Housing Bubble 2: Return of the Ugly
- This land is my land, this land's not your land.
cross-posted from: https://lemmy.dbzer0.com/post/30235756
> Liberals are - as is so often the case - on the wrong side of history
- Federal agents search the home of Frank Sinito, CEO of Millennia. Millennia is one of the nation's largest owners of affordable housing. Feds cited $4.9 million 'improperly taken' from his propertieswww.news5cleveland.com Federal agents search the home of Frank Sinito, CEO of Cleveland-based Millennia
The agents were from HUD and the USDA - two agencies that provide financing for affordable housing projects. Millennia is one of the nation's largest owners of affordable housing.
- Florida's insurers deny over 37,000 hurricane claimswww.newsweek.com Florida's insurers deny over 37,000 hurricane claims
Hurricanes Helene and Milton have resulted in hundreds of thousands of insurance claims being made.
- Maine Mayor on Property Tax Hikes: "Seniors may want to consider a reverse mortgage"www.themainewire.com Maine Mayor on Property Tax Hikes: "Seniors may want to consider a reverse mortgage"
Amid discussion regarding recent property tax hikes at a South Portland City Council meeting last month, Mayor Misha Pride suggested that elderly residents living on a fixed income may want to consider reverse mortgaging their homes to manage the growing tax burden. [RELATED: South Portland Resident...
- The end of landlords: the surprisingly simple solution to the UK housing crisiswww.theguardian.com The end of landlords: the surprisingly simple solution to the UK housing crisis
Mass-scale housebuilding isn’t necessary – there is already enough housing stock. But we need to learn the wisdom of the last century when it comes to landlordism
- Ottawa to cut immigration targets in a major policy reversalwww.theglobeandmail.com Ottawa to cut immigration targets in a major policy reversal
Federal government plans to scale back immigration targets it published last year, and set a new level for 2027 that is lower than the 2026 target
- What if cities finally legalized adult dorms?www.vox.com What if cities finally legalized adult dorms?
Experts think they’ve cracked the code for how to actually convert empty office buildings into affordable housing.
- The Stop Wall Street Landlords Act has been introduced in Congress by Rep. Ro Khanna. The bill would raise taxes on the purchase of single family homes by private equity and corporations.www.notus.org Ro Khanna Goes After Wall Street Landlords to Address Rising Home Prices
Khanna introduced a bill on Tuesday going after private equity investors who have been buying up homes as speculative investments.
- According to original research from PESP and CalOrganize, the largest landlord on Earth touts to investors how it profits from the ongoing affordable housing crisis and the lack of new construction.pestakeholder.org Helter Shelter: How Blackstone Contributes to and Profits from California’s Broken Housing System
From fighting rent control to hiking rents, how Blackstone benefits from California’s serious affordable housing crisis
- This Corporate Landlord Owes Tenants Nearly $50 Millionsubstack.perfectunion.us This Corporate Landlord Owes Tenants Nearly $50 Million
“We need to juice this hog,” Invitation Homes' CEO said of gouging renters with fees.
- Crime and Punishment
cross-posted from: https://lemmy.ml/post/21675288
> What shall be done about the unhoused?
- Housing Oct 21st Weekly Update: Inventory Up 1.0% Week-over-week, Up 33.4% Year-over-yearwww.calculatedriskblog.com Housing Oct 21st Weekly Update: Inventory Up 1.0% Week-over-week, Up 33.4% Year-over-year
Altos reports that active single-family inventory was up 1.0% week-over-week. Inventory is now up 49.7% from the February seasonal bottom. ...
- How Synthetic Appraisals Fuel a Fraud-Filled Housing Bubbleappraisersblogs.com How Synthetic Appraisals Fuel a Fraud-Filled Housing Bubble
Synthetic appraisals have driven starter homes in many markets to over a $1 million, while home prices nationwide have more than doubled.
- Here’s why the Fed’s 0.5% rate cut won’t fix America’s housing problemfinance.yahoo.com Here’s why the Fed’s 0.5% rate cut won’t fix America’s housing problem
Low inventory and climate change have made the situation more complex.
- Why are Democrats GASSING This Poor Black Neighborhood?m.youtube.com - YouTube
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- Involuntary Sweeps of Homeless Encampments Do Not Improve Public Safety, Study Findsnews.cuanschutz.edu Involuntary Sweeps of Homeless Encampments Do Not Improve Public Safety, Study Finds
Involuntary Sweeps of Homeless Encampments Do Not Improve Public Safety, Study Finds
- Here come the Foreclosures. Get ready for $200,000 discounts in Florida.m.youtube.com - YouTube
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- Weekly mortgage demand tanks 17%, after interest rates hit the highest level since Augustwww.cnbc.com Weekly mortgage demand tanks 17%, after interest rates hit the highest level since August
Mortgage interest rates rose last week for the third straight week, hitting the highest level since August.
- They provide profits, and that's why they're necessary
cross-posted from: https://sh.itjust.works/post/26707274
> Landlords do not provide housing > > ID: A Sophie Labelle 4 panel comic featuring Stephie in different poses, saying: > > Landlords do not provide housing. > > They buy and Hold more space than they need for themselves. > > Then, they create a false scarcity and profit off of it. > > What they're doing is literally the opposite of providing housing.
- This Is The Biggest Rent Strike In Decadesm.youtube.com - YouTube
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- Nearly One-Third of U.S. Renters Rank Housing Affordability As a Top-Three Issue in the Presidential Election: Redfin Surveywww.businesswire.com Nearly One-Third of U.S. Renters Rank Housing Affordability As a Top-Three Issue in the Presidential Election: Redfin Survey
(NASDAQ: RDFN) — Nearly one-third (31.6%) of U.S. renters say housing affordability is a top-three issue when it comes to which candidate they’ll supp
- Israelis Are Selling Stolen Palestinian Land To Americansm.youtube.com - YouTube
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