Rent vs buy. Renting is like buying an insurance policy against maintenance; renters have no liability for regular maintenance costs, equipment failures, or catastrophes such as storms or floods. The...Estimate The Cost Of Renting Vs. Buying Occasionally, renting can be cheaper than buying a home because of the upfront costs involved. This includes a down payment, closing costs, moving costs, any renovations and other home maintenance tasks.May 4, 2023 · Buy vs. Rent: A Comparison of Housing Costs in U.S. Cities – 2023 Study | SmartAsset.com With the right combination of economic factors, mortgage costs can actually be cheaper than rent in some U.S. cities. Menu burger Close thin Facebook Twitter Google plus Linked in Reddit Email arrow-right-sm arrow-right Loading Home Buying Calculators Mar 9, 2022 · Renting is like buying an insurance policy against maintenance; renters have no liability for regular maintenance costs, equipment failures, or catastrophes such as storms or floods. The... The Buying vs. Renting Bottom Line Buying vs. Renting You can get some money back or even make money off your apartment by owning your home in simpler terms. By owning your home, you have the potential for capital appreciation, tax deduction, and property taxes. Factoring in the home mortgage interest deduction in making the decision to buy or rent is complicated. While the tax deduction may help make the monthly payment affordable, remember the amount of your interest will go down over the life of your mortgage, and so the tax deduction will also go down. For some buyers, having the deduction will ...Use this rent vs. buy calculator to get an estimate. This rent vs. buy calculator provides customized information based on the information you provide. But, it also makes some assumptions about mortgage insurance and other costs, which can be significant. It will help you determine whether buying a home is a better deal than renting. Rates. Compare up-to-date mortgage rates and find one that's right for you. 30-Year Fixed 6.93%. 15-Year Fixed 6.13%. 5-Year ARM 6.31%. Find all mortgages in Shiloh, OH. Advertising disclosure ...Jul 30, 2022 · Whether you choose to rent or buy your home depends on your financial situation, lifestyle, and personal goals. Both provide you with a place to live and require regular income in order to make... I think buying is always better than renting because if you rent a house for too long, the total money of the renting exceeds the buying cost of the house eventually. Why is rent better sometimes? • 10 comments ( 150 votes) Flag James Buckhorn 5 years agoShare. If there’s a building in America, a local government has decided the number of parking spaces it needs. San Jose at one point required miniature golf …People who sell long-term homes may be subject to taxes. Renting may be a better option for people who are relocating. Renting may also make sense for people who make multiple moves in retirement ...Summary of methodology Our methodology compares the net present value of renting with the net present value of buying after five steps assuming that we have ¥1,100,000 now before rent or buy. Here is the summary: …Buying and renting each have their own costs to consider - and this can make the difference between becoming a renter or a homeowner. To buy, you'll need enough money in the bank to afford a down payment and closing costs. How much that will be depends on your home loan, your lender, housing market, and more.This rent vs. buy calculator provides customized information based on the information you provide. But, it also makes some assumptions about mortgage insurance and other costs, which can be significant. It will help you determine whether buying a home is a better deal than renting. Calculator helpBuying and renting each have their own costs to consider - and this can make the difference between becoming a renter or a homeowner. To buy, you'll need enough money in the bank to afford a down payment and closing costs. How much that will be depends on your home loan, your lender, housing market, and more.Your rent payment is the money you pay to your landlord each month. Loan amount The loan amount is the amount of money you plan to borrow from a lender. Security deposit A security deposit is the... Aug 11, 2020 · The rent-vs.-buy argument may never be settled for everyone, but you have the power to decide what you really want. 10 Reasons You'll Regret Buying a House With a Swimming Pool This article was... May 4, 2023 · Buy vs. Rent: A Comparison of Housing Costs in U.S. Cities – 2023 Study | SmartAsset.com With the right combination of economic factors, mortgage costs can actually be cheaper than rent in some U.S. cities. Menu burger Close thin Facebook Twitter Google plus Linked in Reddit Email arrow-right-sm arrow-right Loading Home Buying Calculators Jul 30, 2022 · Whether you choose to rent or buy your home depends on your financial situation, lifestyle, and personal goals. Both provide you with a place to live and require regular income in order to make... Oct 27, 2022 · Renting provides much more flexibility. However, if you have returned to the office, either full-time or partially, and assume you’ll remain in your current job for a few years, then buying... Jul 30, 2022 · Whether you choose to rent or buy your home depends on your financial situation, lifestyle, and personal goals. Both provide you with a place to live and require regular income in order to make... May 2, 2017 · Factoring in the home mortgage interest deduction in making the decision to buy or rent is complicated. While the tax deduction may help make the monthly payment affordable, remember the amount of your interest will go down over the life of your mortgage, and so the tax deduction will also go down. For some buyers, having the deduction will ... Here are six pros to renting a home vs buying that may be concerns for you: 1. Your monthly housing payments may be cheaper. The typical monthly mortgage …Summary of methodology Our methodology compares the net present value of renting with the net present value of buying after five steps assuming that we have ¥1,100,000 now before rent or buy. Here is the summary: …Rent or buy comparison calculator This calculator shows you how your finances will look seven years after buying a home or continuing to rent, allowing you to make an informed decision between the two. Renting Weekly Rent $ 0.00 Quarterly Electricity Bill $ 0.00 Quarterly Gas Bill $ 0.00 Quarterly Water Bill $ 0.00 Current Savings $ 0.00Jul 29, 2022 · Buying makes sense if you’re ready for the long-term commitment and financial stability that comes with homeownership. On the other hand, renting may be the better choice if your job keeps relocating, or if you’re just not ready for home maintenance and repair duties yet. Rates. Compare up-to-date mortgage rates and find one that's right for you. 30-Year Fixed 6.93%. 15-Year Fixed 6.13%. 5-Year ARM 6.31%. Find all mortgages in Shiloh, OH. Advertising disclosure ... Buying and renting each have their own costs to consider - and this can make the difference between becoming a renter or a homeowner. To buy, you'll need enough money in the bank to afford a down payment and closing costs. How much that will be depends on your home loan, your lender, housing market, and more.The upfront costs of renting and buying are dramatically different. You may have to pay an application fee and security deposit to move in as a renter. Buying a …Rental Listings 4,200 results Sort: Newest Berkshire Ninth Street | 749 9th St, Durham, NC $1,602+ Studio $1,808+ 1 bd $2,673+ 2 bds Updated today NOVEL Cary by Crescent Communities | 200 Henry Hill St, Cary, NC $1,575+ Studio $1,810+ 1 bd $2,265+ 2 bds $2,635+ 3 bds Updated today Loading... The state of the housing market and housing availability can both be big factors when it comes to the rent vs buy decision. If prices are sky high and going higher, you may want to wait (rent ...Oct 31, 2022 · Here is how to decide whether to buy or rent a home for retirement: People who sell long-term homes may be subject to taxes. Renting may be a better option for people who are relocating.... Realtor.com® can help you make the best home finance decision with our useful rent vs. buy calculator, which helps you estimate the difference between renting a property or buying a home over...You’ll need to come up with a down payment and cover the closing costs of your loan. Say you are taking out a mortgage of $375,000, a down payment of 5% would cost $18,750. Closing costs on a loan usually average from 2% to 6%, so you’d pay from $7,500 to $18,750 to close that same loan.Apr 26, 2022 · Homeownership has long been a sign of success, but comparing renting to buying isn't all that clear cut. Renting is less capital intensive, and it gives you the freedom to move when you please. But buying a home will help you build equity and wealth. Aug 11, 2020 · The rent-vs.-buy argument may never be settled for everyone, but you have the power to decide what you really want. 10 Reasons You'll Regret Buying a House With a Swimming Pool This article was... Last but not least, renting is less expensive than buying. Renters typically pay less for different amenities, housing fees, etc., than buyers. Again, whether you should buy or rent will influence your financial status and other circumstances. Rent or buy? Renting a home has a lower opportunity cost than buying one.2 days ago · Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. This week’s episode starts with a discussion on the future of college debt. Then we pivot to this ... ludlow kyfreda lane lowell masouth glens falls You buy for cash when interest rates are high. When the million dollar house is up for rent, it does not rent for $3K, it rents at a price commensurate with market sale value considering a cap rate. 3% cap rate at the time of purchase is what you expect to rent it for. Remember rental houses are owned by somebody.Your rent payment is the money you pay to your landlord each month. Loan amount The loan amount is the amount of money you plan to borrow from a lender. Security deposit A … delton mi Renting vs. Buying (detailed analysis) (Khan Academy, 2011) A detailed model, including a downloadable spreadsheet, that factors many of the considerations. Rent vs Buy (realtor.com®) The Realtor.com Rent vs Buy Report compares median monthly costs of renting and buying relative to median income in 3,143 US counties. 520 brickell key dr You Can Do Anything You Want With the Property. Appreciation Benefits, Including Leverage of Cash invested. Tax Benefits. Mortgage Costs Stay the Same as Rents Rise. Forced Savings. For many people, owning a home makes more sense financially and from a lifestyle perspective than renting a home. Below are the top reasons people buy instead of ...Your rent payment is the money you pay to your landlord each month. Loan amount The loan amount is the amount of money you plan to borrow from a lender. Security deposit A security deposit is the... The upfront costs of renting and buying are dramatically different. You may have to pay an application fee and security deposit to move in as a renter. Buying a … rancho bonitoRent Vs Buy: 22 Things To Consider Before You Choose | Canstar To rent or to buy? We weigh up some of the pros and cons of renting, buying or doing both … sagola mi Oct 31, 2022 · People who sell long-term homes may be subject to taxes. Renting may be a better option for people who are relocating. Renting may also make sense for people who make multiple moves in retirement ... The Rent vs. Buy Calculator uses the everyday costs of renting and buying to compute and refine results. We included ongoing payments for rent and renter’s insurance and a one-time security deposit.Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. This week’s episode starts with a discussion on the future of …You can also use the realtor.com® rent vs. buy calculator to see if the cost of homeownership is actually a better deal than renting given your location and budget. 2. … aria beach apartments Estimate The Cost Of Renting Vs. Buying Occasionally, renting can be cheaper than buying a home because of the upfront costs involved. This includes a down payment, closing costs, moving costs, any renovations and other home maintenance tasks.Mar 9, 2022 · Renting is like buying an insurance policy against maintenance; renters have no liability for regular maintenance costs, equipment failures, or catastrophes such as storms or floods. The... According to the Buy vs. Rent Index from researchers at Florida International University, as of March 2022, renting is a better financial decision than buying a home in 17 out of 23 major metropolitan areas. Assuming that the renter uses the money they would have otherwise spent on a home to invest, renting a property in those 17 … 98056 This rent vs. buy calculator provides customized information based on the information you provide. But, it also makes some assumptions about mortgage insurance and other costs, which can be significant. It will help you determine whether buying a home is a better deal than renting. Calculator help The landlord pays for many utilities such as water, sewer, garbage, and in some cases heat and hot water as well. Reasons to Buy There are … homes for rent in new braunfels It's Cheaper Than Renting If you stay put in your house for more than five years, owning is generally a better deal than renting. A rent vs. buy study by the listing site Trulia found that in cities such as Miami, New Orleans and Oklahoma City, buying is nearly 50 percent cheaper than renting, assuming you stay in the same home for seven years.Mar 14, 2023 · You’ll need to come up with a down payment and cover the closing costs of your loan. Say you are taking out a mortgage of $375,000, a down payment of 5% would cost $18,750. Closing costs on a loan usually average from 2% to 6%, so you’d pay from $7,500 to $18,750 to close that same loan. 2700 north main street Should they rent or buy? But to kick things off, we're taking a look at the future of college debt. No, not whether cancellation is actually going to happen. Although, the odds are not looking...May 8, 2023 · You don't need to wait for the landlord's approval. Additionally, this enhances the psychological and financial advantages. Renting a home prevents it from becoming an asset, whereas buying one is the best investment because it lasts a lifetime. Also, when real estate prices rise over time, you benefit from the higher market worth. castle hill the bronx Realtor.com® can help you make the best home finance decision with our useful rent vs. buy calculator, which helps you estimate the difference between renting a property or buying a home over... The realtor.com® rent vs. buy calculator is a tool to help you compare the cost of renting or buying a home over time. Because buying a home is one of the biggest financial decisions you will ...Jul 12, 2022 · Renters are 89.9% more likely than homeowners to be behind on housing payments (rent vs. mortgage payments). The renter:owner ratio is 50.1%, its lowest since 2010 (49.56%). Historically, the lowest renter:owner ratio was 44.9% in 2004. The renter:owner ratio hit its 182.1% historic high in 2019. In order to be approved for a mortgage, you will need at least 5% of the purchase price as a down payment if your purchase price is within $500,000. If your purchase price is between $500,000 and $1,000,000, your minimum down payment is 5% of the first $500,000 and 10% of the price between $500,000 and $1,000,000.To weigh costs within your own city and budget, use SmartAsset’s calculator to determine whether you should rent or buy. Key Findings: Florida cities dominate the top 10 places where homes are cheapest to buy relative to renting. These cities include Deltona, Palm Bay, Kissimmee, Palm Coast, North Port and Port St. Lucie. hideaway tx To weigh costs within your own city and budget, use SmartAsset’s calculator to determine whether you should rent or buy. Key Findings: Florida cities dominate the top 10 places where homes are cheapest to buy relative to renting. These cities include Deltona, Palm Bay, Kissimmee, Palm Coast, North Port and Port St. Lucie.Mar 9, 2022 · Renting is like buying an insurance policy against maintenance; renters have no liability for regular maintenance costs, equipment failures, or catastrophes such as storms or floods. The... homes for sale in toledo ohio When you rent, your landlord is generally responsible for the property and takes on the risks. When you buy, you take on these risks and responsibilities. One resource you might consider using is The New York Times’ free “Is It Better to Rent or Buy?" calculator .The renter starts out paying $800 per month with annual increases of 5% The homeowner purchases a home for $110,000 and pays a monthly mortgage of $1,000. After 6 years, the homeowner's payment is lower …May 22, 2014 · If you can rent a similar home for less than per month, then renting is better. Buying is better, even if you could rent for free. If you can rent a similar home for less than ...... Your rent payment is the money you pay to your landlord each month. Loan amount The loan amount is the amount of money you plan to borrow from a lender. Security deposit A security deposit is the... 2150 s arizona ave May 8, 2023 · Last but not least, renting is less expensive than buying. Renters typically pay less for different amenities, housing fees, etc., than buyers. Again, whether you should buy or rent will influence your financial status and other circumstances. Rent or buy? Renting a home has a lower opportunity cost than buying one. You’ll need to come up with a down payment and cover the closing costs of your loan. Say you are taking out a mortgage of $375,000, a down payment of 5% would cost $18,750. Closing costs on a loan usually average from 2% to 6%, so you’d pay from $7,500 to $18,750 to close that same loan.You buy for cash when interest rates are high. When the million dollar house is up for rent, it does not rent for $3K, it rents at a price commensurate with market sale value considering a cap rate. 3% cap rate at the time of purchase is what you expect to rent it for. Remember rental houses are owned by somebody. 22 franklin st You don't need to wait for the landlord's approval. Additionally, this enhances the psychological and financial advantages. Renting a home prevents it from becoming an asset, whereas buying one is the best investment because it lasts a lifetime. Also, when real estate prices rise over time, you benefit from the higher market worth.The state of the housing market and housing availability can both be big factors when it comes to the rent vs buy decision. If prices are sky high and going higher, you may want to wait (rent ...The landlord pays for many utilities such as water, sewer, garbage, and in some cases heat and hot water as well. Reasons to Buy There are … ruther glen va 22546 When you rent vs. buy, you get a roof over your head but the payments go toward building your landlord’s equity. In affordable housing markets, it can be less expensive to buy than rent in...This rent vs. buy calculator provides customized information based on the information you provide. But, it also makes some assumptions about mortgage insurance and other costs, which can be significant. It will help you determine whether buying a home is a better deal than renting. Calculator help mls listings maine If you're a small business in need of assistance, please contact [email protected] You buy for cash when interest rates are high. When the million dollar house is up for rent, it does not rent for $3K, it rents at a price commensurate with market sale value considering a cap rate. 3% cap rate at the time of purchase is what you expect to rent it for. Remember rental houses are owned by somebody. 5021 seminary rd You can also use the realtor.com® rent vs. buy calculator to see if the cost of homeownership is actually a better deal than renting given your location and budget. 2. …If you’re looking to get a new car, you might consider leasing it instead of buying it outright. While car leases typically come with lower monthly payments, you won’t actually own the car....May 22, 2014 · If you can rent a similar home for less than per month, then renting is better. Buying is better, even if you could rent for free. If you can rent a similar home for less than ...... redbud lane This rent vs. buy calculator provides customized information based on the information you provide. But, it also makes some assumptions about mortgage insurance and other costs, which can be significant. It will help you determine whether buying a home is a better deal than renting. Calculator help Aug 20, 2021 · The 1% rule basically says to purchase a rental property only if each month’s rent covers 1% of the purchase price. So if a home is listed at $200,000, you need to bring in at least $2,000 in monthly rent for it to make sense. This is easier said than done. The 2% rule is a lot less forgiving, doubly less in fact. Buy vs. Rent: A Comparison of Housing Costs in U.S. Cities – 2023 Study | SmartAsset.com With the right combination of economic factors, mortgage costs can actually be cheaper than rent in some U.S. cities. Menu burger Close thin Facebook Twitter Google plus Linked in Reddit Email arrow-right-sm arrow-right Loading Home Buying …Nov 17, 2022 · Both renting and buying a home typically require a steady income to cover monthly expenses. Renting a home has lower upfront costs than buying one, and landlords usually handle repairs and maintenance. Buying a home offers stability and potential tax benefits that renting does not. 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In this video we break down the considerations that go into calculating whether renting a house or buying a house is the best choice for someone. Created by Sal Khan.The Buy vs. Rent Index’s figures for the first quarter show that home prices are above their long-term average in some markets, including Portland, Pittsburgh and Miami. That means consumers...Rents are less affordable for single people than any time in ten years – accounting for 35% of their income. Meanwhile, rental prices are also shooting up, meaning tenants have less disposable...Jul 30, 2022 · Whether you choose to rent or buy your home depends on your financial situation, lifestyle, and personal goals. Both provide you with a place to live and require regular income in order to make... what does contingent mean on realtor comYou Can Do Anything You Want With the Property. Appreciation Benefits, Including Leverage of Cash invested. Tax Benefits. Mortgage Costs Stay the Same as Rents Rise. Forced Savings. For many people, owning a home makes more sense financially and from a lifestyle perspective than renting a home. Below are the top reasons people buy instead of ... You’ll need to come up with a down payment and cover the closing costs of your loan. Say you are taking out a mortgage of $375,000, a down payment of 5% would cost $18,750. Closing costs on a loan usually average from 2% to 6%, so you’d pay from $7,500 to $18,750 to close that same loan.Buying has almost always been favored over renting when it comes to housing. For some, renting is considered “throwing money away” while buying is an “investment.” The truth is, the answer... 520 samuels ave Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. This week’s episode starts with a discussion on the future of college debt. 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Renting leaves you with $41,543 in your pocket (including the money you didn't spend on a down payment). Gain: After 4 years, if you buy, your home will have $79,736 in equity (available to you when you sell). However, if you instead rent and invest your down payment and the other money you save, at a 6% return rate it will earn around $7,151 ...Mar 9, 2022 · Renting is like buying an insurance policy against maintenance; renters have no liability for regular maintenance costs, equipment failures, or catastrophes such as storms or floods. The... Renting is like buying an insurance policy against maintenance; renters have no liability for regular maintenance costs, equipment failures, or catastrophes such as storms or floods. The... pondview estates You’ll need to come up with a down payment and cover the closing costs of your loan. Say you are taking out a mortgage of $375,000, a down payment of 5% would cost $18,750. 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Top 5 Reasons To Buy vs. Rent [SlideShare] In this article: You Can Do Anything You Want With the Property Appreciation Benefits, Including Leverage of Cash invested Tax Benefits Mortgage Costs Stay the Same as Rents Rise Forced Savings For many people, owning a home makes more sense financially and from a lifestyle perspective than renting a home. verde vista apartments Should they rent or buy? But to kick things off, we're taking a look at the future of college debt. No, not whether cancellation is actually going to happen. Although, the odds are not looking...You don't need to wait for the landlord's approval. Additionally, this enhances the psychological and financial advantages. Renting a home prevents it from becoming an asset, whereas buying one is the best investment because it lasts a lifetime. 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This week’s episode starts with a discussion on the future of …Top 5 Reasons To Buy vs. Rent [SlideShare] In this article: You Can Do Anything You Want With the Property Appreciation Benefits, Including Leverage of Cash invested Tax Benefits Mortgage Costs Stay the Same as Rents Rise Forced Savings For many people, owning a home makes more sense financially and from a lifestyle perspective than renting a home.Mar 14, 2023 · When you buy a home, you’ll need to pay for maintenance, repairs, property taxes and homeowners insurance. When you rent, you have less control over your monthly payment. At the end of your lease, your landlord could boost your monthly rent. You also lose out on the chance to build equity, a benefit you do get when buying a home. homes for sale darien ct Here are six pros to renting a home vs buying that may be concerns for you: 1. Your monthly housing payments may be cheaper. The typical monthly mortgage …Estimate The Cost Of Renting Vs. Buying Occasionally, renting can be cheaper than buying a home because of the upfront costs involved. This includes a down payment, closing costs, moving costs, any renovations and other home maintenance tasks.Renting leaves you with $41,543 in your pocket (including the money you didn't spend on a down payment). Gain: After 4 years, if you buy, your home will have $79,736 in equity …House price/Annual rent. If the result is 21+ renting is better Between 16-20 it’s a toss-up less than 16 is a vote to buy Using our number: $330,000/$24,000 = 13.75 This says we should buy, or in our case stay put. 2. Monthly rent x 110 = house price. If the house costs more, rent. If less, buy. $2000 x 110 = $220,000. 17 winter street For the “rent” scenario, we measured the median monthly rent for a three bedroom home in each county. For the “buy” scenario, we used the following parameters: an annual 30 year fixed mortgage with an annual interest rate of 4.5%, closing costs of $2,000 and a down payment of 20%.This rent vs. buy calculator provides customized information based on the information you provide. But, it also makes some assumptions about mortgage insurance and other costs, which can be significant. It will help you determine whether buying a home is a better deal than renting. Calculator helpRental Listings 4,200 results Sort: Newest Berkshire Ninth Street | 749 9th St, Durham, NC $1,602+ Studio $1,808+ 1 bd $2,673+ 2 bds Updated today NOVEL Cary by Crescent Communities | 200 Henry Hill St, Cary, NC $1,575+ Studio $1,810+ 1 bd $2,265+ 2 bds $2,635+ 3 bds Updated today Loading... 33415 According to the Buy vs. Rent Index from researchers at Florida International University, as of March 2022, renting is a better financial decision than buying a home in 17 out of 23 major metropolitan areas. Assuming that the renter uses the money they would have otherwise spent on a home to invest, renting a property in those 17 … jill weathers As of the first quarter of 2022, the average car lease payment was $522—$126 less than the average auto loan payment of $648 for a new car, according to Experian. In addition to monthly payments ...You buy for cash when interest rates are high. When the million dollar house is up for rent, it does not rent for $3K, it rents at a price commensurate with market sale value considering a cap rate. 3% cap rate at the time of purchase is what you expect to rent it for. Remember rental houses are owned by somebody. houses for sale jamestown nd 2 days ago · Should they rent or buy? But to kick things off, we're taking a look at the future of college debt. No, not whether cancellation is actually going to happen. Although, the odds are not looking... Buy vs. Rent: A Comparison of Housing Costs in U.S. Cities – 2023 Study | SmartAsset.com With the right combination of economic factors, mortgage costs can actually be cheaper than rent in some U.S. cities. Menu burger Close thin Facebook Twitter Google plus Linked in Reddit Email arrow-right-sm arrow-right Loading Home Buying …Five economists weigh in on what you should do. In last week’s column, I poked a hornet’s nest by refusing to give the standard financial advice that it is always better to buy a home, rather ... houses in foreclosure Solutions from Rent vs buy, Inc. Yellow Pages directories can mean big success stories for your. rent vs buy White Pages are public records which are documents or pieces of information that are not considered confidential and can be viewed instantly online. me/rent vs buy If you're a small business in need of assistance, please contact [email protected]