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Testimony to resume as Trump trial enters its 4th week
The fourth week of Donald Trump’s criminal trial in New York begins Monday as prosecutors look to build on emotional testimony from an ex-aide to the former president.
Hope Hicks, Trump’s top communications aide from 2015 to early 2018, testified on Friday about how she and others in Trump’s orbit handled revelations about the “hush money” payments made to two women before the election.
Hicks became choked up on the stand after acknowledging that Trump seemed concerned about how allegations related to adult film star Stormy Daniels might have affected his electability.
She recalled his reaction to news of a payout to Daniels coming out in 2018, when he was president.
“He wanted to know how it was playing, and just my thoughts and opinion about this story versus having a different kind of story before the election had Mr. Cohen not made that payment,” she remembered. “I think Mr. Trump’s opinion was it was better to be dealing with it now, and it would have been bad to have that story come out before the election.”
Trump is charged with 34 counts of falsifying business records related to reimbursements to his former lawyer Michael Cohen, who paid $130,000 to Daniels in exchange for her silence about allegations of a sexual encounter with Trump. He has pleaded not guilty and denies having sex with Daniels.
Prosecutors have not said who they’ll next call to the stand. Court reconvenes at 9:30 a.m.
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CNN links disturbing forum posts to North Carolina GOP nominee for governor
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No evidence Biden team replied to Iranian hackers, officials say
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Built-to-rent communities a growing U.S. trend amid sky-high housing costs
As housing costs skyrocket and the demand for affordable homes surges, builders across the U.S. are constructing entire blocks of single-family homes specifically designed for renters. These so-called built-to-rent communities can offer another option for those who want a home but cannot afford to buy one.
Texas resident Richard Belote says his rented home 90 minutes from Houston is a “good stepping stone, because interest rates are “just too high to manage.” Despite saving diligently to buy a home, he and his fiancee feel priced out of their house hunt.
“Just really kind of crossing our fingers that those rates go down,” he said.
Belote is far from alone.
A July CNN poll found 86% of renters say they can’t afford to buy a home and 54% say they believe it’s unlikely they’ll ever be able to. However, another poll found 81% of renters want to own a residence in the future.
“House prices have gone up by more than 40% in just four years,” said CBS News business analyst Jill Schlesinger. “There are a lot of people out there who really, really want to be in homes, and they just can’t afford to get there,” Schlesinger said.
Built-to-rent communities began in Phoenix during the Great Recession to meet that demand. They are higher density and smaller cottage-sized homes — a literal cottage industry now spreading in cities across the Sunbelt, including Phoenix, Atlanta and Dallas.
Brent Long leads the build-to-rent expansion for Christopher Todd Communities in Arizona. He says the renters range in age from Gen Z to Baby Boomers.
“It’s really renters by choice and renters by need,” Long said.
When asked if the concept goes against a more traditional view of buying a home to achieve the American Dream, Long said, “I don’t think it takes it away. It solves some issues that are out there in terms of affordability, availability.”
Cassie Wilson rents by choice in Phoenix, Arizona. She says the “perfect” arrangement allows her to enjoy many amenities without the homeownership responsibilities.
“I can live here in a house that is fully up kept by someone else. I would like to buy a house out here. But on the flip side, I still want to travel,” Wilson said.
Though a growing industry, these built-to-rent communities made up only 7.9% of new residential constructions last year, according to Arbor Realty Trust.
Arizona housing advocates warn that the properties are not enough to push prices down, but welcome anything that helps to address the housing shortage.
Back in Texas, Belote said he wakes up every morning and enjoys his backyard with the dogs and his cup of coffee. It’s a home-sweet-home as he waits for a break in the housing market.