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#renters

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Continued thread

Day 22 cont 💰💰💰🏡

“Nearly half of all #renters sit in the bottom 40% of income levels, compared with just one-fifth of first home buyers.

“If you’re in the bottom two #quintiles of income, you’re probably not really going to have enough #income to be servicing a #mortgage, whichever way you go,” Phillips says.

“There’s not a lot that we’ve seen in the election #campaign to really help those people, and they’re the people who really are #struggling.”

That leaves nearly half the renting population, or four million #Australians, beyond the reach of homebuyer help even before the new #policies arrive.”

If you don’t own or cannot afford a home, Australian politicians are not interested in you.

#AusPol / #LNP / #Liberal / #Labor / #Nationals <theguardian.com/australia-news>

The Guardian · Who actually benefits from the Coalition and Labor’s housing policies?By Luca Ittimani
Google DocsTell Oregon Lawmakers to Ban Price Fixing Rent SoftwareOregon renters are being squeezed by anti-competitive, price-fixing software that lets corporate landlords act like a cartel, driving up rents and pushing families out of their homes. Senate Bill 722 cracks down on these predatory practices and ensures that rental prices are set fairly, not manipulated for maximum profit. Oregon's lawsuit on price fixing against RealPage and Greystar, identifies rental markets where RealPage controls pricing on at least 30% of rental units, neighborhoods include Aloha/West Beaverton and Central Portland—affecting approximately 54,000 units statewide. The Solution? SB 722. Here’s what SB 722 does: ✅ Bans Rent-Setting Software – Eliminates the use of algorithmic pricing tools that allow landlords to collude on rent hikes, inflating prices beyond what the market would naturally bear. Rent decisions should be made transparently, not dictated by software designed to maximize profits at tenants’ expense. Click here to see what a rent increase looks like when utilizing this software. ✅ Closes a Rent Control Loophole – Reduces the exemption period for new rental units, ensuring that landlords can’t gouge tenants with rent hikes of 50% or more in newer, but aging apartments. We’ve already seen this happen. At The Prescott Apartments in 2022, tenants faced rent hikes of 50% or more after the landlord’s incentive period expired. Portland’s tax breaks were supposed to create affordability, but instead, they lined investors’ pockets while renters got blindsided after nine years of occupancy. It’s time to break up the rent-setting cartel, stop anti-competitive price fixing, and close loopholes in the law. Sign our petition to demand lawmakers pass SB 722 and protect Oregon renters from corporate greed!

#GovNewsom signs executive order protecting #LACounty #renters who take in people displaced by firestorm.

#ExecutiveOrder does not cover other lease provisions, like ones pertaining to criminal activity in rental property.

#Landlords who raise rents higher than 10% currently could face up to a year in county jail, fines up to $10,000.

gov.ca.gov/2025/01/17/governor

caanet.org/governor-extends-pr

Another reason to squash the #AIRevolution!

#AI costs American #Renters over $3.6 billion annually, according to new report
Judd Legum
Jan 06, 2025

"The property management software used by many #corporate #landlords, #RealPage, is deploying AI to artificially inflate rental prices in the United States by more than $3.6 billion annually, according to a new report by the White House Council of Economic Advisers (CEA).

"RealPage, owned by the private equity firm Thoma Bravo, includes a tool called "AI Revenue Management" that provides recommendations for rental prices based on data from competitors. The feature, according to the CEA, the Department of Justice (DOJ), and class action lawsuits, facilitates 'price coordination.' It allows individual landlords to 'act as if they are a single dominant landlord, and use their collective market power to increase profits by setting higher prices.'"

Read more:
popular.info/p/ai-costs-americ
#FuckAI #AISucks #NoNukesforAI #AffordableHousing #CorporateLandlordsSuck

Popular Information · AI costs American renters over $3.6 billion annually, according to new reportBy Judd Legum

Just how small is 33 square metres? It’s about 350 square feet, or the size of a studio apartment in The Janion, specially built for short-term rental use in #VictoriaBC.

But a staff report to the City of Victoria is recommending that council consider allowing developers to build micro-units in new projects with minimum standards in place.

It’s an effort to create more units in a tight housing market, says Mayor Marianne Alto.

Alto says the report will come before council at its next meeting and, if approved, would have to be incorporated into the city’s official community plan.

Find the report here.
pub-victoria.escribemeetings.c

pub-victoria.escribemeetings.comCommittee of the Whole - December 12, 2024

#VOTE #GeneralElection2024 #change

A quarter of sitting TDs are #landlords, more than half are #PropertyOwners. #Policy on #housing fails #renters, and enriches landlords.

Don't follow the US. "Never before have so few multibillionaires had so much wealth and so much economic and political power. These are not nice guys. They may come off as nice guys. They may make contributions to the local hospital or Boys & Girls club. But they are very, very, greedy people."

theguardian.com/business/2024/

The Guardian · Sanders and Warren push Democrats to fight for workers and ‘unrig’ economyBy Michael Sainato