this post was submitted on 07 Feb 2024
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Single mom Caitlyn Colbert watched as rent for her two-bedroom apartment doubled, then tripled and then quadrupled over a decade in Denver — from $750 to $3,374 last year.

Every month, like millions of Americans, Colbert juggled her costs. Pay rent or swim team fees for one of her three kids. Rent or school supplies. Rent or groceries. Colbert, a social worker who helps people stay financially afloat, would often arrive home to notices giving her 30 days to pay rent and a late fee or face eviction.

“Every month you just gotta budget and then you still fall short,” she said, adding what became a monthly refrain: “Well, this month at least we have $13 left.”

Millions of Americans, especially people of color, are facing those same, painful decisions as a record number struggle with unaffordable rent increases, a crisis fueled by rising prices from inflation, a shortage of affordable housing and the end of pandemic relief.

The latest data from the Harvard Joint Center for Housing Studies, released in January, found that a record high 22.4 million renter households — or half of renters nationwide — were spending more than 30% of their income on rent in 2022. The number of affordable units — with rents under $600 — also dropped to 7.2 million that year, 2.1 million fewer than a decade earlier.

In Congress, lawmakers are working on a bill that would expand a federal program that awards tax credits to housing developers who agree to set aside units for low-income tenants. Supporters say that could lead to the construction of 200,000 more affordable homes. Some lawmakers are also calling for more rental assistance, including a significant increase in funding for housing vouchers.

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[–] [email protected] 112 points 11 months ago (3 children)

Capitalism is forgetting that the number one rule of being a parasite is that you don’t kill the host.

[–] [email protected] 22 points 11 months ago

AI advancements as well as renewable energy should be a utopian paradise for all earthlings.

Instead its a tool to allow culling of the masses thru famine plague and war.

IMO, eventually there will be a tipping point.

[–] [email protected] 43 points 11 months ago (2 children)

The rule is "don't kill the host before you've had a chance to reproduce." Capitalism is good at finding new hosts.

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[–] [email protected] 20 points 11 months ago (4 children)

No man, credits to bulwark the insane rents people are charging will only cement the practice. Why does it take 3x your income to qualify to rent a place? Why haven't corporations and foreign investors been moved out of the single family home industry? Why hasn't a cap been put on Air Bnb and other short term rentals? How about changing the regulations to allow zoning changes which can allow more homes on existing lots?

The government, as usual, simply doesn't understand the problem! So frustrating.

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[–] [email protected] 5 points 11 months ago (1 children)

Housing Crisis 2, electric Boogaloo

[–] [email protected] 5 points 11 months ago* (last edited 11 months ago) (1 children)

Housing crisis, car payment crisis, credit debt crisis, Healthcare crisis... wait, sorry, forget any of that. Joe says the economy is great. Just look at the stock market.

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[–] [email protected] 82 points 11 months ago (4 children)

Lawmakers are scrambling to help

Are they though?

[–] [email protected] 21 points 11 months ago

Scrambling to make it look like you weren't just faffing off when you were supposed to be working? Like when your boss comes in and you've got a video game up on your screen? Or your wife comes home from out of town, and you're running around picking up laundry and pizza boxes? That sort of scrambling?

[–] [email protected] 31 points 11 months ago

Yeah. Landlords need help.

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[–] [email protected] 12 points 11 months ago

Hah, I'm looking forward to not being able to afford my rent when renewal comes up in a year.

I'll be making $110k, splitting the place with my brother, but who knows how much goes to my ex

[–] [email protected] 115 points 11 months ago* (last edited 11 months ago) (5 children)

After failing to make a significant dent in the problem over the last decade, state and federal lawmakers across the U.S. are making housing a priority in 2024 and throwing the kitchen sink at the issue — including proposals to enact eviction protections, institute zoning reforms, cap annual rent increases and dedicate tens of billions of dollars toward building more housing.

They haven't done anything for decades...

But we should believe them now in the run up to an election that after the next election they'll really do something.

They've been saying the same thing as far back as I can remember, but as soon as their elected they go back to ignoring it.

We need to get the Republicans and neoliberals out of office if we want actual progress. Neither of them will actually fix this shit, because the people donating them money don't want it fixed.

The most we'll get is billions to real estate moguls to subsidize them building high end housing that doesn't address the issue.

[–] [email protected] 15 points 11 months ago

Sometimes they only campaign on "the rent is too damn high!"

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[–] [email protected] 49 points 11 months ago (1 children)

Single mom Caitlyn Colbert watched as rent for her two-bedroom apartment doubled, then tripled and then quadrupled over a decade in Denver — from $750 to $3,374 last year.

In Denver, Colbert’s bathroom roof partly caved in from a leak last year, and the landlord delayed a fix even as rent went up $200 a month.

There's a name for landlords like that: slum lords.

[–] [email protected] 40 points 11 months ago (2 children)

Meanwhile companies are raking in record profits, and the rich get richer. This won't stop until the workers seize the means of production.

[–] [email protected] 22 points 11 months ago

the means of production was offshored decades ago

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