Housing Speculation Links
Ma 27 2921 "It’s not really realistic to assume we’re going to subsidize our way out of this. Which is why we need the private sector to do what it does, which is to build housing." calmatters.org
May 20 2021 "But there’s a difference in scale and precision between the practices of local landlords and national-scale institutions, which are increasingly using residential property as part of financial investment schemes." minnpost.com
May 20 2021 "As one recent study out of California’s Institute for Policy Studies reports, a handful of very wealthy investors control over 4% of the nation’s housing stock, concentrated in areas of the country hit by high costs and low availability." minnpost.com 🐤
May 20 2021 Real-Estate Frenzy Overwhelms Small-Town America: ‘I Came Home Crying’ | Buyers far from big cities lose out to investors and deep-pocket rivals in places where properties until a year ago offered affordable entry to the middle class wsj.com
May 14 2021 "According to a survey done by KPMG almost three-quarters (72 per cent) of millennials say their goal is to own a home, almost half (46 per cent) say home ownership is a pipedream." mmteens.wordpress.com
May 11 2021 Blackstone Group to buy 66 apartment complexes in San Diego for more than $1 billion: sandiegotribune.com
April 23 2021 The Good News About the Insane Real Estate Market | You’ve lost your 10th bidding war. Are you radicalized yet? slate.com
April 23 2021 "Instead, the consensus has settled around a shortage of affordable housing—a phenomenon supposedly detached from the slow drip of new construction." slate.com
April 20 2021 Will Rogers Beach Homeless Campsite Idea To Be Discussed By PPCC patch.com
April 12 2021 How Biden Can Free America From Its Zoning Straitjacket nytimes.com
April 7 2021 When Wall Street Controls the Housing Market planetizen.com
April 4 2021 If You Sell a House These Days, the Buyer Might Be a Pension Fund | Yield-chasing investors are snapping up single-family homes, competing with ordinary Americans and driving up prices wsj.com
April 4 2021 Landlords are waiting for rent payments — and some can’t hold on much longer latimes.com
April 2 2021 Need a Mortgage Loan? Good Luck. Lenders Are Tightening Standards. | Mortgages are going almost exclusively to borrowers with pristine credit histories wsj.com
April 2 2021 "I see a lot of housing tweets on here and am always reminded that there are two v different housing issues happening in this country and we should cover the other one more" twitter.com
April 1 2021 "Meanwhile, here in distressed housing land, banks won’t lend to you if the house is *too cheap*" twitter.com
March 7 2021 Manhattan Landlords Take Apartments Off Market During Rental Slump | Reduced demand during pandemic sent median rental prices down sharply; some bet market will rebound in spring wsj.com
March 7 2021 "The practice, sometimes known as 'warehousing,' has come under greater scrutiny from housing advocates and lawmakers in recent years. Critics charge that removing units from the market creates an artificial scarcity that worsens the city’s housing shortage." wsj.com
March 7 2021 "Landlords say the decision to warehouse is a necessary response to both regulatory and economic changes, including heightened tenant eviction protections during the pandemic." wsj.com
Feb 24 2021 "Today, anonymous shell companies own 18 million out of 48 million rental units nationwide, nearly 40% of the market." latimes.com
Feb 09 2021 Conrad Prebys Estate Putting Thousands Of Low-Cost Apartments Up For Sale: kpbs.org
March 4 2020 "By 2016, 95 percent of the distressed mortgages on Fannie Mae and Freddie Mac’s books were auctioned off to Wall Street investors without any meaningful stipulations, and private-equity firms had acquired more than 200,000 homes in desirable cities and middle-class suburban neighborhoods, creating a tantalizing new asset class: the single-family-rental home." nytimes.com
Nov 26 2019 "'Structural housing issues do have a real effect on private relationships,' says Wilkinson. 'They have basically eroded our privacy.' And that may mean we not only have less sex – but worse sex, too." theguardian.com
Nov 21 2019 "As Housing Bills Collapse, Talk of Ballot Initiative Grows Louder | Gov convenes emergency ideas summit as Portantino maneuvers to block reform" californiaglobe.com
Nov 2019 This is a map of California single-family homes still owned by LLCs. ampitup.carto.com
June 4 2019 "On Wednesday, May 29, 2019, Senate Bill 529 (María Elena Durazo, D-Los Angeles), which aimed to prevent landlord retaliation against tenants who form tenant associations, failed to pass the California Senate by one vote." tenantstogether.com
May 29, 2019 "CALmatters could only identify one state lawmaker who was not a homeowner—Assemblyman Todd Gloria, Democrat from San Diego." calmatters.org
May 28, 2019 Open Forum: Tech, not recalcitrant cities, is the root of our housing crisis" sfchronicle.com
May 28, 2019 "Thus a coherent policy alternative to Sacramento’s 200-bill scrum: Balance job and housing growth via commercial approvals, and raise linkage fees to fund affordability." sfchronicle.com
April 29 2019 Where in the Bay Area can you afford to rent on $100,000? | Without a roommate, the choices are slim eastbaytimes.com
Mar 20 2019 "Dan Bucks, former director of the Montana Department of Revenue and former executive director of the US Multistate Tax Commission, analyzed some of the few publicly available Airbnb agreements and found that most prevented city officials from learning the names or addresses of Airbnb hosts, making it impossible for officials to enforce local codes." wired.com
Mar 18 2019 Despite housing crisis, home production hits lowest point in 5 years. bizjournals.com
Mar 2019 Two single moms who have paid rent on time living in units in the same Oakland triplex just acquired by new owners say their landlord is rushing to evict tenants before a "just cause eviction" loophole closes. msn.com
Oct 31 2019 A reporter who accidentally uncovered a nationwide scam run by fake hosts on AirBnB still didn't leave said hosts a negative review, for fear of receiving downrates herself. vice.com
Oct 10 2019 Anonymous shell companies, like the LLC owners of properties doing illegal renovations, pose a major risk to our national security, and there is a bill to end this practice, Micheal Chertoff writes. thehill.com
Dec 8 2018 Feds making it harder to launder cash through Bay Area homes sfchronicle.com
Dec 8 2018 "Under the expanded program, title insurance companies must identify any customer who owns at least 25 percent of a legal entity — such as a limited liability company or corporation — that purchases a home for at least $300,000 in one of 22 counties nationwide including San Francisco, San Mateo and Santa Clara." sfchronicle.com
Dec 8 2018 "People who want to launder money through homes could simply purchase in a county or through a structure not covered by the order, or go without title insurance." sfchronicle.com
Nov 20 2018 Indonesian-based owners of a Bernal Heights, San Francisco property caught illegally converting into a two-unit dwelling and illegally renting it out on AirBnB to renters who hosted a party that erupted in gunfire, injuring two, after which police recovered 100 bullets and shell casings, were fined just $185,000 in civil penalties. sfchronicle.com
May 17 2018 Online real estate listing site Zillow is jumping in and flipping houses now. geekwire.com
May 15 2018 Wall Street Is Pouring Money Into House Flipping | Good! slate.com
May 15 2018 "It’s a market where professional flippers renovate multiple homes at once, putting down perhaps 25 percent to buy them, financing the rest with short-term loans, and selling as quickly as they can." slate.com
April 26 2018
"Researchers investigating property speculation, global capital, urban planning and financialisation, we argue, ought to revisit this key text to inform their contemporary analyses." dallasrogersblog.files.wordpress.com
April 13 2016 S.F. has room for a new development trend as hotels rise: sfchronicle.com
April 3 2016 "And MF’s activities bolster an argument analysts and law-enforcement officials have long made: Money from people linked to wrongdoing abroad is helping to power the gleaming condo towers rising on South Florida’s waterfront and pushing home prices far beyond what most locals can afford." miamiherald.com
September 2014 "We reviewed Assessor’s Office records for 5,212 condos in 23 buildings, most built after the year 2000, all of them market-rate residences. We found that absentee owners control approximately 2,034 of these condos – about 39 percent of the total." 48hills.org
This work by AJ Fish is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
