Yes, the rent is too damn high, according to the 2013 "Housing Landscape" report published last week by the Center for Housing Policy. The Center concluded that housing problems are getting worse for working renters, because, while incomes have gone—and stayed—down, rents have gone up —and are still going up.
Eighteen years after its founding, Dad’s Garage Theatre will soon be leaving its familiar Inman Park industrial-building home—but not by choice. In fact, the entire 3.4-acre, arrowhead-shaped parcel at Elizabeth Street and North Highland and Lake avenues—a site that also contains the popular Victory Sandwich Bar and several other businesses—is to be leveled to make room for a $45 million apartment and retail complex.
When it comes to building stuff, Atlanta’s got a great history of public-private partnership. Civic leaders come up with an idea, City Hall irons out the political wrinkles, and then Coke, Delta, the Home Depot, and other hometown companies contribute funding. It’s how Atlanta won the Braves and the Olympics. On the other hand, our track record of taking care of people in the process of building things—large venues in particular—is lousy.
So, according to the numbers-crunchers at Forbes, metro Atlanta is the sixteenth most miserable city in the country. Civic boosters should probably be thankful that the magazine dropped two of its misfortune indicators—pro sports and political corruption.
If you know people in New York, San Francisco, Boston or D.C., you've probably had some form of the "I can't believe how cheap it is to live in Atlanta" conversation.
I've read a lot of stories over the past year pointing out that, in several U.S. cities, it is now cheaper to buy a home than it is rent one. Because these sort of statistics are usually generated using city-wide averages, I assumed the "buying is cheaper than renting" condition was true only if you have good enough credit to obtain a mortgage at the lowest rates.
Last Thursday in Porterdale (approximately 35 miles east of Atlanta), Jean-Joseph and Angelica Kalonji arrived at their son's just-purchased home to change the locks for him. Vacant for seven months, the home and the 11 acres of land on which it sat were in foreclosure.