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Maxwell Drever : Pros and Cons of Affordable Workforce Housing

Over the past decade or so, the concept of workforce housing (also known as public housing and social housing) has gained a lot of attention. This is due to the lower rates of rent that these housing units have as compared to similar properties on market rates. However, there is a catch: not everyone can rent these houses. In order to qualify for affordable workforce housing, the income of a household should be in the median range of the area’s income. According to Maxwell Drever, it is important to educate yourself about the concept of workforce housing. Even if you aren’t planning on renting a home, being aware can help you make investment decisions. Workforce housing has a lot of potential in the near future. And irrespective of which side of the fence you are on, you should know about the following pros and cons of workforce housing. Pros of Workforce Housing Maxwell Drever explains that affordable workforce housing can lead to social as well as economic benefits. Following are some reasons why it is beneficial in the short and long run. For the average middle-class citizen, the rent of… Read More »Maxwell Drever : Pros and Cons of Affordable Workforce Housing

Facts about New York City’s Rising Expenses that will Blow Your Mind

New York is one of the most famous cities in the world. You have probably heard New York is referred to as The Big Apple hundreds of times. The story behind this name is that the 1970s tourism campaign about this city was so successful that people couldn’t wait to see what was so special about it. There are plenty of great things about New York. However, one thing that makes living here tricky is the rising expenses Maxwell Drever, the Founder and Chairman of DCM says. Two things that New York is known for are wealthy residents, thanks to the booming job market in the city and high prices. In 2018, New York experienced its most significant boom after 70 years. Everything fuels New York’s job growth, from healthcare to securities, technology, business, and media. Here are some cool facts about New York that will blow your mind: New York Is the Only City in the World with Above 100 Billionaires According to the 2019 Billionaire Census report by Wealth-X, New York has 105 billionaires. No wonder the cost of living here is high because people can afford the… Read More »Facts about New York City’s Rising Expenses that will Blow Your Mind