Thigpenn says the path forward means reversing public spending priorities that direct resources away from low-income communities — priorities that create tax structure that makes low-income communities in California scramble to fund schools.
History, Taylor writes, is not repeating itself with housing inequality, but cyclically proceeding as an inevitable effect of a racialized system perpetuated by capitalism.
The repo market is a fragile house of cards waiting for a strong wind to blow it down, propped up by misguided monetary policies that have forced central banks to underwrite its highly risky ventures.
The world’s real estate is worth an estimated $217 trillion, making up more than 60 percent of global assets. Even though three-quarters of that amount is tied up in housing, it hasn’t translated to secure shelter or prosperity for many...
The foreclosure crisis is alive and well, aided and abetted by house flipping. A legal loophole allows flippers in areas where the house market has rebounded to push troubled homeowners out of their houses.
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