, N.C., is expected to expand the town to 60,000 people when completed.
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Congress May Finally Recognize That Mobile Homes Aren’t Really That Mobile
The New York Times – Business:An obscure federal rule requires manufactured homes to be built on a chassis, making them more costly. A bill in Congress would remove the mandate, enacted five decades ago.
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You Have Some Options for Dealing With Rising Property Taxes
The New York Times – Business:The average bill rose 3 percent last year, in part because of higher tax rates. There are ways to try to reduce what you owe, experts say.