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A job, a gig and a hustle

~ how creative people make do

A job, a gig and a hustle

Tag Archives: renters

Rent equity

12 Tuesday Jan 2016

Posted by DW in New Orleans

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renters

Build equity while you rent

Renters around the country are financially and physically vulnerable. While half of them pay more than 30 percent of their income in rent, according to the Center for American Progress, they have nothing to show for it on the other end compared to homeowners, who build equity as they pay down their mortgages. Renting Partnerships gives Cincinnati renters a third option: Build equity through social capital. In exchange for fulfilling commitments in an equity lease agreement—like work assignments on the property, timely payment of rent, and participating in resident meetings—renters earn financial credits. Money saved by low turnover is invested in a financial fund. After five years, renters can exchange credits for cash. Renters can earn a maximum of $10,000 over 10 years. While Renting Partnerships has been a stand-alone nonprofit since 2012, its equity experiment stretches back to 2002—enough time to see how this model provides renters with greater control over housing conditions and inspires them to engage more with their community. Landlords benefit from property improvements and high occupancy, and the City of Cincinnati welcomes more stable residents into full civic participation. And the movement is spreading. This summer, a version of the program tailored for local artists launched in Cleveland.

Word origins

job
1557, in phrase jobbe of worke , perhaps a variant of gobbe "mass, lump" (c.1400, see gob). Sense of "work done for pay" first recorded 1660. On the job "hard at work" is from 1882. Jobber "one who does odd jobs" is from 1706.

gig
1570 "light carriage, small boat." A job usually for a specified time; especially : an entertainer's engagement, first known use 1926

hustle
"To get in a quick, illegal manner" is 1840 in Amer.Eng.; "to sell goods aggressively" is 1887. The noun sense of "illegal business activity" is first recorded 1963 in Amer.Eng.

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African-American organizing airbnb Alton Sterling Banking barter Baton Rouge Big Freedia Bill Lavender Blue Linen Night book review buskers capitalism Carrie Brownstein Cheryl Gerber Cleveland model COVID-19 DIY Doreen Ketchens drinking culture Evergreen Cooperatives Fensterstock festivals French Quarter Gawker Ghalib gig housing hustle illegal economy informal economy intellectual property interviews Introduction Jackson Square job Katy Reckdahl labor organizing MACCNO makerculture makerspace Mardi Gras Indians Marx Mr. Chill Music Under New York New Orleans New York City Nicole Sallak Anderson outsider culture police Reckdahl renters Rich Campanella Rifkin RIP Scotty Cathcart Hill street vending Sweden unemployment Universal basic income Wandergesellen work Xavier Review

book reviews collaborative commons cooperatives entrepreneurs gig hustle interview job labor musicians New Orleans people photos ruthless growth U.S. economic policy

Tags

African-American organizing airbnb Alton Sterling Banking barter Baton Rouge Big Freedia Bill Lavender Blue Linen Night book review buskers capitalism Carrie Brownstein Cheryl Gerber Cleveland model COVID-19 DIY Doreen Ketchens drinking culture Evergreen Cooperatives Fensterstock festivals French Quarter Gawker Ghalib gig housing hustle illegal economy informal economy intellectual property interviews Introduction Jackson Square job Katy Reckdahl labor organizing MACCNO makerculture makerspace Mardi Gras Indians Marx Mr. Chill Music Under New York New Orleans New York City Nicole Sallak Anderson outsider culture police Reckdahl renters Rich Campanella Rifkin RIP Scotty Cathcart Hill street vending Sweden unemployment Universal basic income Wandergesellen work Xavier Review

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