Rent2Buy recently acquired HiGear, a San Francisco-based, private car-sharing club for luxury and sports autos. Collaborative consumption is growing rapidly, and we believe the combination of HiGear and Rent2Buy will create a unique platform successfully serving all areas of car sharing and buying. Take a look at the Rent2Buy site to view the additional inventory…
Car sharing as a concept in the auto industry has been gaining popularity over the past year. Out of the more than 1 billion cars in the world, approximately 250 million sit idle 93 percent of the time. It’s no wonder why startups across the globe are taking advantage of the opportunity to turn idle…
New York City’s Upper East Side, especially along Central Park, boasts the most expensive real estate in the city. According to the 2010 census, this area had the highest percentage of vacant housing units in the city this past year. The increase in vacancies has occurred despite a 3.8 percent decrease in the number of housing units during the same time period, and has caused people to question whether the census data is in fact flawed.
A recent study from the National Association of Home Builders (NAHB) shed light on the current state of the real estate market and gave projections for the future. What the study found is that as a result of the recent housing slump, people are looking for smaller houses. The report also notes the increasing importance of green and eco-friendly homes.
Trying to decide where to vacation this year? TripAdvisor.com, one of the world’s largest travel sites, just released their list of the top vacation rental hot spots for 2011. This year’s list has something for everyone, from summer beach getaway spots to areas with top-notch ski resorts.
“It hasn’t been a good six months for all people, but it was a good six months for rich people,” says Glenn Kelman, CEO of Redfin real estate brokerage. The numbers seem to back up Kelman’s assertion; despite a four-year decline in the housing market, the rich are back in the real estate game. Sales of million-dollar homes and condos rose last year in all 20 major metro areas. The average jump in high-end home sales in these areas was reportedly 18.6 percent.
Just three years ago, the median down payment for conventional mortgages in 9 major U.S. cities was at 11%. Last year, this number rose to 22%. The stiff increase in the amount of money banks require for a down payment will have a marked impact on the housing market and will undoubtedly change the behavior of those seeking homeownership.
A new project is in the works for Bjarke Ingels, 36-year-old Danish architect and head of Bjarke Ingels Group. Despite strict building codes and the historically non-creative architectural design of New York City’s apartment complexes, Ingels is setting out to construct an apartment building that will merge feasibility with sustainability and bring new life to architectural innovation in the city.
The real estate business has changed. With the development of the internet, smart phones, and the jumble of web sites and services meant to make life easier, the hard part becomes figuring out which site, service or device is worth using. So, which service should you use for file storage and sharing? It really depends on how you’ll be using it, how much you think you’ll be using it, and how much money you’re willing to shell out to get the service you desire.