Tiny homes blog

“ A place belongs forever to whoever claims it hardest, remembers it most obsessively, wrenches it from itself, shapes it, renders it, loves it so radically that he remakes it in his own image.”                                                                                                                                          Joan Didion                   “ I’m a reflection of the community ”                                                         ...

Today Toronto passed new regulation upon short term rentals that will return as much as 25% to the rental market. It was estimated that 21,000 rental homes in Toronto had been avail in a short term rental market through AirBNB, and some other online sites that act as a leasing agent for short term rentals. New rules passed today ensure the limit of these rentals to 180 days a year and not exceeding 28 days in a row. There are a few fees and registration with the city, but most importantly is the condition to rent short term you must also occupy the dwelling, and this is limited to three bedrooms. Apartments and seperate unites are no longer permitted. This, Vicenews states, will cut this market down by 25% and return roughly 5,000 unites back to the rental market. A market that has long been "roughly 1%", which is essentially 0 if under 1% if your seeking rentals, especially if you are of low income, have children, pets, or any other unforeseen and arbitrary barrier. ...

Now that Trumps impeachment inquiry in underway, it seems pertinent that we take some time to look at the myth of his great success in Atlantic City. When Donald Trump came to Atlantic City he came to monopolize the board. The New York real estate tycoon first bought Trump plaza Casino on the Boardwalk in 1984 and then set eyes on the vacant urban renewal site in in 1990 on the inlet to build a 42 story, 1,250 room hotel. It was at the time New Jersey’s tallest building and the world's largest casino. He put up little of his own money and shifted personal debts to the casinos and collected millions of dollars in salary, bonuses and other payments. The burden of his failures fell on investors and others who had bet on his businesses. Stock and bond holders lost more than 1.5 billion after issuing $675 million worth of junk bonds with a 14% interest rate. At the completion of construction the Taj’s total debt was $820 million that needed $1.3 million a day just to cover the costs...