Apartment Choice

By Sarah Butrymowicz and Meredith Kolodner Alduha Leon and Jared Sanders, roommates at Savannah State University , dined on hot dogs in their apartment on Thanksgiving Day of their sophomore year. They had decided to skip feasting with family in Atlanta to pick up extra hours at their airport jobs loading luggage onto planes. Payday wasn’t until Friday, though, and Leon only had $5 left on his food stamps card . During the three years they spent at Savannah State , Sanders and Leon struggled to pay their tuition, fees and living expenses. They accumulated more than $50,000 in loans between the two of them, despite working up to 40 hours a week. After exhausting themselves working late or overnight shifts so they wouldn’t have to miss class, and finding their grades suffering, they dropped out in 2015, joining a growing pool of Georgians who have debt but no degree. More than 108,000 students who had taken out federal loans withdrew from Georgia’s public colleges and universities bet...

Buy Photo The Ann Arbor City Apartments in Ann Arbor. Ann Arbor is seeing a building boom of apartments and condos for the last couple of years that continues to ramp up. (Photo: Romain Blanquart/ Detroit Free Press ) Buy Photo An unprecedented building boom of apartment high -rises and condos has made construction cranes a lingering fixture of the Ann Arbor skyline . No fewer than six cranes hovered over downtown last week as private developers raced to erect more luxury student and post-collegiate housing within walking distance to University of Michigan classrooms. The half- dozen residential projects that are under construction or slated to begin are the latest round in a boom that has been under way for at least three years and is permanently altering the city's housing situation. Many of the current and earlier developments specifically cater to U-M students, offering additional near- campus living options aside from blocks of grubby old houses. Other projects have ta...

SINGAPORE (Aug 22): Getting your rental yield right goes a long way. Today’s average rental yield for condominiums and apartments is the lowest in a decade, at about 3.2%. Low interest rates , subdued job market and large supply of housing are possible reasons. In our analysis, we have identified eight private residential properties with the highest rental yields in the high- end condo segment comprising districts 9 , 10, 11, Downtown Core and Sentosa. Only properties with at least five sales and five rental transactions over the last 12 months were considered in our analysis. 1) Lumiere Property type: Apartment Rental yield: 5.0% Average rent PSF: S$6.0 Tenure: 99 years from 2006 District/ Planning Area: D2 - Downtown Core Located at Mistri Road, the 45-storey Lumiere is a three-minute walk to Tanjong Pagar MRT station . It was completed in 2010 and has 168 units. It is a stone’s throw away from International Plaza and Icon Village, and less than 10 minutes’ walk to Tanjong Pagar...

August 24, 2017 Millennials are creating their own definition of financial success . | Jonathan Nackstrand/AFP/Getty Images Facebook knows how you feel about money. The company has been listening in on young people ’s online conversations, as well as analyzing audience data and conducting surveys, in order to learn more about how users between the ages of 21 and 34 think about financial matters. What it discovered is likely to surprise some people, though probably not millennials themselves. “Millennials are misunderstood — famous for their impulse for instant gratification. But when we stop to observe their financial behaviors and listen to them describe their relationship with money in their own words, a new millennial emerges,” according to the report, Millennials and Money: The Unfiltered Journey. ")}; Once you brush aside the stereotype of the lazy and entitled millennial, a picture of a financially responsible generation comes into focus. Millennials want to pay down debt...

AMHERST — A large apartment complex proposed for Route 9 at the Amherst- Hadley town line continues to move through the permitting processes in both communities, even as some residents express worry about the size of the project and how it could impact their neighborhood. Amherst Planning Director Christine Brestrup said people have raised several issues with the 131- apartment Aspen Heights residential community in both written comments and orally at a Zoning Board of Appeals hearing earlier this month. One of the most prominent concerns, Brestrup said, is whether people who live at the proposed complex , to be built at 408 Northampton Road, will drive through the Greenleaves Retirement Community and Windfield Family and Senior Estates. Because Northampton Road is a divided highway, those living at Aspen Heights will have to exit the complex by taking a right, heading east, Brestrup said. To travel west toward the shopping malls, the roads through Greenleaves and Windfield migh...

PHOENIX, AZ - Colliers International in Greater Phoenix negotiated the sale of The Park at Deer Valley apartments at 17425 N. 19th Ave., in Phoenix, for $33 million or $75,688 per unit. Executive Vice Presidents Bill Hahn , Jeff Sherman and Trevor Koskovich with Colliers’ Phoenix office represented both the buyer and seller. The seller was Bruckal Properties, Inc., of Kelowna, British Columbia, Canada. The buyer was a private investor, Billah Khan of Phoenix. Financing was arranged through Walker & Dunlop in Phoenix.Khan added The Park at Deer Valley to his portfolio of Phoenix-area assets, which includes Acacia Pointe in Glendale and Marble Creek in Phoenix. Plans call for continuing interior and exterior upgrades started by the seller, who completed more than $3 million in renovations. “This transaction is a prime example of how the combination of off-shore equity and low interest rates create strong financial returns for the buyer,” said Hahn. “Returns will continue to gro...

The   Insider Picks   team writes about stuff we think you'll like. Business Insider has affiliate partnerships, so we get a share of the revenue from your purchase. Room Essentials/target/ Business Insider The Insider Pick: Futons are versatile space-saving pieces of furniture that double as a couch and a bed. If your dorm room or first apartment has limited space, adding a futon is an easy way to add seating and a sleeping space for guests. We've rounded up five great futons for less than $600. The Hudson Futon is our top pick because it works equally well as a pull-out bed and a couch.  Dorm rooms and small apartments are the perfect spots for a futon. After all, living spaces for college students are typically very small, so having a two-in-one piece of furniture is extremely beneficial. Plus, the dorm room with the futon is the one where people hang out. A futon may be perfect if your student is a little shy and nervous about heading off to school. Conversely, if your stu...