Independent thinking for complex markets and current events
NYC Mayor Zohran Mamdani has launched a strong crackdown on bad landlords. The city is now aggressively using fines, liens, and foreclosure to seize buildings from negligent or repeat violator landlords and transfer them to tenant cooperatives, community groups, or public control. 🇺🇸 Mamdani announced the city will strip landlords of their buildings and hand …
The federal government is finally enforcing proof of citizenship for Section 8 housing. Millions of dollars in taxpayer-funded benefits that were previously going to those ineligible could now be reclaimed. Communities could see a sudden shift in housing availability, and the ripple effects may shake local housing markets. Legal and bureaucratic challenges are inevitable, but …
Jan 6, 2024 A building deemed unsafe but still being inhabited was boarded up in Harvey. However, some of the tenants were boarded inside. It started that afternoon when crews without any logos on their clothing or vehicles started boarding up units. Residents say they weren’t warned and that the workers ignored residents telling them …
A complete writeup of our vacancy index methodology can be found here: https://t.co/IRWYcXCdQn And the complete dataset, including local estimates for hundreds of locations across the U.S., is available here:https://t.co/NpXMOeVbSD 10/ — Igor Popov (@IAPopov) August 30, 2023 We’ve also filtered out smaller props (<10 units), which need to have high vacancy rates to appear …
In a case that promises to utterly upend New York politics — and boost the city’s housing market — the Supreme Court may soon strike down the essence of the rent control laws. Local politicians love nothing more than to gesture on behalf of cheaper housing, as with the City Council bill aiming to force landlords to pay broker …
via YAHOO: SAN FRANCISCO (AP) — Retiree Pamela Haile has paid property taxes, insurance and other bills on a house she lets out in Oakland, but for more than three years her tenants have paid no rent thanks to one of the longest-lasting eviction bans in the country. The eviction moratorium in the San Francisco …