With fortunes inflated by corporate welfare, wealthy real estate owners can afford to cancel housing-related expenses and debts for millions of struggling American families.
As fewer people remain able to afford rent in big cities, more leave those cities for cheaper regions, or simply fall out of the housing market and into homelessness. Think tanks and activist groups are thinking outside the box with solutions.
The time for political games, half-measures, and brinkmanship has long passed. Without significant and sustained congressional action, 30 million to 40 million renters are at risk of being evicted by the end of the year.
History, Taylor writes, is not repeating itself with housing inequality, but cyclically proceeding as an inevitable effect of a racialized system perpetuated by capitalism.
According to Berkeley author Randy Shaw, skyrocketing prices for all three forms of housing have created a generational divide, with major political implications for progressive city governments and advocates of affordable housing.
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