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Hyper-Gentrification

There’s A Severe Housing Crisis In The US: The Work To Make Housing A Right

October 29, 2024 Margaret Flowers, Clearing the FOG. , , , , , , ,
A new report, Billionaire Blowback on Housing: How concentrated wealth disrupts housing markets and worsens the housing affordability crisis, explains how the United States has entered a state of hyper-gentrification in which the average person has to compete with a large corporation when it comes to buying or renting a home. There are currently 28 vacant homes for every homeless person. Clearing the FOG speaks with Chuck Collins, a co-author of the report, and Mehrdad Azemun of Peoples Action, about the housing crisis, the vision for a homes guarantee and how people are working to make housing a human right.

Report: Billionaire Investors Are ‘Supercharging’ Housing Crisis

October 23, 2024 Julia Conley, Common Dreams. , , , ,
A new report out Monday puts "into numbers the trend that ordinary Americans have known to be true for years," said economic justice advocates behind the analysis: "Their everyday struggles of affording a home are made worse by the sweeping influence that billionaires have over the market." The Institute for Policy Studies (IPS) joined Popular Democracy in compiling a 71-page report titled Billionaire Blowback on Housing, aiming to get to the bottom of growing concerns in recent years about how Wall Street, as Democratic vice presidential nominee and Minnesota Gov. Tim Walz said earlier this month, is "buying up housing and making them less affordable."

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