Study: Renters’ Rise Extends Beyond Cities to the Suburbs
New York — In the American imagination, suburbs are places to buy a house and put down roots. But a growing percentage of suburbanites rent, according to a new study. About 29 percent of metropolitan-area suburbanites were renters in 2014, up from 23 percent in 2006, according to a report released Tuesday by New York University’s Furman Center real estate think tank and the bank Capital One. The finances of home ownership since the...
Living in Shipping Container One Man’s Solution to Housing
Luke Iseman has figured out how to afford the San Francisco Bay area. He lives in a shipping container. The Wharton School graduate’s 160-square-foot box has a camp stove and a shower made of old boat hulls. It’s one of 11 miniature residences inside a warehouse he leases across the Bay Bridge from the city, where his tenants share communal toilets and a sense of adventure. Legal? No, but he’s eluded code enforcers who rousted what he...
