Oct 14, 2024 | Housing, Politics
By KATY O’DONNELL
10/14/2024 02:00 PM EDT
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.
Sep 27, 2024 | Politics
By Molly Burke, Hearst Fellow
Sep 27, 2024
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.
Aug 25, 2024 | Housing, Politics
By JORDAN WOLMAN and MELANIE MASON
08/25/2024
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.
Aug 16, 2024 | Housing, Opinion, Politics
by Christopher LeGras
August 15, 2024
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.
Jun 7, 2024 | Politics, Opinion
By Heather Cox Richardson
June 7, 2024
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.
May 10, 2024 | Housing, Politics
By KATE TALERICO
May 10, 2024
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.
