I was listening to NPR this morning and heard a story about VineBrook Homes, an investment company buying up houses in Indianapolis, IN. to rent out. Stories like these make my blood boil. As if the housing crisis isn’t bad enough, wall street has to come in and make it even worse.
Representative Ro Khanna (CA) has written a bill to address this issue. Institutional investors are predicted to own up to 40% of rental properties by 2030. Think the rent’s too high now?
Not only do corporate landlords have a shoddy record of fixing repairs and providing safe housing, think about what this might mean politically. If young people can’t buy a home, and they become perpetual renters, will that influence their voting habits as their housing options become less and less desirable? What will this do to school funding? Or municipal services?
Historically, homeowners vote more often than renters but this may be changing.
Personally, I received bad news this week about my application to the Housing Choice Voucher program, I didn’t win the lottery or a place on the waitlist, I’m stuck here in hell for the foreseeable future. The TV is not working. again. We have microwaves in all the communal kitchens, but someone has taken all the glass platters you put plates on. Staff drops in but doesn’t stay long or hide behind blinds. My neighbor loves waking me at all hours banging on our shared wall and screaming into her phone or her guest? I don’t know. Saturday- my back is killing me again, I may be late to replying to comments. One of the pc’s in the media room isn’t working. And, I’ve lost my key fob again, meaning I’m stuck in building until I get a new one.
Monday is Yom Kippur Good Yuntif or Yom Tov
And the poll will not post again.