Professor Wolf On the American Housing Crisis
Posts
The American Homeless Crisis Is By Design.
Lee Camp compares homelessness in the United States to Cuba:
Boomers Still Have Big Houses and Can't Get Rid of Them
Apparently not every Boomer in a comfortable home want that much real estate : After 33 years and four children, Baby Boomers Marta and Octavian Dragos say they feel trapped in what was once their dream home in El Cerrito, California. Both over 70, the Dragos are empty nesters, and like many of their generation, they’re trying to figure out how to downsize from their 3,000-square-foot, five-bedroom home. “We are here in a huge house with no family nearby, trying to make a wise decision, both financially and for our well-being,” said Dragos, a retired teacher. But selling and downsizing isn’t easy, appealing or even financially advantageous for many homeowners like the Dragos family. Many Boomers whose homes have surged in value now face massive capital gains tax bills when they sell. This is a kind of tax on the profit you make when selling an investment or an asset, like a home, that has increased in value. Plus, smaller homes or apartments in the neighborhoods they’ve come to lo...
CT Mirror: Keeping a House in Connecticut Is Harder for Black Americans and Latinos
Not something you'd want to hear considering the current housing climate: Black and Latino residents in Connecticut face higher chances of losing their homes as well as getting evicted across the state. That’s according to a report released this week by the Connecticut Voices for Children, an advocacy and research organization based in New Haven. The report shows the problem is worsened by restrictive housing construction laws and regulations throughout the state. It recommends more state government action to promote affordable housing. Any solutions would need to contend with sustained local opposition to denser housing, which shows no signs of dissipating any time soon. The report shows Black and Latino homeowners have higher rates of delinquencies on their mortgage payments, said Samaila Adelaiye, a research and policy fellow for Connecticut Voices for Children. “The percentage of Black and Latino households behind on mortgage payments is notably higher in Connecticut at 15.9% ...
African-Americans, Ney York City & the Housing Crisis
Black Agenda Report's Margaret Kimberly talks to Leah Goodridge about this 20-year phenomenon .
Prof Richard Wolff: Failure to Adjust to Automation, Concentration of Wealth Has Led to America's Economic Downfall
Lee Camp talks to Prof. Wolff about " the rise of the multipolar world ."
Americans Can Confirm If They Can Really Afford to Live in Their State
Out of Reach website . The Opportunity Atlas website.
Watch & Learn: Slumlords Still Exist In America.
Status Coup investigates a doctor whose dual role as slumlord causes him to overlook the well-being of his tenants: UPDATE: The video was taken down (possibly because the landlord got a lawyer) so here's another video Status Coup did on bad housing conditions during their tour:
Watch & Learn: Status Coup Interviews West Virginia Resident Who Is Being Evicted From Terrible Living Conditions
As part of his tour of "American Hunger Games" many people are experiencing, Jordan Chariton of Status Coup does a powerful interview:
Can America Solve It's Homeless Crisis?
Yes; they can (in fact one state has proven it). The real question is: will America do it ?
Unless You're Rich (or Connected), Living in America Is Crazy Expensive (and Stressful)
Most Americans can barely cover the basics, and going into debt is usually the only solution when unexpected expenses come up .