A real estate report found that there are only four cities in the U.S. where it makes more sense for residents to rent rather than buy. The foreclosure crisis has made it more practical to buy rather than rent in 72% of America's 50 largest cities.
The report was prepared by the website Trulia. The four expensive cities to purchase a home, in order, are NYC, Seattle and Kansas City, MO and San Francisco tied for third place.
"Trulia's study - which only took into consideration two-bedroom apartments, condominiums and townhouses - used a price-to-rent ratio to calculate its rankings.
Cities with a ratio of 21 or higher were deemed cheaper to rent than to buy.
The study found that San Francisco, with an estimated median home price of $763,000 and an annual rent cost of about $36,000, came in with a price-to-rent ratio of 21, as did Kansas City, Mo. Not surprisingly, New York had the most-expensive real estate and a price-to-rent ratio of 31."
FULL STORY: It’s still rent over buy in San Francisco
Top 5 US Cities for Office-to-Residential Conversions
As more and more cities look to adapt vacant office buildings into homes, a new analysis from Urban Institute says some cities will benefit more than others.
2020 Population Growth Rates for the 50 Biggest U.S. Cities
The Census Bureau released new data on May 27 that includes the first four months of the pandemic. Seattle tops the growth rate at 2.2% from July 1, 2019, to July 1, 2020, while Baltimore and San Francisco land at the bottom with -1.4%.
A Bipartisan Case for Mass Timber—Combating Wildfires and Developing Local Economies
What’s good for our forests and planet can also be good for our jobs, communities, and the economy. That’s why we’re writing this together—an ex-Democratic political operative and an ex-Republican staff member who want to see mass timber flourish.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
Chicago’s Ghost Rails
Just beneath the surface of the modern city lie the remnants of its expansive early 20th-century streetcar system.
Amtrak Cutting Jobs, Funding to High-Speed Rail
The agency plans to cut 10 percent of its workforce and has confirmed it will not fund new high-speed rail projects.
Ohio Forces Data Centers to Prepay for Power
Utilities are calling on states to hold data center operators responsible for new energy demands to prevent leaving consumers on the hook for their bills.
MARTA CEO Steps Down Amid Citizenship Concerns
MARTA’s board announced Thursday that its chief, who is from Canada, is resigning due to questions about his immigration status.
Silicon Valley ‘Bike Superhighway’ Awarded $14M State Grant
A Caltrans grant brings the 10-mile Central Bikeway project connecting Santa Clara and East San Jose closer to fruition.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
Caltrans
City of Fort Worth
Mpact (founded as Rail~Volution)
City of Camden Redevelopment Agency
City of Astoria
City of Portland
City of Laramie