Sen. Warren Demands Profit and Rent Figures From Companies Following Pandora Papers Revelations
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On Thursday, the Democrat sent letters to Progress Residential, Invitation Homes and American Homes 4 Rent, companies that have acquired tens of thousands of suburban homes across the United States. Warren accused the companies and other large investors of pricing out first-time home buyers, contributing to skyrocketing rents and pursuing needless evictions.
“Big investors have helped drive housing prices further upward over the last year, straining families’ budgets as they grapple with the pandemic,” the letters said. “When potential homebuyers are unable to compete with large investors and their seemingly limitless cash on hand, they are forced to rent.”
The inquiries come as a relatively new real estate phenomenon is spreading in suburban neighborhoods across the United States: large companies buying up thousands of single-family homes every month and putting them up for rent.
The letters demand information about company profits, rent increases, evictions and fees imposed on renters, citing recent critical coverage of the industry by The Washington Post and the International Consortium of Investigative Journalists.
Jesus: Hey, Dad? God: Yes, Son? Jesus: Western civilization followed me home. Can I keep it? God: Certainly not! And put it down this minute--you don't know where it's been! Tom Robbins in Another Roadside Attraction
January 15, 2022 at 12:36 PM #465988djean111Participant
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detailing just how they are being fucked over. Campaign material for the next election
America is not a country, it's just a business. (Brad Pitt, Killing Them Softly)
Everything I post is just my opinion, and, honestly, I would love to be wrong.
A YouTube comment – we need new conspiracy theories – the old ones have all come true.
January 15, 2022 at 5:33 PM #466019closeupreadyParticipant
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Ms. “Capitalist to my Bones” can’t blame capitalists for capitalizing on opportunities, any more than we can blame snakes for snaking, betraying for political gain those who they misled as being their loyal friend. It’s just what they do. Capitalists gotta capitalize. Snakes gotta snake.
The opinions and personal views expressed herein are solely those of the author, and should never be taken seriously.
January 15, 2022 at 8:24 PM #466043YanathParticipant
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The insatiable, sociopathic, predatory nature of capitalism, makes monopolization and universal rentier inevitable. It’s as plain as the nose on your face. I don’t know why people can’t see it, especially smart, educated ones, like Elizabeth Warren.
January 21, 2022 at 9:51 PM #467061snotParticipant
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You can’t devise – or promote – an effective solution to a problem without first getting the facts about it. Here’s hoping she gets the info and actually does something helpful with it.
Destruction is easy; creation is hard, but more interesting.
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