Some thoughts on the increase in renters

After reading City Lab’s “The Rise Of Renting In The US”, I’m struck by some key things.

1) The fact that housing takes up 60%, or more, of the lowest earners income should trouble us. I’m not sure what the best solution is to getting more affordable housing available. One if the most critical factors is inventory (good ol’ supply & demand). Hence the drive for more multi-family projects.

2)’there are long-term impacts from the high percentage of the Pope’s income that is burned through on basics. It impacts social mobility. I expect this will help drive more economically fragile people over the edge.

3) the concerns I have in point 2) are exacerbated by a 40% or more increase in year-to-year rental costs. I worry about the long-term impacts this will have on the demand for assistance. Especially as incomes are rising far too slowly

4) It’s not all bad news. There are some upsides to communities with high percentages of renters. Especially if they’re in higher income brackets. For instance, they have access to greater numbers of creative talent.

5) there’s a great opportunity for investors who own rentals, or are thinking about it. The demand will stay strong for the foreseeable future. Keeping your rental properties full won’t be much of a challenge for the near term.

These issues are going to provide significant challenges ton our communities over the foreseeable future. We need to nrse above our petty bickering, society wide, to address these issues.

Unexpected Reflections

Ah, coffee’s less than delicate path to wakefulness! Sitting at this table, delights of my beverage’s geographic history playing on my palette, I consider my response to my friend’s question: “where were you on Nine Eleven?”

An organ’s keys feel so much different than a piano or harpsichord. My church’s organist first let me sit at her bench around my tenth birthday. Both manuals felt powerful when looking up towards those pipes. Barely able to touch the pedals, I rocked on the bench to play the different scales she stated. She laughed as my tush nearly slid off the bench stretching for that highest note. Thoughts of music, especially organ, bring out the happiest of memories.

Early morning on September Eleventh, my wife and I dropped off our young son with a friend then rode the train into the City. Excited to meet with the music director and rector to discuss the opportunity to work on their Schlicker organ. And lovely to ride with my wife, having coffee in the Starbucks at the World Trade Center. Then, after a kiss, she stepped into the line for the elevator, away into oblivion.

The briefest of meetings, working through my playing a few services for their vacationing staff, most of my effort entailed plugging in dates into my calendar, grabbing copies of music, then parting. Not even twenty minutes, as they were busy, busy. I thought about running through a few pieces, as no one was in the space then, but opted to head back home. My earlier promise to pick up my son and take him to lunch called heavily. That happens when you miss an earlier date; the disappointed and continual reminders added a sense of urgency. I delighted that my music career, and my wife’s financial analytics career enabled me to, essentially, stay at home. Those disappointments hurt all the more.

Looking through the strange emotional tunnel of time, I thought I heard “something” as I walked toward my friends’ house. I puzzled when unable to use my cell phone, then noticed their home phone had no signal. Whipping the door open after I knocked, she asked if I’d heard from Kim, and that’s when I learned about the crashes, and the burning towers. Staring mindlessly at the TV, watching the smoke rise, then the buildings fall, and upon my useless phone, numbness hit. Though the briefest thought of “you should go home in case she tries calling” rose, it sank into the murky knowledge: she was gone.

My friend’s puzzled face brings me into myself. My silence too long. “I was in New York. Friends and loved ones died. Years later, it hurts.” His cringe stings gently and I smile. “Healing is funny. New love grows, the old loves becomes warm, with sepia tones. Through that, you learn what’s important.” Looking into my cup, ripples of darkness distort my reflection, bouncing back from the edges, their energy fading, and smile.

I really like our new listing in Everett : 2126 Rucker Ave

My team just listed this property. Situated in the desirable north Everett, it’s got a very nice view of Possession Sound. It needs a bit of work, but this classic Everett home comes laden with charm.



Fantastic kitchen has great wood cabinets, tile counter tops, eat up bar, and stainless steel appliances. Bonus for the cook as kitchen is supplied with stove top range and a second range mounted next to fridge. Spacious master bedroom has unique touch with tiny fireplace mounted like a painting. Beautiful mill work throughout the home gives rooms a nice solid touch of character. Excellent hardwood floors throughout main living spaces.  Home has natural gas for the stove top, furnace, fireplace, & hot water tank. Enjoy this 4 bedroom & 3.5 bathrooms. Sold-as-Is