🌎 Discussion: Housing, Homelessness, Urban Development, Gentrification, and Other Housing Issues

[blueharvest]

 

[blueharvest]

Boost for Home Buyers as Fed Chair Jerome Powell Opens Door to Rate Cuts

Jerome Powell speaks at the first day of the Federal Reserve Bank of Kansas City annual conference.

www.newsweek.com

 

[DJ Kornphlake]

 

[blueharvest]

Hopefully they'll have the book thrown at them. RealPage needs to go and should have been gone a long time ago.

 

[MagnarTheGreat]

Rent Going Up? One Company’s Algorithm Could Be Why.

Texas-based RealPage’s YieldStar software helps landlords set prices for apartments across the U.S. With rents soaring, critics are concerned that the company’s proprietary algorithm is hurting competition.

www.propublica.org

“Never before have we seen these numbers,” said Jay Parsons, a vice president of RealPage, as conventiongoers wandered by. Apartment rents had recently shot up by as much as 14.5%, he said in a video touting the company’s services. Turning to his colleague, Parsons asked: What role had the software played?

“I think it’s driving it, quite honestly,” answered Andrew Bowen, another RealPage executive. “As a property manager, very few of us would be willing to actually raise rents double digits within a single month by doing it manually.”

Part One: Why is the Rent So Damn High? - Behind the Bastards | iHeart

<p>Robert is joined by Samantha Mcvey to discuss what is going with the rental market. </p> <p>(2 part series)</p> <p>Footnotes:</p> <p><a...

www.iheart.com

Hey you know what else states could try: punish/tax long term non-occupancy of units and properties. That’s what was also going on with RealPage as the More Perfect Union noted.

If the overall CA home median is $900,000, the median home in LA County is probably over a million dollars so the number of individual buyers is limited. There’s already 15-16 million homes sitting on the US market (this is down from the peak after the 2008 economic crisis) because people can’t afford them and other reasons.

Vacant Homes vs. Homelessness In the U.S. - United Way NCA

Despite how many homes are in the U.S., many of which are vacant, unhoused populations continue to grow. See which cities have the highest disparity here.

unitedwaynca.org

How many vacant homes are there in the US?

Over 15 million American homes — approximately 10% of the country’s housing inventory — were vacant in 2022.

usafacts.org

 

[Lily Adler]

I was actually surprised that municipalities can legally make homeowners and renters responsible for sidewalk and walkway maintenance on what is supposed to be city property.

 

[Erzengel]

A municipality can create an ordinance that say they put in curbing that wasn’t there prior and make the homeowner be assessed with the cost.

 

[blueharvest]

 

[blueharvest]

Record number of homebuyers are backing out of deals, Redfin reports

U.S. homebuyers are backing out of their real estate deals at a record rate.

www.northernnewsnow.com

 

[Lily Adler]

 

[blueharvest]

 

[blueharvest]

LA to pay more than $38M for failing to make affordable housing accessible

The city of Los Angeles will pay more than $38 million to settle a lawsuit from 2017 over allegedly failing to meet federal accessibility requirements when using federal grant funds for multifamily affordable housing

abcnews.go.com

 

[blueharvest]

Fewer Americans are planning to buy a home in over a decade

The report found consumer confidence rose generally, but Americans were still reluctant to make a home purchase.

www.newsweek.com

 

[blueharvest]

 

[squeekness]

This is so wrong.

 

[blueharvest]

Atlanta mayor announces $60M plan to help city's homeless

Atlanta Mayor Andre Dickens announced a $60 million housing proposal aimed at creating 700 units of affordable housing by next year.

www.newsweek.com

 

[DJ Kornphlake]

 

[MagnarTheGreat]

 

[blueharvest]

Los Angeles churches could soon build homes on their parking lots

At least three churches in Los Angeles, California, have launched plans to develop affordable housing projects on their grounds.

www.newsweek.com

 

[blueharvest]

Can Kamala Harris turn Democrats into the party of YIMBY?

YIMBY, short for "Yes In My Backyard," promotes increasing the housing supply by removing barriers to new construction.

www.newsweek.com

 

[MagnarTheGreat]

California Gov. Gavin Newsom vetoes bill aimed at helping undocumented immigrants buy homes in the state

California Gov. Gavin Newsom vetoed a bill Friday that would have made some immigrants in the country illegally eligible for home loans backed by the state.

www.cbsnews.com

The CA housing market is one of hottest in the nation and so this the correct call whether it was a political optics call or not.

 

[blueharvest]

Judge orders VA to build more housing for homeless veterans in Los Angeles

Friday's ruling calls for more than 2,500 new units, a wellness area and a town center on the site near some of the city's wealthiest neighborhoods.

www.google.com

 

[Lily Adler]

G

Atlanta mayor announces $60M plan to help city's homeless

Atlanta Mayor Andre Dickens announced a $60 million housing proposal aimed at creating 700 units of affordable housing by next year.

www.newsweek.com

Gavin Newsom: by destroying their encampments?

 

[blueharvest]

Trump and Harris say they want to make housing more affordable. The experience of Bethlehem, Pa., helps explain why. - The Boston Globe

The rising cost of homes and rentals has hit hard in a battleground state community that was highly affordable for years before a redevelopment boom helped prices to skyrocket.

www.bostonglobe.com

And here's the article without a paywall:

https://archive.is/8mnmp

 

[Lily Adler]