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Rhiannon12866

(239,752 posts) Sun Jun 29, 2025, 12:31 AM Jun 29

'More empty homes in America than there are homeless people': Affordability agenda drives NY primary - Velshi - MSNBC

Critics debate whether the primary win of Zohran Mamdani is a referendum on the future of the Democratic party. One thing is certain – he clearly struck a nerve with voters, and it’s that Americans can barely afford to live in this country.

Author and economics professor Andre Perry argues that nothing will be affordable if wages can’t keep pace with rising costs. He notes that New York City has “lost 75,000 middle income jobs” just in the last year.

According to radio show host and NYT best-selling author, Thom Hartmann, the housing crisis has been driven in part by giant corporations buying up properties and driving up costs, stating when prices “you start to see homelessness explode in these communities.” - Aired on 06/28/2025.

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'More empty homes in America than there are homeless people': Affordability agenda drives NY primary - Velshi - MSNBC (Original Post) Rhiannon12866 Jun 29 OP

There are more than 11,000,000 million homes being kept of the market by REITs to keep housing values inflated. marble falls Jun 29 #1

This has been an ongoing problem Inkey Jun 29 #2

marble falls

(67,162 posts)

1. There are more than 11,000,000 million homes being kept of the market by REITs to keep housing values inflated.

Reply to Rhiannon12866 (Original post)

Sun Jun 29, 2025, 12:40 AM

Jun 29

Inkey

(418 posts)

2. This has been an ongoing problem

Reply to Rhiannon12866 (Original post)

Sun Jun 29, 2025, 01:00 AM

Jun 29

Since the late 1980's in my opinion.
Something changed in the pricing
market. Slowly but surely we were being
squeezed by the investor class.
Fortunately I was just ahead of their plans.
Watching it during the 1990's really made
me reevaluated the power of our
investor class.
The bitcon phenomenon really seems
to be the next idea foisted upon US all.

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