Berkeley Poised to Address Affordable Housing Crisis With New “Landlord Tax”

Berkeley, California, has long been a bastion for artists, intellectuals, and their progressive ideals. It is home to UC Berkeley (3rd-ranked university in the world), which hatched the politically seminal Free Speech Movement, as well as Telegraph Avenue and People’s Park, epicenters of the counterculture movement of the later 60s and early 70s, and the first … Read more

Housing Advocates in New Orleans Take on Short-Term Rentals

Eleven years after the federal levee failures following Hurricane Katrina ravaged New Orleans, the city’s tourism industry has rebounded to pre-storm levels. In 2014, 9.52 million people visited New Orleans and spent a total of $6.81 billion, the highest recorded tourism spending in the city’s history. But while the revenue from increasing tourism has been … Read more

Rudy Giuliani Tax Break Continues to Hurt Tenants and Help Landlords

New York City is the poster city for rising rents. Given current trends, don’t expect that to change any time soon. New York’s municipal leaders, however, have not been idle in addressing this. The City and State are actively pursuing measures such as implementing city-wide rent freezes to slow rising rents. Yet, with so much … Read more

Rent Subsidies Fail to Help Homeless in Los Angeles

Laura Luevano, a homeless woman struggling with severe diabetes and arthritis, failed to find an apartment in Los Angeles after searching for several months–despite holding a federally subsidized rental voucher. She is one of more than 2,000 people in Los Angeles who remain homeless despite holding these rental vouchers. Her story represents one of many … Read more

The Simple Two-Part Solution to Poverty: Universal Basic Income and LVT

Imagine a society in which each citizen is guaranteed a minimum monthly income. People do not work to survive; they instead work to contribute to their country, supplement their income, and enrich their minds and bodies. Poverty rates have plummeted, and socioeconomic divides across an entire populace have shrunk. It may sound like a socialist … Read more

Roots of the San Francisco Rent Crisis: New Insights Using Old Data

If you’ve considered moving to San Francisco recently, you might have abandoned the idea when you learned that median rent for a 1-bedroom apartment is an astonishing $3,500 a month, essentially requiring an income of over $100,000 for a basic standard of living in the city. Those figures are very real. San Francisco rents are … Read more

4 Lessons on Economic Populism

By Alexandra W. Lough Numerous articles and studies published over the past eight years on the effect of the 2008 financial crisis on the future of America’s “millennial” generation have reached the same conclusion: at its best, the future is uncertain; and its worst, the future is downright bleak.  It’s not difficult to understand why.  While … Read more

99 Homes: A Film That Captures the Hardship Caused by the Crash

Rosemary Williams Evicted from 3138 Clinton Avenue South from Flickr via Wylio

Lacar Musgrove & Jacob Shwartz-Lucas On a July night in 2009, Sophia Ramos and her two grandchildren pitched a tent on a family-owned patch of property in a rural area of Hawaii. The two boys were crying. These weren’t spoiled kids reluctant to go camping –they were homeless. The Ramos family lost their home amid … Read more

McDonald’s Violates EU Anti-trust Laws

McDonalds Dominates a City Block

Consumer groups in Italy have banded together to file an anti-trust complaint against McDonald’s with the EU’s executive commission. The complaint alleges that McDonald’s has used its current strength in the market to gouge franchisees and, ultimately, consumers. The fast food giant is reportedly charging rents to franchisees that are ten times normal market rates. … Read more