Powerball winner Pedro Quezada is hosting a rent party — for his entire block.A close friend of the newly minted megamillionaire said Quezada promised to temporarily cover the housing costs for residents in the Passaic, N.J., neighborhood that housed his bodega.“He said he’s going to pay the rent for everybody here on this block for at least a month or two months,” the friend said Saturday outside Quezada’s Apple Deli Grocery. “He’s such a good guy.”Word of Quezada’s magnanimous gesture left several of his neighbors stunned.“God bless him, and thank you,” crowed Richard Delgado, 45, after learning of the pledge.RELATED: POWERBALL WINNER PUTS PASSAIC, N.J. BODEGA UP FOR SALEJohn Koblarz’s eyes lit up when he heard Quezada had offered to cover his neighbors’ rents.
These charts from CoStar, a real-estate research group, show average rents in theWashingtonarea for both newly constructed and existing apartment buildings. The first thing to note: New construction is always more expensive to rent. This fact is true ...more
Separately, the Labor Department said its Consumer Price Index edged up 0.1 percent last month as declining energy costs partly offset increases in food and rent. The index increased 0.3 percent in June. In the 12 months through July, it increased 2 ...more
Stephanie Keys-Elam helps her husband, Robert Elam, down the ramp in front of their studio apartment in SE Salem on Tuesday, July 29, 2014. Elam has a rare auto-immune disorder of the spinal cord known as ??transverse myelitis (mi-e-lit-is)" which has ...more
The real estate website crunched for-sale and rent prices and incomes across 35 housing markets in the U.S. It found that a family earning the median household income of $59,424 in metro Los Angeles defined as L.A. and Orange counties would need to ...more
Some Chicago condominium owners who became accidental landlords during the housing bust now may be saying, like the kid who stumbles in the hall at school, I meant to do that. Forced to hold on to condos that plunged in value during the downturn,...more