Billionaires and Housing

That pic to me should say 'LEGO trap house.' It's satire tho, not sure where it originated from. It wouldn't be the first time the guvmint put people in crumbling housing.

Which should tell us everything about just how few people these places employ (contract in).

It really isn't. Higher levels of immigration increase the pressure to build infrastructure, meaning there's less green space.

Even if we're to believe that landlords would be stupid enough to flood their own market,if lower rents really are "unviable", we're going to be back in the same predicament we're currently in where landlords don't have enough incentive to provide housing. FFGs lies aren't even internally consistent

The promise of high footfall and all that comes with that are strong. My employer relocated to units out of town on just such a promise - sweetened with a year rent free. Needless to say, the churn of businesses moving in and out is constant now - as they realise they were sold a high rent lie.

Landlord is Victoria. makes sense...

(Nearly) First hand understanding of the rental situation in Ireland atm is bringing it all home (as it were) forcefully. Living somewhere with relatively sane rents and better regulation reinforces the horror.

A housing cooperative developed by the Amalgamated Clothing Workers of America. Workers building their own housing because nobody else would. The same hands that made the clothes made the home.

She could become taoiseach by accident if we're not watchful.

landlords are such a weird concept there is no reason anyone should have that much power and privilege over other people, and i am pretty sure they forbade rent seeking in the bible, also landlord the word also tells that they are an enforcer for the owner class, they monitor and punish the serfs

Thanks for sharing this. Really remarkable how well these look to fit in with the existing architecture in the area yet have much better livability from the looks of things. Odd to look at a new building and think it might have been in Glebe or Ultimo for years.

What's with the possessive apostrophe in "Landlord's"? Probably clearer to call themselves "Parasites Victoria" anyway.

Maybe we SHOULD have a landlord tax seeing how keen they are for it.

Mao zedong was right about land lords.

How is rent control a solution though?

Well that was a depressing read. No shade on apartments in general but gosh I’m sick of the ‘solution’ to the housing crisis being ‘you povo folks have to live in a box’. A dangerous box at that.

you should be able to landlords

Landlords names and addresses should be in a big book down at city hall. If the building is owned by a corporation, the current CEO's home address should be listed instead.

Los Angeles Unified School District graduates more than 20,00 students each year. There are at most 5-8,000 new housing units permitted in most years. That just doesn’t fucking work, and it’s not even considering everyone who moves here from elsewhere. Much of the city’s land is zoned SFH only.

Parking in cities has much the same problem. Things are too far apart, so we need parking lots for the cars people use to get to things they actually want to go to. But now parking lots make things further apart, too far to walk, so you need *more* parking lots, which pushes things further apart…

Interesting. People love to rage on the new outer suburbs (and for many good reasons) but there are plentiful small parks with high quality equipment built before the residents have moved in. Mostly full of morose old sikh gentlemen during the day.

Just some more Chicago money taking up space for another 'summer' cottage' that will be empty half, or even most of, the year. They should have built it near the shore. ('banks' not really being a lake thing any more than you get banks on the Pacific, apart from the underwater kind).

sorry, what?

Productive day though

I grew up in a family of 3 boys in walk up flats. Played in the driveway & out in parks & at the beach. Convenient, diverse public spaces & amenities in walking distance crucial. Why #publicsydney so important… & not just in Sydney

I have no idea how that area is ever going to be an urban utopia the planners believe it will be

State/Provincial leaders bear the burden of fixing bad land use practiced locally to create scarcity entitlement. In US states enable zoning rights to locals but can and should have duty to change it for greater good

I noticed recently that there isn't a single vacancy actually on the frontages of Briggate.

More to the point: Corporations aren't just squatting on "perfectly good" empty housing like a dragon on a hoard of gold. We actually need to build more housing in this country. Yes, that means in your town.

Free buses and trains. Plant trees & flowers. Honestly, the Chinese Brake Fern will help with arsenic in the ground. Construction trucks are left running all day in preparation for that 3 minutes they’re going to be used. Stop allowing cars & truck to modify exhaust systems. Kill that refinery.

Upper estimates put the cost of HS2 at £100-107 billion. Staggeringly expensive when you think that it won't even reach Manchester!

Just guessing but it's real estate like anything else and if you have a lot of free parking it just eats up a lot of raw area unproductively and has the effect of making the city worse. It warps cities away from walkability and general useability.

Artificial supply constraints began causing rents to rise faster than wages in places like NYC, Boston and SF in the mid-late 20th century. This was already happening slowly when the crime rate drop in the late 90s spiked demand. And then Millennials started graduating college and it spiked more.

The way I see it, after 2008 lenders and the government became more risk averse in financing new builds and low-income first time buyers. This has resulted in too few homes being built to replace decaying homes, keep up with population growth, and absorb pops moving to larger cities.

Facts! Fewer than 4% of homes are owned by undocumented people. About 4% of single family homes are owned by private equity and institutional investors.🤯 Yes, seriously. In some areas, it's as much as 10%.

It is also, implicitly, taking the position that renters are bad.

This shit about "ahhh BlackRock is gonna buy all the houses" (they aren't) gives me super hives because it's just flat out conspiracy thinking and even if it were true it doesn't change anything about the solution *every single place* homes are difficult to afford, which is: build more fucking homes

In SFL Russians are buying houses $750,000 and up, in mostly cash deals. And/or using shell companies. There’s a whole section of south Florida that’s referred to as “Little Moscow.”

Maybe if immigrants are more successful than you, and outbid you, you need to pull yourself up by your bootstraps.

If someone on welfare, which averages $41k total in benefits, can buy a home by beating out the all cash corporate buyers, WELL DONE!

I don’t know where he Gets his data but I think he should check it. Eventually, with the destructive policies of the trump regime, rents will come down as well as home sales as people won’t have any money. They won’t have jobs either. Loss of jobs + higher prices = homelessness.

It’s amazing that they’re living entirely on welfare yet buying all the houses. If you budget your SNAP benefits carefully, you, too, can be a homeowner!

New houses are cheaper than existing ones. Just building doesn’t fix housing. How about limiting hedge fund and FED interference in prices so we can see what the actual price is?

People are working longer than they have since the 60s. Reducing the age required for tax breaks seems like a gift for middle aged people with large homes who may or may not be an important voting block in Texas (they are).

my neighborhood had to go No Rental to get the corporate assholes out of here, shit has somewhat stabilized and some more actual affordable housing is going up (south of tampa bay)

This! When they buy up entire counties they take away inventory for fha and VHA buyers. And then homeowners insurance and ad valorem taxes to pay for the shortfalls ensure people are never able to become homeowners. Immigrants built this country.

Sprawl wouldn’t happen if we had decent transit. Cars being the main priority for a century has made that the most convenient way of getting around. We have to actively make car driving worse (by comparison to transit) at the same time as improving transit by moving funding from one to the other.

A day without rage is a day without sunshine…

The Fairness Doctrine never required truth.

Yeah yeah housing crisis, shortage of materials etc.... But no. THIS is the reason we need to bring back small scale local brick makers.

So these illegals who are rushing across the border CAN AFFORD TO BUY HOUSES? WHO KNEW? I thought they were getting all that free stuff SNAP OBAMACARE WHICH IS IT?

the same illegals people snatching food stamps, mooching health care and roaming the streets for loots are buying expensive houses and taking all the good jobs. that is the new magass message.

In fact, they are treated and paid so poorly that there are several families in one house just to be able to survive.

We have a housing shortage in Colorado because undocumented people are getting mortgages to buy our million dollar houses. And they’re all on welfare. And they’re takin’ our jerbs! There’s nothing the Nazipublican party won’t blame on Jews, I mean immigrants.

I mean you can't be foolish enough to believe that wealthy interests don't play a part in the crisis we're in, or that if we merely deregulated housing construction that it would be alleviated

Amazing how immigrants are always scoring the lowest… and taking all the jobs… and living on all the welfare… and somehow buying all the homes… all at the same time. It’s almost like the math only works if you close your eyes and hate your way through it.

Hes getting paid to be a fraud bribed politician !

“Illegals” are NOT taking up all the rental properties! Billionaires and corporations are buying properties for short term rentals and then jacking rent way up without doing any improvements to these properties. This drove my kids out of their rental. They couldn’t afford it anymore.

Its a supply and demand issue, made worse by vulture capitalism. But at its core, you're correct - there's simply not enough homes being built. This will get worse thanks to tarrifs inceeasing costs and not enough people to actually build houses.

Real quick(?) funny story...my 2nd visit to Miami to visit future ex 😎...went to visit a Cuban friend 1993...just outside the downtown district does of single fam houses a la Godfather 2..all chain link fenced and gated windows ..outside smoking a cigarette ice cream truck goes by it's an amour car

I hear plenty of bullshit. Most of it comes from people who still believe in capitalism. Where is all the money going to? It’s disappearing into corporations and billionaires pockets. Start looking are building up small manufacturing in blighted regions and people will move there.

fixing the housing shortage is how you fix "the basic imbalance of power facing renters today". The investment banker approach is needed!

And that's the biggest load of bullshit I've heard in years. You are letting entire towns and cities die. A few years ago, foreign investors could buy houses in Detroit for cents on the dollar. Look up the number of abandoned buildings in the US.