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.
If the acquisition is completed, Zillow swallows a challenger to its business, leaves consumers with one less place to browse for real estate for sale or rent, and real estate agents one fewer place to list homes for sale."I don't know that this is a ...more
The proposal also stirred up anger over the spread of overcrowded housing, situations in which families unable to cover their rent double and sometimes triple the number of occupants in apartments and large single-family residences. Critics said the studio ...more
In a story July 11 about people who are hesitant to sell their homes and give up their ultra-low mortgage rates, The Associated Press reported erroneously that a rental index compiled by real estate data provider Zillow had risen 19 percent in the past ...more
Move declined to comment on the report.If the acquisition is completed, Zillow swallows a challenger to its business, leaves consumers with one less place to browse for real estate for sale or rent, and real estate agents one fewer place to list homes ...more
They have holding power, Thomas Lam, head of valuation and consulting at the real estate service provider Knight Frank Hong Kong, said of wealthy investors. For them, the holding costs are relatively low, and they don't need the rent. They can keep ...more