Villas In Florence Thu, 23 Jun 2022 18:36:37 +0000 en-US hourly 1 Villas In Florence 32 32 Rental Trends: How COVID and Rising House Prices Driven a Market Boom and Increased Interstate Migration Thu, 23 Jun 2022 18:36:37 +0000

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The combination of skyrocketing home prices and the increase in remote working that began during the COVID-19 pandemic has given the U.S. rental market a major face-lift, as many U.S. renters pack their bags and head to cheaper markets.

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Applicants for out-of-state rental properties increased 42% from 2020 to 2021, according to a new report from TransUnion. During the same period, rental inquiries in rural areas increased by 28%, while the volume of rental inquiries in urban areas increased by only 10%. Rising housing costs and a surge in remote working were likely the main contributors to these changes.

Interstate migration patterns show more people (and tenants) leaving the Rust Belt and the Northeast in favor of the South Atlantic and Mountain states, as well as Arizona and Texas.

The overall rental occupancy rate in the United States hit a record high of 98% in January 2022. The increase was partly due to an influx of Americans who sold their homes when housing prices were at record high and then decided to rent until valuations come down. Again.

An analysis of 2020-2021 rental applications found there was a 37% increase in applicants who sold their home in the past year and a 16% increase among applicants with a current mortgage. Classes.

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Much like the housing market, the U.S. rental market has been constrained by a lack of supply, with new units lagging behind demand due to supply chain bottlenecks, high material costs and a continuing labor shortage. This contributed to a 14% increase in the average rental price between 2020 and 2021.

At the same time, the median income of claimants only increased by 6% between 2020 and 2021, leading to an increase in arrears on rent payments. On-time rent payments fell to 92% at the end of 2021 from 96% in January 2020.

“While conditions have been exacerbated by migration patterns over the past two years, the rental market has struggled with a lack of supply since even before the pandemic,” said Maitri Johnson, vice president of selection. of tenants and employment at TransUnion, to GOBankingRates in an email. statement.

Although building permits are at their highest level in many years, supply chain issues have impacted new inventory, she added.

“This is one of the reasons why the ‘Build To Rent’ asset class is starting to emerge as a timely alternative/solution to add inventory in tight market conditions,” Johnson said.

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Meanwhile, immigrants are expected to help sustain the long-term rental market. More than 80% of immigrants who have been in the United States for five years or less are renters, TransUnion reported, citing data from the US Census Bureau and Harvard University’s Joint Centers for Housing Studies. Even after five years, the majority of immigrants are renting, including 70% of those who have been in the United States for five to 10 years and 57% of those who have been in the United States for 10 to 20 years.

“Because people who immigrate to the United States tend to remain tenants for long periods of time, there is likely a cumulative effect to this sustained increase,” Johnson said in a statement. “Current demand resulting from the housing market may decline as house prices fall, but this population will likely keep rental demand high for decades to come.”

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About the Author

Vance Cariaga is a London-based writer, editor and journalist who has previously held positions at Investor’s Business Daily, The Charlotte Business Journal and The Charlotte Observer. His work has also appeared in Charlotte Magazine, Street & Smith’s Sports Business Journal, and Business North Carolina magazine. He holds a BA in English from Appalachian State University and studied journalism at the University of South Carolina. His reporting has earned him awards from the North Carolina Press Association, Green Eyeshade Awards and AlterNet. In addition to journalism, he has worked in banking, accounting and restaurant management. A North Carolina native who also writes fiction, Vance’s short story “Saint Christopher” placed second in the 2019 Writer’s Digest short story competition. Two of her short stories appear in With One Eye on the Cows, an anthology published by Ad Hoc Fiction in 2019. Her first novel, Voodoo Hideaway, is published in 2021 by Atmosphere Press.

The Tipperary couple’s location in the house may be important to their deaths, says Gardaí Thu, 23 Jun 2022 08:10:59 +0000

The location of the Tipperary couple’s body in their bungalow may be important to their deaths, Gardaí says.

The elderly couple, Nicholas and Hilary Smith, were discovered in their home with Gardaí believing they could have been there for 18 months.

Post-maternal examinations of the couple conducted by State Pathologist Dr Linda Mulligan at Waterford University Hospital on Tuesday were inconclusive.

Read more: Tipperary community ‘in disbelief’ as couple likely died for 18 months after milk carton found

However, detectives said they are keeping an open mind as to their cause of death until the results of toxicology reports are available within the next 72 hours.

Garda sources shared that the focus of their ongoing investigation is that the bodies were found in different rooms in the Cloneen bungalow.

Mr Smtih was discovered in a bedroom of the house, but his wife was found in the living room down the hall.

Blinds were drawn in both rooms as Gardaí found no evidence of violence towards either body.

They believe the different locations of the two bodies may be important to their cause.

The team investigating the incident is looking at several theories, including the possibility that the Covid-19 virus was involved.

Gardaí is also considering the presence of prescription drugs found on the property.

A house in Cloneen near the Tipperary-Kilkenny border where the bodies of two people were found on Monday afternoon. Picture date: Tuesday June 21, 2022.

The elderly couple had struggled with a number of health issues before their deaths, including arthritis and an autoimmune disease.

Detectives have the chimney and boiler investigated to rule out the possibility of carbon monoxide poisoning.

Residents of the community shared that they were in disbelief at the couple’s discovery as people believed they had planned to move overseas.

However, a local man became concerned after seeing the neglected state of the house and the English couple’s car had been parked behind their property without moving for 12 months.

Lockdown isolation was a potential reason the couple were not found sooner as members of the local community were told Mr and Mrs Smith were moving to France around November 2020.

Gardaí found no signs of evidence of foul play after securing the scene and alerted them due to concerns over the couple’s welfare on Monday June 20.

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]]> More tenants say Andover Apartments has a recurring problem with flooding Thu, 23 Jun 2022 02:42:00 +0000

TOLEDO, Ohio (WTVG) – Video from September 14, 2021 shows standing water inside Andover apartments at Eastgate and Heatherdowns. This is where Sandy Smith lived.

“It flooded the entire apartment from our bedroom to the front door, and it actually spread down the basement hallway,” Smith says. “A lot of things destroyed. Yes, material things can be replaced, but memories, old things, things that belong to our child, we cannot replace that.

After living in the same apartment for 6½ years, Smith says she broke her lease and moved out because her apartment flooded twice. The first happened in August 2021. The second, a month later.

13abc ran a story showing flooding following a storm on June 15, 2022. This story prompted Sandy and many other current and former renters to contact us. Many have sent us videos showing standing water. All report that water repeatedly came up from the sewers and into their homes.

“It’s time for Andover to step up and do what it needs to do. I know we left, but everyone who’s still there is going through this, and it happened again,” says Smith, who adds that his tenants’ insurance didn’t cover flood damage.

She asks Andover to compensate the tenants for their losses and to tackle the floods once and for all.

13abc tried to reach Andover Apartments several times by calling and emailing. We are still awaiting a response.

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Copyright 2022 WTVG. All rights reserved.

Biden eyes U.S. gas tax holiday ahead of July 4 weekend Tue, 21 Jun 2022 14:14:00 +0000 AAA predicts that 42 million Americans will hit the road by July 4th. Meanwhile, President Biden is considering a gas tax exemption to ease the pain at the pump.

CHARLOTTE, North Carolina — Tens of millions of Americans are expected to drive for the July 4 holiday this year despite record high gasoline prices across the country, according to AAA forecasts.

With the national average gasoline price just below $5 a gallon, 47.9 million people are expected to travel 50 miles or more over the holiday weekend (June 30 – July 4), according to AAA. That’s just below the numbers seen in 2019, before the COVID-19 pandemic, and the vast majority of those people, around 42 million, will be driving.

“Earlier this year, we started to see demand for travel go up and it’s not going down,” said AAA Senior Vice President Paula Twindale. “People are ready for a break and despite things costing more, they are finding ways to keep taking that much-needed vacation.”

The startling prediction among drivers comes as President Joe Biden considers a federal gas tax exemption. If Biden suspended the federal gasoline tax, it could save U.S. drivers up to 18.4 cents a gallon.

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“Yeah, I’m thinking about it,” Biden told reporters after strolling along the beach near his vacation home in Delaware. “I hope to have a decision based on the data – I’m looking by the end of the week.”

Biden said his administration would meet with CEOs of major oil companies to discuss the price hike. Biden has publicly spoken out against corporations, saying they are making excessive profits as Americans feel the tightening of inflation.

Earlier this year, the Biden administration released oil from the US strategic reserve and increased the ethanol blend for the summer. Oil refiners say their ability to produce additional gas and diesel is limited, meaning prices could stay high unless demand starts to decline.

The American Petroleum Institute and U.S. fuel and petrochemical makers sent a joint letter to Biden on Wednesday saying refineries are already operating near maximum capacity and nearly half of the capacity pulled from the line was due to the conversion of facilities to the production of renewable fuel.

It’s not just the rental market that’s cooked, flatshares are too Tue, 21 Jun 2022 06:01:17 +0000

Australia’s rental housing vacancy rate fell to an all-time low in May and the flat share vacancy rate has fallen this year as unaffordability forces more people into long-term rentals. And yes, we can blame our crazy real estate prices.

Even though the closings have made many people never want to live with roommates again, it turns out that finding a room in a shared apartment is still difficult.

“Despite the initial increase in vacancy during the pandemic, demand in city centers has returned and vacancy is now low,” Community Manager Claudia Conley says PEDSTRIAN.TV.

“Occupancy has returned to pre-pandemic levels, and in some areas demand far exceeds the supply of rooms in sharehouses.”

Nationally, there is a ratio of five people looking for every room in a flatmate available on It’s been down slightly since a two-year peak in March 2022, when there were eight people for every available room, but that’s still bad news.

By zooming in on certain areas, the situation becomes a lot worse.

There are currently 11.3 people seeking every available shared room in South Africa, down from its March peak of more than 48 people per room. Radelaide!!?

There is a ratio of 16.4 people looking at every available room in the NT, down from its astonishing January peak of 103.6 people (!!!) per room.

And while Melbourne and Sydney don’t look so bad in comparison at a ratio of around 6:1, finding rooms in some inner-city suburbs is nigh on impossible.

A room in a Redfern flatshare costs an average of $293 per week, lol, and you’ll be competing against 19 other room seekers, according to Want to live in Fitzroy? You will be competing with 51 people per room.

Rental property vacancy has fallen in all capitals since this time last year.

“The national vacancy rate is 1.0% for the third month in a row and this is the lowest in our record that we have seen,” said the area’s head of research and economics Dr. Nicholas Powell says PEDSTRIAN.TV.

Adelaide has the lowest vacancy rate with just 0.3% of rental properties currently available for rent.

“It’s like finding a needle in a haystack in terms of a tenant trying to find a rental to rent,” Powell said.

Melbourne had the most unoccupied rentals in May 2022 with the highest vacancy rate in the country at 1.6%, closely followed by Sydney at 1.4%. But that’s still *very low* and a huge drop since May 2021, when 3.6% of rentals in Melbourne were available.

But Australia’s migration rate fell sharply even before the pandemic and the current net migration rate is 5.4 per 1,000 people, down 4.4% from 2021.

So, with fewer people in the country as a whole, why is it so hard to find a place to rent?

The main reasons are the high cost of living and the affordability of housing in the toilets.

“The cost of living has been a big contributor to the surge in demand for rentals, with more people seeing shared housing as a legitimate, long-term way to live,” Conley said.

“The limited stock and the competitive market place additional stress on room seekers.”

Well, that’s just spooky. First my gasoline, my electricity and my salads, now the roof over my head.

And house prices are out of control. They are up 25 per cent nationwide in 2021 alone and even more so in Sydney, naturally.

“No one can keep up with this level of price growth,Powell said.

“The escalation in house prices during the pandemic has locked people in the rental market longer due to their inability to break into the housing market.”

Powell said it was good to see state governments and the federal government trying to address the problem with a number of immediate relief measures such as equity programs and lower taxes.

Premier of New South Wales Dominique Perrotet on Monday announced a First Home Buyer Choice program to reform stamp duty, which will allow buyers to choose between an upfront payment or a reduced annual property tax.

But Powell said that ultimately we need to balance supply and demand, and an effective way to do that is to build more affordable and public housing.

“The rental market and the sale market are linked and I think we have people in the private rental market who should probably be in social housing,” she said.

“It has to be something that is addressed by the government. We need to ensure that our most vulnerable Australians are housed in social housing. This puts additional pressure on the rental market when they really should be in social housing.

Until then, the rental crisis should last for quite a while.

The ball is in your court, Albo.

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Sea turtle Esther is out as part of the 15th annual Turtle Tour Mon, 20 Jun 2022 20:16:00 +0000

MANATEE COUNTY, Fla. (WWSB) – Crowds gathered on Anna Maria Island to watch as staff and volunteers from Waterline Villas & Marina, Mainsail Vacation Rentals, and Anna Maria Island Turtle Watch and Shorebird Monitoring released Esther, a loggerhead turtle, back in the gulf after successfully laying her eggs.

As island conservation partners, Waterline, Mainsail Vacation Rentals and AMITW sponsored Esther on the 15th Annual Turtle Tour, an annual “marathon” event created by the Sea Turtle Conservancy to track the migration of released sea turtles beaches in Costa Rica, Panama, Nevis, Anna Maria Island and other parts of Florida. Esther is named after competitive swimmer and movie star Esther Williams, who starred in the 1948 romantic comedy “On an Island with You,” which was filmed on Anna Maria Island.

Esther and the other Tour de Turtles competitors will be tracked for three months using satellite telemetry to record their location and distance traveled. Data will be uploaded to interactive maps on Tour de Turtles website. The turtle that completes the greatest distance during the three-month period will be announced as the winner of this year’s marathon.

“We are honored to be part of such a fun and educational event and wish Esther a safe trip,” said Lacey Lloyd-Jones, General Manager of Waterline Villas & Marina and Mainsail Vacation Rentals. “As an official community sponsor of Anna Maria Island Turtle Watch, we actively support Executive Director Suzi Fox and her team with ongoing training and special guest programs for our guests.

Through their partnership with Anna Maria Island Turtle Watch & Shorebird Monitoring, Waterline Villas & Marina and Mainsail Vacation Rentals are committed to advance the mission of a suitable habitat for sea turtles, shorebirds and the ecosystem of the island and its surrounding waters.

“We are thrilled to be returning to Anna Maria Island for the fifth time to track a Gulf Coast Loggerhead Sea Turtle. Esther is the first of our hard-shelled turtle competitors to be released this summer and we look forward to it. to see if it follows the path of previous Anna Maria Island turtles or charts its own course.Daniel Evans, Sea Turtle Conservancy biologist.

For more information or to make reservations, visit Waterline Villas & Marina at or call (844) 863-9443. You can also connect with Waterline and follow Esther’s journey on Facebook, Twitter and Instagram.

Copyright 2022 WWSB. All rights reserved.

Fulton Market developer offers over 2,200 apartments near Bally’s casino site Mon, 20 Jun 2022 14:42:04 +0000

Separately, Shapack is proposing to redevelop a trio of sites southwest of the Salvation Army property near the intersection of Milwaukee and Union Avenues and Hubbard Street, according to the other zoning application. The proposal includes three buildings on three plots totaling 1,159 residential units, as well as commercial space on the ground floor and a small amount of office space.

The collection of projects, which require City Council approval, is one of the most ambitious bets in a downtown apartment market that has roared after the early devastation of the COVID-19 pandemic.

It also piles on a mix of huge apartment projects near the Chicago Tribune’s Freedom Center, which is set to be redeveloped into a $1.7 billion Bally casino, hotel and entertainment venue. whether the gaming giant can get final approval from the Illinois Gaming Board and the Chicago plan. Commission for the project. Canadian developer Onni Group recently won city council approval to build nearly 2,700 apartments just north of the casino site on the southern tip of Goose Island. Onni is also finalizing a deal to purchase another large development site along the northern border of the casino property with a plan to develop what could be well over 1,000 additional residential units.

If the Shapack projects come together as planned, it would further establish the area between Fulton Market and the North Fork of the Chicago River as a booming new downtown neighborhood.

A spokesperson for Shapack could not be reached.

Shapack is best known for developing a series of high profile office buildings, hotels and apartments in the Fulton market over the past decade. The company’s most notable projects include a 750,000 square foot office building at 167 N. Green St., the Hoxton Hotel, the Soho House hotel and private club, and the Parker Fulton Market apartment building. .

A source familiar with the new Shapack plan said the hotel would be developed before apartment buildings, in the same way Shapack began work in Fulton Market with Soho House to help drive foot traffic into the piece.

The new combined proposals include plans for 454 affordable units in apartment buildings to comply with the city’s ordinance governing affordable housing in residential projects, according to zoning applications.

At the Salvation Army site along the southern edge of the Interstate 94 Ohio Street on-ramp, Shapack plans to convert a six-story building at 509 Union Ave. in hotel. The building would be built on property along Desplaines, where the current buildings would be demolished and replaced with a denser apartment tower. The site’s development prospects increased in 2017 after the city added other areas of the central business district eligible for higher-density zoning.

Magnetar Capital founder Alec Litowitz and his wife, Jennifer Litowitz, are investors in both projects, according to zoning applications. They previously teamed up with Shapack to develop a 70,000 square foot office building at 811 W. Fulton St. which they sold in 2019 for over $50 million, then paid a record price per foot. square for an office building in Chicago.

The sites closest to Hubbard Street include a pair of properties on the north and south sides of Milwaukee Avenue as well as one east of Union Avenue. The properties, which Shapack acquired in pieces between 2016 and 2022, depending on the zoning request, now mostly house single-story buildings or surface parking lots.

The westernmost site between Milwaukee and Hubbard would be redeveloped with a 337-apartment building rising 300 feet, according to that site’s zoning application. Shapack is proposing a 317-unit building rising 350 feet on the parcel between Milwaukee and Union and another 505-unit building rising 490 feet east of Union, the application says.

Plans show that these three projects would be coordinated with open-air walkways crossing the ground floors, similar to the concept of “mews” developed by Shapack at 167 N. Green St., which should continue on the other side from the street to a large new development his company has planned at 170 N. Green St.

Vacation Lessons Learned (IRWIN STOOLMACHER COLUMN) – Trentonian Sun, 19 Jun 2022 21:23:29 +0000

I have just returned from vacation in the East of France. The guided tour has been described as “14 delightful days exploring bountiful vineyards, classic villages, hearty cuisine and a quietly proud culture of eastern France”. Vacations were that and more – both good and bad.

There were no “wow moments” for me during this vacation. A term veteran vacationers use when they’re impressed by something they’ve done or seen. Reviews from people who have been on this tour have mentioned seeing Mont Blanc, the highest mountain peak in Europe, as their jaw-dropping moment. Clouds the day we visited prevented this.

I enjoyed learning about the ancient Roman ruin in Provence; the medieval charity hospital, Hôtel Dieu, in Burgundy and loved the wine tours and tastings. I came away with a much better understanding of the French term “terroir” as it relates to winemaking. Essentially, terroir encompasses all of the factors that go into producing wine grapes in a vineyard, from climate to soil to altitude. Some regions are said to be more “terroir” than other regions. Similarly, two nearby vineyards may have totally different “terroirs”.

The highlight of this holiday for me were various very civil discussions I had with the 23 members of the tour group. Four issues were at the center of most of the discussion: Covid-19 masking requirements (two band members fell with Covid), gun control, escalating crime and systemic racism .

Those concerned about the imposition of mask mandates (including two doctors) felt that the rules and regulations regarding masks, not vaccination, were arbitrary and capricious and based more on politics than science. They pointed out the absurdity that people flying back to the United States from Canada had to wear masks on the plane, but those returning by car did not have to wear masks. The same goes for Covid tests. Enter the United States by car, no test required. Enter by plane, you must have a negative test taken one day before the trip.

In the face of growing calls for greater restrictions on guns, those who opposed them said the Brady bill, which mandated federal background checks for firearms purchased in the United States. States, had no discernible effect on reducing gun-related deaths. I argued that this was a useful but modest first step and that we also needed to take various additional steps.

On the issue of rising crime, I’ve been forced to disavow the idea that Democrats are anti-police because they want to “defund” them. I argued that I was not for defunding the police, but rather for reallocating some of the funds they receive to ensure they have trained mental health professionals on the streets and available to appeal when a situation arises in which someone they are trying to apprehend is having a mental health crisis.

On the issue of systemic racism, we didn’t seem to disagree on its existence, but rather on whether we should highlight the substantial progress that African Americans have made over the years or whether we should focus on the huge gap that still exists in America between how blacks and whites are treated and in the opportunity gap that still exists between races.

Logistically, my vacation was an absolute disaster. After landing in Paris, we had to take two trains to get to the starting point of our tour in Reims. Our first train was late departing so we missed the second connection. In order to avoid a 5 hour wait for the next train, we took a taxi a hundred kilometers from Reims.

It was nothing compared to the return trip which was an absolute fiasco.

Our flight from Marseille to Munich was delayed and we left 40 minutes late. When we arrived in Munich, the staff told us that if we ran, we could take the connecting flight to the United States. So we raced through the airport, up and down the escalators, through passport control, taking a shuttle to another terminal until we reached the gate where we were told ‘too late’. No pleading worked.

The Lufthansa service center was not open in the departure terminal so we backtracked to the arrival terminal and then joined a very long line of passengers (at least 200 cents) at the service center which was open. We lined up, edging along for FOUR HOURS!

Finally, it was our turn. The duty agent booked us on the same flight for the next day. He also gave us a voucher for a hotel and breakfast at the hotel (Lufthansa made the reservation), a voucher for a taxi to take us to the hotel, a voucher for a taxi to take us back to the airport, vouchers for meals, and vouchers to pay for Covid tests.

So at 9.30pm we had a bite to eat at the airport then took a 30 minute taxi ride with a driver going 120km per hour (could see the speedometer) to an IBIS hotel in Landshut City. We got to our room and went to bed.

The next morning we drove back to the airport with a more sane taxi driver. I found the Covid testing site, took the test and 30 minutes later got ‘negative’ reports printed out.

We killed time at the airport until boarding time. We waited 20 minutes after departure time for passengers arriving late on connecting flights. A courtesy not extended to the many passengers like us who missed the day before.

Then we took off. End of the story? Not enough.

Three hours into the flight, the captain announces that there is a problem with a passenger and that we may have to turn around. Ten minutes later tells us that with the help of the passengers, the problem has been solved and we will continue our journey to Newark.

From time to time I heard strange noises, shouting and some commotion coming from the back of the section in which we were sitting. Then there is a big commotion with the flight crew trying to calm a psychotically depressed passenger. He was apparently trying to hit the passenger sitting next to him among other psychotic behaviors.

The captain announces that we are making a detour to St. John, Newfoundland to pick up the passenger. We land and the police board and evacuate the passenger whose hands had been tied by the flight crew. He was taken to hospital.

Then the plane was refueled and we took off. We spent an hour in St. John. Finally arrive in Newark at 10:30 p.m., three and a half hours late. Long wait for luggage but car service was there. We arrived home at 1:00 a.m. EST on Monday June 6th. Not bad for a trip that started in Aix en Provence on Saturday June 6 at 9:30 am CET.

Vacations should be a respite from the trials and tribulations of everyday life. This one, while it had its strengths, was far too stressful. In the future, I will stick to direct flights. I realize that means I will probably never see certain places on my to-do list. So be it!

Irwin Stoolmacher is president of the Stoolmacher Consulting Group, a fundraising and strategic planning firm that works with nonprofits that serve those most in need among us.



Can a 26-year-old Toronto sous chef who makes $40,000 rent alone? Sun, 19 Jun 2022 11:15:00 +0000

Millennial Money is a weekly submission-based series that provides financial advice to millennials. Read the full series here.

At 26, Jocelyn spent four years working her way up from dishwasher to sous-chef at a Toronto restaurant. Today, she earns around $40,000 a year and lives comfortably – going out for drinks and dinner – without paying rent.

“I was relaxing since I was living at home, saving money and just paying off student debt,” she said.

But now she’s off to a big change – and a pretty immediate one.

“My parents told me they were planning to sell their house by the end of the year, and I would have to find my own house,” Jocelyn said, adding that she was stressed about her situation.

Because she’s worked hard to make money at the restaurant, she doesn’t want to leave – she’s comfortable after her many years of experience there.

However, since it is located in downtown Toronto, she will likely have to find her own place as her parents plan to move north.

“I never really thought about my money like that. Now I have to consider rental accommodations that always take me downtown,” she said.

Because of all the expenses she saved on housing and the easy access to public transportation she enjoyed to get from her parents’ house downtown for work, she admits that she tends to splurge.

“I work in a restaurant as a sous chef, I can eat at work mainly. But also because I’m in this industry, I end up going out quite often to drink and eat with co-workers and friends when I have the day off,” Jocelyn said.

On nights she chooses to go out late, she’ll opt for Uber home, which costs just over $25 each way.

“I almost never turn down a dinner or a drink, and I go out after work too,” she said. “I will have to change that when my parents want to sell our family home.”

So far, in a savings account, Jocelyn has set aside $2,000. She’s also debt-free, but with the looming prospect of renting alone in town, she wants some clarity.

“Do I live with a roommate? Where is it accessible? »

We asked Jocelyn to share a week of expenses to get an idea of ​​her finances.

The Expert: Jason Heath, managing director at Objective Financial Partners Inc.

Jocelyn was able to pay off her student loan living at home with her parents, but that’s about to change. They told her that they planned to sell their house by the end of the year and that she would have to move.

She managed to save $2,000, but she will need a lot more to pay first and last month’s rent and also have an emergency fund. She thinks she might need a roommate. I think the best thing she can do is try to prepare a reasonable budget.

According to Statistics Canada’s latest household spending survey, the top three household expenses were housing (29%), transportation (19%) and food (15%). Jocelyn doesn’t have a car and uses public transit, so her transportation costs are relatively low. Currently, she does not pay rent and her parents buy groceries. So she can expect her monthly costs to increase significantly when she moves.

Assuming she stays in North York, reports the average rent for a one-bedroom apartment in May is $1,781 per month. For a two-bedroom apartment, the average rent was $2,367. So if she shares a two-bedroom apartment with a roommate, she might be able to reduce her rent by about a third, or nearly $600 a month. There are other fixed costs, like renters insurance, internet, and other miscellaneous expenses that can be less if shared.

It’s worth mentioning that Jocelyne’s monthly costs of $865 suggest that she should save around $1,400 per month based on her after-tax income. Considering she just finished paying off her debt, she might just have that much more each month. But looking at their after-tax income and actual monthly savings (or lack thereof) might be the best test of what you’re spending. People tend to greatly underestimate the money they spend.

Even though Jocelyn now has $1,400 more each month, she may struggle to pay her rent and food without serious changes to her other expenses or income. She hopes to get a promotion and a corresponding increase in her income, but failing that, moving will require a change in her financial habits. The sooner she gets used to these changes and reduces her expenses to increase her savings while she is still at home, the better prepared she will be to move.

Results: She spent less. Expenses week 1: $419.50 Expenses week 2: $366.50

How she thinks she did: Reading all of this, Jocelyn said she felt “nervous” as her parents kept reminding her of their plans.

“I realize that they think I had it too easy compared to my brother, and so I’m going to have to figure things out,” she said.

Take away food : If there’s one major thing that stands out, it’s that she’ll have to drastically change her lifestyle.

“Working in the food industry, you constantly see people eating, drinking and enjoying the food while we work at a fast pace in a hot kitchen,” Jocelyn said. “That’s why there are so many temptations to go for a drink or a meal, because we see it as a moment of relaxation.”

To make the necessary changes, she’ll do her best to start shopping at her parents’ house while she’s still there to prepare breakfasts, as well as lunches and dinners when she’s not working.

“I want a better idea of ​​the cost of all these extra things. I realize it’s not just about rent, but so much more,” she added.

With Heath depressed, Jocelyn is now considering finding a place with roommates.

“I don’t mind doing this if it means I can get to work at an efficient time,” she said, adding that if she can’t find anything near or within walking distance of work, she’ll consider going to work. move further west or east, as long as it’s near a subway station.

In the meantime, she will continue to work hard for a promotion, while spending her days off looking for places to rent instead of going out for a drink.

“Learning to say no will be difficult, but it’s necessary if I want to be independent.”

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Digital design by McKenna Deighton. Evelyn Kwong is a Toronto-based journalist. Follow her on Twitter: @evystadium


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Vrbo Reveals Top 10 European Vacation Homes of the Year for 2022 – How to Book for Summer Sat, 18 Jun 2022 16:32:11 +0000 Summer holidays can be stressful – especially when you have young children – but Vrbo is here to save the day by revealing its European holiday homes of the year 2022.

Whether it’s your first getaway with your little one or you’re looking for a vacation to remember, these prime properties are located in some of the hottest destinations right now.

The best family homes are in sunny places like Greece, Spain and Portugal, as well as closer to home here in the UK.

European Holiday Homes of the Year 2022. 1 credit

“We know that every family – or whoever you call it family – has their own unique needs and preferences, so in addition to meeting high quality standards, this list of vacation homes also includes a variety of property types across destinations. popular Europeans,” said Karen Mullins. from Vrbo.

Ms Mullins added: “Whether you prefer a seaside home, a chalet in the mountains, a country mansion or a cottage, you can have an amazing stay at one of our year-round European holiday homes. .”

Prepare your passports, here are 10 family properties where you can fly away for the summer holidays.

Vrbo reveals its European holiday homes of the year 2022

Modern villa with stunning sea view, swimming pool, Jaccuzi – Bretagne, France

Bradford Telegraph and Argus: Modern Villa with Stunning Sea Views, Pool, Jaccuzi - Brittany, France.  1 creditModern Villa with Stunning Sea Views, Pool, Jaccuzi – Bretagne, France. 1 credit

Sleeps: 6

Bedrooms: 4

Bathrooms: 3

Particularities: Outdoor swimming pool on the south terrace, sea view, jacuzzi, free WiFi, near port and town

Average cost per night: £361

Book a vacation through the Vrbo website.

Villa San Piero: Perfect Holiday in Chianti with Pool, Views, Privacy – Tuscany, Italy

Bradford Telegraph and Argus: Villa San Piero: perfect Chianti vacation with pool, views, privacy - Tuscany, France.  1 creditVilla San Piero: perfect vacation in Chianti with pool, views, privacy – Tuscany, France. 1 credit

Sleeps: 10

Bedrooms: 5

Bathrooms: 5

Special features: Garden with olive trees, saltwater infinity pool, barbecue loggia, exclusive access to the Villa with chapel, pizza oven, private chef and driver, cooking class with private chef

Average cost per night: £589

Book a vacation through the Vrbo website.

Superb modern design villa located on the mountain in a unique location, terraces and swimming pool – Mallorca, Spain

Bradford Telegraph and Argus: Stunning Modern Design Mountainside Villa in a Unique Location, Terraces and Pool - Mallorca, Spain.  1 creditSuperb modern design villa located on the mountain in a unique location, terraces and swimming pool – Mallorca, Spain. 1 credit

Sleeps: 6

Bedrooms: 3

Bathrooms: 3

Particularities: Free Wifi, private saltwater swimming pool, barbecue, parking, near the sea and the golf course

Average cost per night: £566

Book a vacation through the Vrbo website.

Fantastic villa with heated pool, air conditioning, free wifi – Algarve, Portugal

Bradford Telegraph and Argus: Fantastic villa with heated pool, air conditioning, free wifi - Algarve, Portugal.  1 creditFantastic villa with heated pool, air conditioning, free wifi – Algarve, Portugal. 1 credit

Sleeps: 13

Bedrooms: 5

Bathrooms: 5

Particularities: Air conditioning, free Wifi, large heated outdoor swimming pool, traditional Algarve barbecue

Average cost per night: $457

Book a vacation through the Vrbo website.

Exquisite family villa with spectacular ocean views and heated infinity pool – Corfu, Greece

Bradford Telegraph and Argus: Exquisite Family Villa With Spectacular Ocean Views and Heated Infinity Pool - Corfu, Greece.  1 creditExquisite family villa with spectacular ocean views and heated infinity pool – Corfu, Greece. 1 credit

Sleeps: 6

Bedrooms: 3

Bathrooms: 3

Special features: barbecue area with stone gazebo, private terrace, all rooms have a balcony, air conditioning, outdoor heated infinity pool, Nespresso machine and boat rental available.

Average cost per night: $201

Book a vacation through the Vrbo website.

Trullo Santo Stefano – Vacation rental with pool – San Michele Salentino, Puglia, Italy

Bradford Telegraph and Argus: Trullo Santo Stefano - Vacation Rental with Pool - San Michele Salentino, Puglia, Italy.  1 creditTrullo Santo Stefano – Vacation rental with pool – San Michele Salentino, Apulia, Italy. 1 credit

Sleeps: 7

Bedrooms: 3

Bathrooms: 2

Special features: free WiFi, swimming pool, animals accepted, outdoor shower, covered terrace, wood-burning oven, fruit trees and barbecue

Average cost per night: £347

Book a vacation through the Vrbo website.

Waldhaus. Elegant half-timbered house + barrel sauna – Rieste, Germany

house – Rieste, Germany. 1 credit” alt=”Bradford Telegraph and Argus: Waldhaus. Barrel sauna in elegant half-timbered house – Rieste, Germany. 1 credit” class=”editor-image”/>Waldhaus. Barrel sauna in elegant half-timbered house – Rieste, Germany. 1 credit

Sleeps: 8

Bedrooms: 4

Bathrooms: 3

Particularities: Pets accepted, parking, hot tub, free WiFi and fireplace

Average cost per night: £155

Book a vacation through the Vrbo website.

Villa Arbanessa with heated pool – Trogir, Croatia

Bradford Telegraph and Argus: Villa Arbanessa with heated pool - Trogir, Croatia.  1 creditVilla Arbanessa with heated pool – Trogir, Croatia. 1 credit

Sleeps: 8

Bedrooms: 3

Bathrooms: 3

Special points: heated swimming pool, 10 meters from the beach, jacuzzi, sea view and animals accepted

Average cost per night: £396

Book a vacation through the Vrbo website.

Chalet Xel-Ha **** 180° view, wood stove, bubble sauna in the garden. – Haute-Savoie, France

Bradford Telegraph and Argus: Chalet Xel-Ha**** 180° view, wood stove, bubble sauna in the garden.  - Haute-Savoie, France.  1 creditChalet Xel-Ha **** 180° view, wood stove, bubble sauna in the garden. – Haute-Savoie, France. 1 credit

Sleeps: 11

Bedrooms: 4

Bathrooms: 3

Special features: south-facing terrace, table football, free WiFi, sauna and swimming pool

Average cost per night: £387

Book a vacation through the Vrbo website.

Exceptional North Norfolk Property – Norfolk, UK

Bradford Telegraph and Argus: Exceptional North Norfolk Property - Norfolk, UK.  1 creditExceptional North Norfolk property – Norfolk, UK. 1 credit

Sleeps: 8

Bedrooms: 4

Bathrooms: 4

Special features: Pets accepted, fireplace, free WiFi, underfloor heating, landscaped garden, Smart TV and Sky, desk, table football, restored ruins of a romantic Gothic chapel.

Average cost per night: £765

Book a vacation through the Vrbo website.