How Apartment Executives are Preparing for the Next Recession: January 2019 NAA UNITS Ten years ago, the Great Recession walloped almost every sector of the economy. According to the U.S. National Bureau of Economic Research, which officially tracks the country’s recessions, it started in December 2007 and ended in June 2009, lasting 18 months. While many owners of apartments faced foreclosures and tighter lending regulations, demand for their product grew when homeowners lost their housing, couldn’t close or afford to buy. READ MORE
Some Concerned New Tax Will Hurt Tourism At Jersey Shore: January 2019CBS A new little-known tax in New Jersey is causing some concern down the shore. It has some renters considering other plans this summer. It’s not lost on Vicki Allison how fortunate she’s been to have a Cape May beach house passed down generation to generation in her family. “This house was bought by my grandfather in 1936 during the depression. I spent all my childhood summers down here, my children spent all their childhood summers down here,” said Allison. READ MORE
What Will a Recession Mean for Student Housing? January 2019 NAA UNITS While most people agree a recession is coming, the student sector is well prepared. Find out why.Most experts agree that a recession is coming. When it does arrive, executives in the student housing industry think they will be in good shape. Conventional wisdom holds that college enrollments go up during a recession as students decide to stay longer and adults go back for advanced degrees. READ MORE.
Letter-to-the-editor: Proposed lead legislation does more harm than good December 2018 Philadelphia Business Journal Controversy surrounds new legislation introduced by Philadelphia City Councilwoman Blondell Reynolds Brown: does testing every rental unit built before 1978 for lead provide needed protections for young children, or will the drastic rent hikes it forces worsen the city’s affordable housing crisis and make it harder to attract the young people businesses need to the city? And does the city need to risk raising rents by as much as $400 a month when there are already laws on the books that can help protect children from lead poisoning? READ MORE
If Philadelphia wants to protect kids from lead, it should join lawsuits against paint companies | Opinion November 2018 The Inquirer Philadelphia has spent plenty of time talking about the danger of lead poisoning. It's time to do more and sign onto the only way to actually pay for the high costs of cleaning up lead: a lawsuit against lead paint companies. The Pennsylvania Apartment Association East (PAA East), the region's leading advocate for property owners, management, and renters, is proud to join with everyone else in the state trying to do just that. READ MORE.
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