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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsMillions Fear Evictions as Housing Crisis Worsens
https://politicalwire.com/2021/06/17/millions-fear-evictions-as-housing-crisis-worsens/Millions Fear Evictions as Housing Crisis Worsens
June 17, 2021 at 7:41 am EDT By Taegan Goddard
The studies come as a federal eviction moratorium is set to expire at the end of the month.
Chainfire
(17,559 posts)Their long term goal is to eliminate private home ownership for the working people. Corner the market! I read last week that one in three home sales are to entities that will not occupy the home. The people who are evicted will have a hell of a time even finding rentals, and when they do, the price will be higher than they were paying to buy. Less for more. Unrestrained Capitalism at its finest.
haele
(12,661 posts)And one of the largest owners of condos and single home rentals. They're notorious for buying up large rental unit properties and swallowing up struggling property management companies, then jacking rents and service fees up as much as they can (sometimes by 20% depending on state regulations) until they chase out all the lower income renters or force owners of rental properties to basically sell rental houses because fees are cutting into the owner's revenue.
BlackRock will buy those rental houses for cash, pricing out normal family buyers who want their own home, then continue renting out at a higher rate.
They're scum. And they also charge ridiculously high fees on the pension and other retirement products they "provide".
Haele
Klaralven
(7,510 posts)It has been pumping dollars into the economy (and pumping up housing prices) by buying mortgage backed securities.
jmbar2
(4,899 posts)For those who wish to get involved in advocacy for housing issues, the National Low Income Housing Coalition is very active right now in lobbying for infrastructure funding to preserve and build more affordable housing.
Most importantly, they are pushing for a National Housing Trust that would ensure that affordable housing that is built or preserved, does not end up being part of a speculative housing bubble, but remains affordable.
This is a very active and effective national advocacy. Please support their activities right now while so much infrastructure legislation is on the table.
http://nlihc.org/housed
Sympthsical
(9,081 posts)I've started getting acquainted with neighbors ever since I got vaccinated a few months ago. I moved into the neighborhood just as Covid was starting, so I really haven't engaged too much outside of people immediately around my place. Anyway, there's this one neighbor a block or so over. I'd run into her when walking to the gym, because I'd generally pass her place just as she was leaving to walk with a relatively new baby.
She seemed ok in passing at first. But, then my old social services spidey senses started tingling. I'm about 80% certain she may be a total sociopath. The more she shared about her life, the more I kept thinking, "Hoo boy." To the point I'd start leaving ten mins later or ten mins earlier just to avoid running into her. Her life is a whole crazy thing.
She started telling me how great the moratorium on evictions was. She hadn't paid rent since last spring. I raised an eyebrow. I cannot imagine rent on a house out here is even remotely cheap. But she seemed to take glee at this. Like she was pulling one over.
I have no idea how the moratoriums work. I thought we were still under one. I told her she should be careful. Inside my head, all I could think was, "Do you know how many people need this or they'd be completely screwed, and you're just screwing someone out of money just because you can?!" Oh, I was fuming every time she brought it up. Also, why was she telling me this? Is this something you really want a new neighbor to know about you? She cheerfully declared, "It's not like they can do anything to me!" with a shit-eating grin.
Cut to about two weeks ago. My early morning walk over, and lo and behold, sheriff's cars outside her house. The next morning, all her cars were parked out in the street instead of the driveway. I learned from her neighbors that two younger guys were illegally subletting rooms in the house - she had led them to believe she owned it. She was just pocketing their rents. Boy were they surprised when the sheriff showed up.
On my way home yesterday, there was a U-haul in the driveway.
I honestly don't know what she was expecting. I feel terrible for those two guys.
So many people are genuinely struggling to keep a roof, and she pulled that. I'm getting worked up just typing this out. She's the kind of person Republicans will point to, screaming, "See! People don't need this relief! They're just taking advantage!" Just like they're now doing about unemployment.
And Bay Area being its usual self, housing prices are going through the roof. How my house gained 18% in value, in one year, during a pandemic, is absolutely beyond me. What are people going to do if they get evicted? Shit's not getting any cheaper. If they can't afford things now due to pandemic related difficulty, what are they going to do after?
Sigh. This whole situation is about to suck for so many.
Doc Sportello
(7,522 posts)It's a crisis that's going mostly unreported on. There has been good reporting on the homelessness crisis but the takeover of the market by these large investors and the resulting reduction in overall life satisfaction for those affected is not getting anywhere the attention it deserves.