Apartment Choice

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...

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...

Portland Mayor Ted Wheeler promised during his 2016 campaign that he would tackle the city's affordable housing crisis if elected. His second day in office, he took over the housing bureau , putting himself in charge of its big decisions on top of his already ambitious workload. But eight months into his term, the mayor has little to show for it. No groundbreakings. A single deal to bring an affordable apartment complex to Northeast Portland . A key policy position on his staff vacant five months after his housing expert quit . He has yet to tell developers what the city will fund if they work to put roofs over needy Portlanders' heads. Wheeler's insistence on painstaking public involvement and the lack of housing expertise on his staff have hampered progress on what he said was an urgent priority. The mayor has also made no decisions about how the city should spend the largest pool of money ever available to address Portland's affordable housing shortage . Wheeler ...

The struggles of the impoverished are well documented. But how about the unique pain and struggle associated with being wealthy in New York City? In her research for “ Uneasy Street : The Anxieties of Affluence” ( Princeton University Press , out Sept. 5), Rachel Sherman interviewed 50 New York-area parents of young children, whose household incomes ranged from $250,000 to $10 million and with assets totaling up to $50 million. These locals live pampered lives — with multiple high-end properties, teams of household employees and frequent, lavish vacations — but still, they do impressive mental gymnastics to avoid identifying themselves as truly rich. For instance: Helen, a stay-at-home mom with an annual family income of $2 million, describes herself as “in the middle, in the sense that there are so many people with so much money. They have private planes. They have drivers. They have all these things.” This kind of creative (and self-serving) logic is prevalent among Sherman’s su...

Among the filthy rich billionaires who gave money to the CAA, but lost in the battle against rent control in Richmond and Mountain View includes Berkshire Hathaway Home Services owned by Warren Buffet, Equity Residential owned by Sam Zell, and Prometheus Real Estate Group owned by Jackie Diller Salfier and the Diller family. California Apartment Association suspends legal challenges against Richmond rent control California Apartment Association suspends legal challenges against rent control in Richmond and Mountain View By Lynda Carson - May 6, 2017 On May 5, 2017, the The California Apartment Association (CAA), announced that it is suspending its legal challenges in court against the City of Richmond and Mountain View, and the renter protection ordinances known as Measure L and Measure V, that were passed into law by the voters last November. After a long hard fought struggle against greedy landlords involved in price gouging and eviction for profit schemes supported by ...

Women’s soccer fans who follow only the U.S. national team might not have heard of Maddy Evans, unless they knew of her when she was growing up in the Philadelphia region . But Evans’ name is very much one worth knowing, because her story says a lot about the present and future of the sport in this country. A 26-year-old product of Abington High and Penn State, Evans retired from playing last week after a five- year pro career . Among the reasons: She couldn’t earn enough money in the job to sustain a living. Evans’ salary this season with the Orlando Pride of the National Women ’s Soccer League was set to be approximately $16,000, just above the league minimum of $15,000. In previous seasons — with the Boston Breakers from 2013 to 2015 and the Pride after that — she received half that sum or less. Players are paid only during the time of year when teams are on the field. It’s a far cry from the glamorous lives led by the globa...