Daily News | Homeowners becoming ‘accidental landlords’ | Real Estate Newsletter
Lindsay and Ryan Brim are a young Philly couple growing their family. They’ll look in the suburbs to buy a bigger house with a yard when they eventually move.
You’ve probably heard that story before. But what’s new is that the Brims don’t plan to sell their current home. They told me they want to keep it and rent it out. And they’re not the only ones.Like millions of other homeowners, the Brims refinanced during the pandemic. They got a 3.175% mortgage rate. Compare that to the average fixed rate for a 30-year mortgage recently.
During her time as deputy mayor, Philadelphia’s redevelopment boom meant the city led the region in housing construction.Before she joined the Kenney administration, she worked for a construction management and consulting firm.advocates for market-rate developers. She was the director of development for the Philadelphia Redevelopment Authority under former Mayor Ed Rendell.
During the pandemic, her department used federal money to get a rental assistance program online faster than most local governments and paired it with the
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