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According to the New Jersey Association of Realtors, the median price for a home sold in the state ballooned from $332,500 in January 2020 to $515,000 less than four years later.
Money would go to homeowners looking to build accessory dwelling units, such as an apartment in the basement or yard or over the garage.
A basement apartment is an apartment located below street level, underneath another structure—usually an apartment building, but possibly a house or a business. Cities in North America are beginning to recognize these units as a vital source of housing in urban areas and legally define them as an accessory dwelling unit or "ADU".
Rent Control: Regulation and the Housing Market. Center for Urban Policy Research, ISBN 0-88285-159-4. McDonough, Cristina (2007). "Rent Control and Rent Stabilization as Forms of Regulatory and Physical Taking." Boston College Environmental Affairs Law Review, Vol. 34 pp. 361–85. Niebanck, Paul L., editor (1986). The Rent Control Debate.
During the summer, the Parker House offers season-long room rentals, and is operated as a bar and restaurant. [16] There are bars on the main floor, the Parker House's back porch and in the facility's basement; the black-and-white-tiled main floor has capacity to hold up to 334 standing patrons, the outdoor back porch has capacity to hold up to 141, and the hardwood-floored basement of the ...
In 2016, The Guardian reported that the average SRO rents in San Francisco's Chinatown are increasing from $610 in 2013, to $970 in 2015 (the average rent for all rental housing was $3,907). [40] The increase in SRO rents is due to the shift away from renting to Chinese immigrants towards "college graduates, single adults and white people". [ 40 ]
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