Tag: Housing Issues

Institutional investors have bought hundreds of thousands of single-family homes, many in Black communities. Critics say it’s creating a ‘generation of renters’

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Democratic lawmakers are scrutinizing whether the American dream of a suburban home and white picket fence is being seized upon by large institutional investors, costing working people a shot at property ownership. The House Financial Services Subcommittee on Oversight and Investigations held the virtual panel Tuesday, titled “Where Have All the Houses Gone? Private Equity,…

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Investment

Opinion: Inflation is now rooted in the necessities of life. Which means the Fed has little hope of lowering the cost of living without throwing millions out of work

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There’s no escaping the ravages of inflation. Far from “peaking” as some hoped, the consumer price index accelerated in May, rising at a 12.3% annual rate, the government reported Friday. Not only are the costs of necessities becoming more unaffordable, so are the costs of escaping by taking a vacation or by curling up on…

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Investment

New research casts doubt on rent control as a way to help the poor: ‘Tenants who gained the most from rent control had higher incomes and were more likely to be white’

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Rent control was supposed to make housing more affordable for lower-income Americans. Turns out, it may be doing just the opposite. Rent control efforts in St. Paul, Minn. have benefited more white, higher-income tenants, a new study authored by researchers at the University of Southern California and distributed by the National Bureau of Economic Research…

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Investment