Posted in Economics & Globalization, tagged affordable housing, American Dream, assets, bailout, banks, bill, bubble, city, community, competitive, consumer spending, cost of living, crisis, demand, dependants, destabilize, Economics & Globalization, entitlements, expense, family, Federal, food stamps, gouging, Great Recession, healthcare, home loans, home ownership, household, housing, housing crisis, income level, inflation, investment, investment groups, landlord, legislators, losses, market, median, metro, minimum wage, mortgage, neighborhood, overpriced, own, pay, percentage, percentage of income, property management, property owners, rates, real estate, recession, Reform, rent, rent control, rent stabilization, rental bonds, rentals, renters, rentership society, residents, retirement, rising, safety nets, savings, security, shortage, skyrocket, social programs, state, study, supply, taxpayer, tenant, trends, underfunding, unemployment, welfare on November 7, 2014|
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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.
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Posted in Economics & Globalization, tagged ad, advice, agency, applicant, candidate, career, career coach, company, do, Economics & Globalization, email, employers market, employment, guide, hiring manager, hiring practices, history, HR, human resources, interview, job boards, job descriptions, job search, manager, opening, organization, pay, personnel, phone, post, recession, recruiter, salary, screening, social networking, staffing, vacancy on July 2, 2011|
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Job hunting in a down economy can feel like running a marathon in the dark. How do you market yourself for optimal impact? What’s gimmicky vs. eye-catching? After completing the application and/or the interview, do you call or not?
The typical career-seeker guide emphasizes custom cover letters, asking a friend to help proofread your resume and networking both online and off to keep your word-of-mouth employment prospects fresh. But what should you do once you begin to receive those initial nibbles from a prospective employer or personnel agency?
In two words: Get savvy. (more…)
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