#Rents are falling more slowly in U.S. #suburbs than in #cities. Here's why.
https://www.cbsnews.com/news/rent-increases-national-2023-city-suburb/
#housing #rent #property #USA

#RentControl laws on the national level? Biden administration offers a not-so-subtle push

by Medora Lee, September 6, 2023

"Rent control would prevent #corporate #landlords from profiting by using low-interest, government-backed financing while raising #rents and evicting #tenants, Hoang said.

"Though that may be true, critics say, rent control could hurt millions of people, including some who supplement their retirement with rental income.

"Among 49.5 million rental units, nearly 46% are small rental properties of one to four units, the National Association of Realtors said. More than 70% of those are owned by individuals, or mom-and-pop landlords. About 70% are also managed by them.

"'Cost of rental housing is expensive,' Geno said. 'If they can’t pass on expenses they don’t control, many owners will be upside down.'"

"Many mom-and-pop landlords were forced into forbearance during the 1½-year pandemic-related rent moratorium that allowed tenants to forgo rent payments without fear of eviction. Some even had to sell their properties and defer maintenance on their rentals."

And then corporations bought them up, tore down or gutted the places, then created condos or high-rent housing out of the reach of most people! Creating affordable housing would be great, but it takes time. And judging by the number of homeless and those seeking climate change and political asylum, this problem needs to be solved sooner than later!

https://www.msn.com/en-us/money/realestate/rent-control-laws-on-the-national-level-biden-administration-offers-a-not-so-subtle-push/ar-AA1ggiXW?rc=1&ocid=winp1taskbar&cvid=8a51f854e3ac4dd9ce096c7ac81fbc04&ei=6
#AffordabeHousing #HousingForAll #AffordableHousingForAll

A look at rents & for-sale (2 bedroom) up through July 2023, from the Zillow data set.
https://urbangr.org/datapoint-zori-202308
#GrandRapidsMI #Housing #Rents #Zillow

#UK #rents rise faster in #deprived areas – and drag more people into #poverty

Cost doubles in some poor #urban districts, driven in part by #mortgage rate rise, UK-wide study shows
https://www.theguardian.com/money/2023/sep/03/uk-rents-rise-faster-in-deprived-areas-and-drag-more-people-into-poverty
#ToryPoliciesInAction #ProfitsBeforePeople #Housing

Cost-of-living and rents rising, together with the governments plans to slash housing benefits about to force especially families and low income households to move out of cities, especially Helsinki.

https://yle.fi/a/74-20043878

#naziJokeGovernment #rightWingPolitics #politics #naziJokeNCP #NCP #politicsFI #finland #kickThePoor #basicFinns #SPP #ChristianDemocrats #HeKA #costOfLiving #rents #helsinki

Cost-of-living and rents rising, together with the governments plans to slash housing benefits about to force especially families and low income households to move out of cities, especially Helsinki. #naziJokeGovernment #rightWingPolitics #politics #naziJokeNCP #NCP #politicsFI #finland #kickThePoor #basicFinns #SPP #ChristianDemocrats #costOfLiving #rents #helsinki

The Royal Institution of Chartered Surveyors (RICS) latest survey of their membership reveals expectations that #houseprices will fall at the same time that #rents will rise as competition for #housing moves from buying to renting as #mortgage rates stay high(er).

the #housingcrisis is hurting this who are worse off, who cannot afford to buy but need to either relocate for #work or other reasons...

Even if building houses is (part of) the answer, more immediate relief is required, urgently!

#EstateAgents are a classic intermediary #business (you'll recall in the early days of the #internet we were told 'dis-intermediation' was the future trend; it wasn't), so perhaps we shouldn't be surprised that many are expanding their work in the rental sector were #rents are high enough for them to extract their fees & charges.... no wonder rental charges are going up if they're supporting a whole class of intermediaries....

This is #technofeudalism. Whereas capitalists are seek profits (income from selling things), feudalists seek #rents (income from owning the things other people use). If Telsa were a capitalist enterprise, then entrepreneurs could enter the market and sell mods that let you unlock the functionality in your own car:

https://pluralistic.net/2020/06/11/1-in-3/#boost-50

9/

But it wasn't always this way: for hundreds of years, European civilization was dominated by #rents, not #markets.

"Rents" are income you get from owning something other people need to produce value. Think of renting out a house: not only do you get paid when someone lives there, you also get the benefit of rising property values, which are the result of the work that all the other homeowners, business owners, and residents do to make the neighborhood more valuable.

12/

#Elon #Musk, #Twitter Sued for $500 Million in #Severance Benefits source:#rollingstone https://www.rollingstone.com/culture/culture-news/elon-musk-twitter-sue-500-million-severance-benefits-1234787401/ #sanfrancisco #laborlaws #bankrupt #realestate #rents #X #tech #tesla #mkt

Heartbreaking rendition (by @pluralistic ) of a new study of homelessness in California. "America treats housing as an asset rather than a human right, creating a world of haves and have-nots." And so does Europe.

Housing as asset aligns the economic interests of homeowners with those of landlords: restricting tenant rights and the supply of affordable housing increases home prices. It is yet another way that capitalism eats people's lives.

#homelessness #rents

https://pluralistic.net/2023/07/12/because-its-too-expensive/#rents-too-damned-high

#Eviction filings are 50% higher than they were pre-pandemic in some cities as #rents rise...
https://finance.yahoo.com/news/rising-rents-diminishing-aid-fueling-042214862.html

The #recovery to pre- #pandemic trends is partial and uneven. Take #property – #rents are still falling, contributing to low #inflation …

US #housing – The #rents have soared in the past year, chart @MorganStanley

Living in a basement with no windows. Life in a 12-person share house during Australia’s #rentalcrisis . Along with increasing #rents and record low vacancy rates, demand for rooms in share houses has drastically increased. But some people are enduring horrible conditions to keep a roof over their heads. #australia

https://www.sbs.com.au/news/the-feed/article/living-in-a-basement-with-no-windows-life-in-a-12-person-share-house-during-australias-rental-crisis/lars2zusb

https://www.blick.ch/schweiz/zuerich/stadt-zuerich-will-guenstigen-wohnraum-studenten-zahlten-horrende-mieten-jetzt-muessen-sie-raus-id18377940.html
"Students paid horrendous #rents now they have to move out
Because the private main tenant at #Gattikerstrasse in #zürich rented #apartments at high #prices, they now have to move out. Until the building is renovated, #refugees are to be #accommodated in the #property. "

:mastosob:
So absurd sind Zuger Wohninserate

1,5-Zimmer-Wohnung mit Bett im Badezimmer für 2300 Franken

Wer in Zug eine Wohnung mieten will, muss vor allem schwarzen Humor haben: Einige Angebote sind recht absurd. Die zentralplus-Trouvaillen sind entweder galaktisch teuer – oder unterirdisch schlecht.

https://www.zentralplus.ch/wohnen-bauen/15-zimmer-wohnung-mit-bett-im-badezimmer-fuer-2300-franken-2519872/

#zug #switzerland #rents

#NewYorkers Never Came ‘Flooding Back.’ Why Did #Rents Go Up So Much? Getting to the bottom of a COVID-era #realestate mystery.

https://www.curbed.com/2023/01/nyc-real-estate-covid-more-apartments-higher-rent.html

When Will Rents Come Down?

Vancouver leads the region in building new rental units. Why are rates still rising?

https://thetyee.ca/Analysis/2023/02/02/When-Will-Rents-Come-Down

#nonprofit #affordable #housing #rents #bcpoli