HomeAway, the leading Vacation Rental services rollup has recently hired two key silicon valley executives and may be vying a 2011 IPO. The company was valued at $1.4 Billion USD just a year and a half ago with revenues of $150 Million. Current revenus is now around $200m a year with some estimated $70m a year in pure profit.
Source: http://techcrunch.com/2010/07/14/homeaway-ramps-towards-ipo-with-two-key-hires/
It’s in, this year’s most expensive cities to live in list courtesy of Yahoo News:
1) Tokyo,Japan
Rank in 2009: 2
Food: Lunch at a restaurant: $18
Can of beer from grocer: $3.37
One kg of rice: $8.47
One dozen eggs: $3.78
Entertainment: Movie ticket: $22
Appliances: Washing machine: $879
2) Olso,Norway
Rank in 2009: 8
Food: Lunch at a restaurant: $43
Can of beer from grocer: $4.71
One kg of rice: $5.66
One dozen eggs: $6.72
Entertainment: Movie ticket: $16
Appliances: Washing machine: $880
3. Luanda, Angola
Rank in 2009: 1
Food: Lunch at a restaurant: $47
Can of beer from grocer: $1.62
One kg of rice: $4.73
One dozen eggs: $4.75
Entertainment: Movie ticket: $13
Appliances: Washing machine: $912
4. Nagoya, Japan
Rank in 2009: 3
Food: Lunch at a restaurant: $19
Can of beer from grocer: $3.08
One kg of rice: $9.14
One dozen eggs: $3.33
Entertainment: Movie ticket: $20
Appliances: Washing machine: $621
5. Yokohama, Japan
Rank in 2009: 4
Food: Lunch at a restaurant: $17.39
Can of beer from grocer: $3.26
One kg of rice: $6.54
One dozen eggs: $3.72
Entertainment: Movie ticket: $19.50
Appliances: Washing machine: $630
6. Stavanger, Norway
Rank in 2009: 14
Food: Lunch at a restaurant: $33
Can of beer from grocer: $4.76
One kg of rice: $5.71
One dozen eggs: $6.34
Entertainment: Movie ticket: $15.50
Appliances: Washing machine: $749
7. Kobe, Japan
Rank in 2009: 6
Food: Lunch at a restaurant: $16
Can of beer from grocer: $3.09
One kg of rice: $8.57
One dozen eggs: $2.81
Entertainment: Movie ticket: $20
Appliances: Washing machine: $470
8. Copenhagen, Denmark
Rank in 2009: 7
Food: Lunch at a restaurant: $36
Can of beer from grocer: $2.10
One kg of rice: $4.85
One dozen eggs: $6.99
Entertainment: Movie ticket: $15
Appliances: Washing machine: $1,196
9. Geneva, Switzerland
Ran in 2009: 9
Food: Lunch at a restaurant: $30
Can of beer from grocer: $2.02
One kg of rice: $3.81
One dozen eggs: $7.64
Entertainment: Movie ticket: $16
Appliances: Washing machine: $1,304
10. Zurich, Switzerland
Rank in 2009: 10
Food: Lunch at a restaurant: $25
Can of beer from grocer: $2.01
One kg of rice: $3.36
One dozen eggs: $5.81
Entertainment: Movie ticket: $16
Appliances: Washing machine: $974
The 5 most affordable cities to purchase a home are as follows:
1) Indianapolis, Indiana
Median home price: $96,000
Median income: $68,700
Affordability score: 94.9%
2) Youngstown, Ohio
Median home price: $69,000
Median income: $53,500
Affordability score: 94.9%
3) Syracuse, N.Y.
Median home price: $95,000
Median income: $64,300
Affordability score: 94.5%
4) Dayton, Ohio
Median home price: $88,000
Median income: $61,700
Affordability score: 94.4%
5) Grand Rapids, Mich.
Median home price: $102,000
Median income: $62,500
Affordability score: 93.7%
The top 5 least affordable places to purchase a home are as follows:
1) New YorkMedian home price: $426,000
Median income: $65,600
Affordability score: 20.9%
2) San FranciscoMedian home price: $585,000
Median income: $98,400
Affordability score: 23.4%
3) HonoluluMedian home price: $403,000
Median income: $81,700
Affordability score: 34.7%
4) Santa Ana, Calif.Median home price: $410,000
Median income: $87,300
Affordability score: 34.5%
5) Los AngelesMedian home price: $306,000
Median income: $62,900
Affordability score: 35.9%
The number one free vacation rental website keeps getting bigger. Free-Rentals.com just crossed the 300k mark in terms of Alexa traffic rank, making it the largest free vacation rental website online. Thank you to everyone for your participation, it’s only with the help of vacation rental home owners that we can take this industry back and put it into the hands of the vacation rental home owners.
The Playa Potrero vacation rental listing on Free-Rentals.com called Lazy Pelican Cabinas signed up for our advertising services last year and paid $169 USD for a 6 month PPC campaign.
Below are the results of this campaign. We paid out a total of $138 USD to drive targeted traffic to their listing. Over the timespan, we drove 637 targeted prospects to the Lazy Pelican rental listing. In addition, we promoted the Lazy Pelican via Craigslit, Kajiji and other free classified portals.
In all, we sent over 1200 targetted visitors to view this vacation rental at a rate of just 14 cents per prospect.
We are pleased to announce that free-rentals.com now has 7000 Vacation Rental listings worldwide. Free-Rentals.com is now the largest vacation rental directory website offering owners a 100% free to advertise opportunity.
When planning your next urban vacation rental, you may want to know which cities have the highest population density. Here is a list of the top 25 cities with the highest population densities.
1. Seoul - 10,231,217
2. São Paulo - 10,009,231
3. Mumbai - 9,925,891
4. Jakarta - 9,373,900
5. Karachi - 9,339,023
6. Moscow -8,297,056
7. Istanbul - 8,260,438
8. Mexico City - 8,235,744
9. Shanghai - 8,214,384
10. Tokyo - 8,130,408
11. New York City - 8,008,278
12. Bangkok - 7,506,700
13. Beijing - 7,362,426
14. Delhi - 7,206,704
15. London - 7,074,265
16. Hong Kong - 6,843,000
17. Cairo - 6,800,992
18. Tehran - 6,758,845
19. Santafé - 6,422,198
20. Lima -6,414,500
21. Bandung - 5,919,400
22. Tianjin - 5,855,044
23. Rio de Janeiro - 5,613,897
24. Lahore - 5,143,495
25. Bogor - 5,000,100
Tenants pay the lowest rents in the USA per the following cities:
Columbus, OH - Median rent is $626 a month.
Indianapolis, IN - Median rent is $634 a month.
Kansas City, MO. - $655
San Antonio, TX - $662
Cincinnati, OH - $668
Saint Louis, MO - $679
Cleavland, OH - $702
Houston, TX - $707
Dallas, TX - $716
Salt Lake City, UT - $726
Source: Forbes.com
The verdict is in in. Tenants pay the highest rents in the USA by a significant margin in the following cities:
New York City, NY - Median rent is $2,922 a month.
San Francisco Bay Area, CA - Median rent is $1,904 a month.
Boston, MA - $1,658
San Jose, CA - $1,612
Los Angeles, CA - $1,452
San Diego, CA - $1,304
Washington DC - $1,302
Miami, FL - $1,080
Philadelphia, PA - $1,014
Chicago, IL - $1,010
Source: Forbes.com