The issue of rent gouging by landlords and the soaring housing costs across the country are critical problems that are impacting working-class individuals and families. The current housing crisis, coupled with the exorbitant rent prices, is a pressing concern that needs to be addressed urgently. It is heartening to see President Biden taking steps to target corporate landlords who engage in rent gouging practices.
The use of computer-assisted rent pricing tools like RealPage has perpetuated a de-facto collusion among landlords to keep rental prices artificially high, creating an artificial scarcity model that benefits only the landlords at the expense of tenants.… Continue reading
Mortgage rates have jumped back over 7% as stronger economic data rolls in. This news comes as a surprise to many who were hopeful that the rates would continue their downward trend. The previous decrease in rates was largely speculative, with hopes that the Federal Reserve would cut the funds rate in March. However, with strong job data and the Fed suggesting the need for more patience, it makes sense that the rates have gone back up.
As someone who is currently in the market for a house, these rising rates are disheartening. The dream of homeownership is slowly slipping away as the interest rates become more and more unfavorable.… Continue reading
The record number of Americans who are homeless amid a nationwide surge in rent is a deeply concerning issue that I feel strongly about. As someone who works in homeless services, I have seen firsthand the devastating impact that skyrocketing rent prices can have on individuals and families. It is disheartening to witness the increasing number of people who are unable to afford a safe and stable place to live.
I am not surprised by the statistics that show a significant increase in homelessness, as I have seen this trend first-hand in my community. The rising cost of rent is simply not proportional to the increase in income, especially for those working in the service industry.… Continue reading
John Q. Hosedrinker