Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Liberal YouTubers

jmbar2

(6,818 posts)

6. What worries me is further monopolization over housing by private equity firms

Reply to bucolic_frolic (Reply #5)

Sun Mar 23, 2025, 11:41 AM

Mar 23

Especially "affordable" housing complexes constructed with LIHTC funds. As their maturity dates come up, they get bought by private equity and rents raised above affordable levels for lower-income folks.

In a better world, I'd like to see state or federal government buy up these properties to preserve affordable housing. It would be much cheaper than building new affordable housing, or dealing with a massive increase in homelessness.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

8 replies

= new reply since forum marked as read

Highlight:

2 MILLION VACATION RENTALS ( For Sale) About To Flood The Market [View all] Exp Mar 22 OP

any time someone says "these are facts the elites don't want you to know..." cab67 Mar 22 #1

Craigslist - recruiting "property preservation" contractors for Brookstone Mgmt Equity jmbar2 Mar 22 #2

Lock changes, evictions, REO work.. sounds like Brookstone is counting on a number of foreclosures.. Exp Mar 22 #3

Same ads are appearing all over the US! jmbar2 Mar 22 #4

It's broad trends, and supports the idea that 2026 will be one horrendous year bucolic_frolic Mar 22 #5

What worries me is further monopolization over housing by private equity firms jmbar2 Mar 23 #6

There is a fledgling "community housing" movement in a few locales bucolic_frolic Mar 23 #7

I hope we can have sane goverment in place to go after that housing as it hits the market. jmbar2 Mar 23 #8