Source: Inequality.org
by Chuck Collins
“The housing affordability crisis – and how to solve it – has become a major focus during election season, for good reason. Millions of American families struggle to afford and keep a roof over their heads, find themselves unsheltered, or have become frustrated in the hope of owning their own home. The over-focus on expanding housing supply through for-profit development misses a key contributor to the housing crisis: the concentration of wealth and power. The challenges of the U.S. housing crisis go beyond supply or fixing local land use regulations. The billionaire class and billionaire-backed private equity investors have become a driving force in the U.S. housing crisis.” (10/23/24)
https://inequality.org/great-divide/how-billionaire-investors-are-disrupting-the-u-s-housing-market/