In 74% of US counties, the average worker can’t afford the median home. It’s getting worse: Six months ago, it was 71% of counties. The results come from Attom’s new survey of house prices.
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Tag: prop 10
LA’s new homelessness stats reveal a crisis that is only worsening
LA has the nation’s worst homelessness problem, a (literal) epidemic so terrible it distorts the national statistics.
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California ballot measure to reintroduce rent control met with millions in opposition from Wall Street landlords
California is one of the hot-zones in the world’s urban housing crisis, driven by a combination of opposition to highrise/high-density living and the mass purchase of foreclosed properties following the 2008 crisis by giant Wall Street landlords who have steadily ratcheted up rents and evictions in a big to safeguard the flow of payments to bondholders who get a share of the rents extracted from struggling tenants living in dangerous, substanding housing.
Continue reading “California ballot measure to reintroduce rent control met with millions in opposition from Wall Street landlords”