Tag Archives: Housing

How To Curb Gentrification

How To Curb Gentrification
Crucially, CJJC’s analysis busts the biggest “development” myth: Gentrification is not inevitable—it can be prevented before it starts and stopped in neighborhoods where the process is already underway. The report proposes a comprehensive policy agenda to mitigate the effects of ongoing gentrification and prevent ... Read more

The Rigged Housing Market

The Rigged Housing Market
Did you know that Blackstone Group, one of the world’s largest private equity funds, snapped up1,400 foreclosed Atlanta homes in one day? Around the country, Blackstone has bought at least 40,000in the past two years. This spree, all the rage among big investors, raises real estate values from nearly worthless to ... Read more

Housing and the Construction of the Racial Wealth Gap

Housing and the Construction of the Racial Wealth Gap
Yesterday, apropos of Paul Ryan’s remarks on “inner-city poverty” and a culture that “doesn’t value work,” I wrote about the policy that went into building our inner-cities and depriving whole communities of wealth and opportunity. Likewise, at MSNBC, Ned Resnikoff wrote an excellent piece ... Read more

Foreclosure Filings Jump as Investors Eye Exits

Foreclosure Filings Jump as Investors Eye Exits
It’s too bad Keynes isn’t around today to see how the toxic combo of financial engineering, central bank liquidity and fraud have transformed the world’s biggest economy into a hobbled, crisis-prone invalid that’s unable to grow without giant doses of zero-rate heroin and mega-leverage ... Read more

Wall Street’s Hot New Financial Product: Your Rent Check

Wall Street’s Hot New Financial Product: Your Rent Check
Over the last two years, private equity firms and hedge funds have amassed an unprecedented real estate empire, snapping up Spanish revivals in Phoenix, adobes in Los Angeles, Queen Anne Victorians in Atlanta, and brick-faced bungalows in Chicago. In total, Wall Street investors have ... Read more

ICELAND LETS BANKS FAIL; 2% UNEMPLOYMENT IN SIGHT

ICELAND LETS BANKS FAIL; 2% UNEMPLOYMENT IN SIGHT
Unlike other countries who haven’t seemed to learn the lessons that the financial crisis forced upon them, Iceland’s position was “never again.” Frankly, Icelanders knew they couldn’t afford to let banks play dice with their entire country’s economy. Repeated over and over in the streets and in ... Read more