Investors have purchased up to 30 percent of available homes at different points over the last few years, mostly turning them into rental housing. Most of the buyers are smaller investors, but Harris, Vance and other critics including Sen. Sherrod Brown (D-Ohio) are focusing on larger entities — those such as private equity firms that buy 100 homes or more — arguing that they’re freezing homebuyers out of the market and jacking up rents.
If you check California’s official voter guide — or even the text of the proposed law — for information on Prop 34, they’ll tell you the measure requires “certain providers” to spend virtually all of the money they receive from a federal prescription drug program on patient services.
But the measure’s backers have repeatedly pointed to one group that would likely be subject to the requirements. And that group says it’s being illegally targeted.
CHICAGO — Democrats are trying to turn a political vulnerability, housing affordability, into a winning issue for November. The strategy carries significant risk: It’s likely to spark a host of fights across blue cities and states.
Top party leaders are leaning into what’s long been a perilous issue for the Democratic Party in response to voter outrage over the crunch of housing supply and the rising costs of homes and rents.
Legislature considering a bill that would make it easier for developers to build housing in high fire danger zones. Anyone still believe the YIMBYs give a fraction of a flip about housing affordability and struggling working Americans? No — the YIMBYs are about the almighty dollar. They are rapacious capitalists perversely masquerading as crusading social reformers.
These news items illustrate a larger story about the United States in this moment.
The Biden administration has quite deliberately overturned the supply-side economics that came into ascendancy in 1981 when President Ronald Reagan took office and that remained dominant until 2021, when Biden entered the White House.
With a $27 billion shortfall looming over the state, Gov. Gavin Newsom is eyeing a total of $1 billion in cuts to several housing programs aimed at financing and preserving existing affordable housing.
“There are components of our housing strategy where we are making adjustments, but the core mission remains firm,” Newsom said during a press conference announcing his proposed budget Friday.
The Great Housing Challenge: WHAT MATTERS TO CONSTITUENTS? A 4-part Town Hall Series on Zoom (August-November) Thursday nights, 5:00-6:30 pm Part 4: The Constitution Matters! An LA Court (4/24) found SB9, the Accessory Dwelling Unit (ADU) law, unconstitutional. The ruling could ultimately have a broader impact on the state’s ability to enforce SB 9 and other housing laws in all of California’s 121 charter cities. Presenters: Attorney Pam Lee, Aleshire & Wynder, argued the winning SB9 case. Her colleague, attorney Sunny Soltani (invited), is an expert on how to become a charter city. The California Dream is collapsing into a California Nightmare! Legislators have passed 150 laws since 2017, without increasing the supply of affordable housing. Evidence shows conditions are getting worse. What matters? Affordable housing, of course. And also safety, taxes, elections, and the constitution. SIGN UP FOR THE SERIES TODAY Register Sign up once and re-use your Zoom link throughout the series.
A weekly Zoom call to talk about housing legislation and strategies to preserve local control. Bring your questions and ideas. Informal networking, announcements, and updates. PLEASE NOTE: You have to register in advance the first time to get the new Zoom link. After registering, you will receive a confirmation email containing information about joining the meeting. The Zoom link will work for the rest of the year. REGISTER
A weekly Zoom call to talk about housing legislation and strategies to preserve local control. Bring your questions and ideas. Informal networking, announcements, and updates. PLEASE NOTE: You have to register in advance the first time to get the new Zoom link. After registering, you will receive a confirmation email containing information about joining the meeting. The Zoom link will work for the rest of the year. REGISTER
A weekly Zoom call to talk about housing legislation and strategies to preserve local control. Bring your questions and ideas. Informal networking, announcements, and updates. PLEASE NOTE: You have to register in advance the first time to get the new Zoom link. After registering, you will receive a confirmation email containing information about joining the meeting. The Zoom link will work for the rest of the year. REGISTER
A weekly Zoom call to talk about housing legislation and strategies to preserve local control. Bring your questions and ideas. Informal networking, announcements, and updates. PLEASE NOTE: You have to register in advance the first time to get the new Zoom link. After registering, you will receive a confirmation email containing information about joining the meeting. The Zoom link will work for the rest of the year. REGISTER
