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It appears the group has fallen victim to the economic downturn, compounded by high rent levels on properties set during the boom and a high level of company debt.
BBC: Botanic Inns chain in administration
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Using the NYT rent-vs-buy calculator, Salmon figures out that the acquisition only makes economic sense (i.e. it is actually cheaper to buy rather than rent) if one is bullish in the long-run, or 5 to 10 years, which means assuming annual home prices and rental prices gain 1% per year.
FORBES: Dr. Doom Bullish On Housing? Roubini Buys a $5.5 Million Manhattan Condo
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Millennials, the ascendant economic force in America, have been culturally programmed to borrow, rent and share.
FORBES: Airbnb And The Unstoppable Rise Of The Share Economy
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Two women who won rent-free retail premises in Chippenham are closing their shops blaming economic pressures.
BBC: Borough Parade, Chippenham
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On average that'll just cover a typical rent in the county and nothing else, says Doug Hall, the director of Economic Analysis and Research Network for the Economic Policy Institute.
FORBES: Incomes
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Now Airbnb, the Y Combinator company that enables people to rent out their homes to travelers, has released a study it commissioned that analyzes its economic effect on San Francisco.
FORBES: Airbnb Had $56 Million Impact On San Francisco: Study
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The financing package that the Cardinals put together to fund the first phase of its project reflects the tough economic climate that such projects face even as credit has become more accessible recently for real estate with proven rent streams.
WSJ: Deal of the Week: St. Louis Cardinals Build a Village
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In New Brunswick, the rent control board is responsible for setting the maximum annual rent increase, within the constraint of 2.5% to 5.5%, based on economic conditions.
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