|
Housing Crisis In The United States
Since the 2020s, the United States has faced a growing Housing crisis, shortage of housing. The scope and effect of the housing crisis depends on the affected region or segment of the population. The housing shortage has been cited as a major factor in inflation in the US. Artificial scarcity in the supply of housing, due to NIMBY, NIMBYism, has been a significant factor in making housing more expensive. Freddie Mac estimated that the shortage of homes increased by 52%, to 3.8 million units, between 2018 and 2020. Cost burden The United States Department of Housing and Urban Development (HUD) defines affordable housing as "housing on which the occupant is paying no more than 30 percent of gross income for housing costs, including utilities." HUD uses the terms "cost burdened" and "severely cost burdened" to describe individuals or families that spend more than 30% and 50% of their income on housing costs, respectively. According to the 2020 United States census, U.S. census, 46% o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Housing Crisis
An affordable housing crisis or housing crisis is either a widespread housing shortage in places where people want to live or a financial crisis in the housing market. Housing crises can contribute to homelessness and housing insecurity. They are difficult to address, because they are a complex "web of problems and dysfunctions" with many contributing factors, but generally result from housing costs rising faster than household income. There is an ongoing decades-long increasing trend of cities around the world facing housing crises. Some notable examples of financial crises in the housing market are the American subprime mortgage crisis in 2007-2008 and the Chinese property sector crisis beginning in 2020. Global In much of the world, incomes are too low to afford basic formal housing, as housing expenses have increased faster than wages in many cities, especially since the 2008 financial crisis. In some places, this leads to informal settlement in slums or shantytowns, wh ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Social Inequality
Social inequality occurs when resources within a society are distributed unevenly, often as a result of inequitable allocation practices that create distinct unequal patterns based on socially defined categories of people. Differences in accessing social goods within society are influenced by factors like power, religion, kinship, prestige, race, ethnicity, gender, age, sexual orientation, intelligence and class. Social inequality usually implies the lack of equality of outcome, but may alternatively be conceptualized as a lack of equality in access to opportunity. Social inequality is linked to economic inequality, usually described as the basis of the unequal distribution of income or wealth. Although the disciplines of economics and sociology generally use different theoretical approaches to examine and explain economic inequality, both fields are actively involved in researching this inequality. However, social and natural resources other than purely economic resource ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
New York City Migrant Housing Crisis
The New York City migrant housing crisis is a migrant crisis that began in April 2022, exacerbated by the existing New York City housing shortage. It has been driven by the Venezuelan refugee crisis, and to a lesser extent that from Haiti and other countries. New York City is a sanctuary city. Texas Governor Greg Abbott's Operation Lone Star has seen the busing of migrants from the Mexico–United States border to sanctuary cities across the United States, initiated after the CDC announced rescinding of Title 42 expulsions on April 1, 2022. The Texas free busing does not constitute the majority of recent migrants, but it does account for many of the highest-need cases. The crisis has strained the city shelter system, and sparked controversy around temporary new shelters, as Mayor Eric Adams has sought to modify the 1981 consent decree for '' Callahan v. Carey''. Temporary protected status for Venezuelans, facilitating work permits with a goal of reducing dependency, was extended ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
New York City Housing Shortage
For many decades, the New York metropolitan area has suffered from an increasing shortage of housing, as housing supply has not met housing demand. As a result, New York City has the highest rents of any city in the United States. The New York metropolitan area has long-standing exclusionary zoning practices, which were frequently rooted in racism. Restrictive zoning regulations, which prohibited multifamily residential use and affordable housing, were intended to prevent non-whites from moving to white neighborhoods. The housing shortage in New York is driven by a lack of housing supply. Home construction in New York City lags far behind other major American cities. From 2010 to 2023, housing supply in the city increased by 4% while jobs increased by 22%. In the suburbs of New York City, restrictive zoning regulations are a key contributor to the undersupply of housing, as zoning laws either prohibit or disincentivize any but single-family detached homes in Nassau, Suffolk, W ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
California Housing Shortage
Since about 1970, California has been experiencing an extended and increasing housing shortage, such that by 2018, California ranked 49th among the states of the U.S. in terms of housing units per resident. This shortage has been estimated to be 3-4 million housing units (20-30% of California's housing stock, 14 million) . As of 2018, experts said that California needs to double its current rate of housing production (85,000 units per year) to keep up with expected population growth and prevent prices from further increasing, and needs to quadruple the current rate of housing production over the next seven years in order for prices and rents to decline. The imbalance between supply and demand resulted from strong economic growth creating hundreds of thousands of new jobs (which increases demand for housing) and the intentional, NIMBY-caused illegality of new housing units to meet demand. From 2012 to 2017 statewide, for every five new residents, one new housing unit was co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
United States Antitrust Law
In the United States, antitrust law is a collection of mostly federal laws that govern the conduct and organization of businesses in order to promote economic competition and prevent unjustified monopolies. The three main U.S. antitrust statutes are the Sherman Act of 1890, the Clayton Act of 1914, and the Federal Trade Commission Act of 1914. Section 1 of the Sherman Act prohibits price fixing and the operation of cartels, and prohibits other collusive practices that unreasonably restrain trade. Section 2 of the Sherman Act prohibits monopolization. Section 7 of the Clayton Act restricts the mergers and acquisitions of organizations that may substantially lessen competition or tend to create a monopoly. The Robinson–Patman Act, an amendment to the Clayton Act, prohibits price discrimination. Federal antitrust laws provide for both civil and criminal enforcement. Civil antitrust enforcement occurs through lawsuits filed by the Federal Trade Commission (FTC), the Antitrus ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Price Fixing
Price fixing is an anticompetitive agreement between participants on the same side in a market to buy or sell a product, service, or commodity only at a fixed price, or maintain the market conditions such that the price is maintained at a given level by controlling supply and demand. The intent of price fixing may be to push the price of a product as high as possible, generally leading to profits for all sellers but may also have the goal to fix, peg, discount, or stabilize prices. The defining characteristic of price fixing is any agreement regarding price, whether expressed or implied. Price fixing requires a conspiracy between sellers or buyers. The purpose is to coordinate pricing for mutual benefit of the traders. For example, manufacturers and retailers may conspire to sell at a common "retail" price; set a common minimum sales price, where sellers agree not to discount the sales price below the agreed-to minimum price; buy the product from a supplier at a specified maxi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
United States Department Of Justice
The United States Department of Justice (DOJ), also known as the Justice Department, is a United States federal executive departments, federal executive department of the U.S. government that oversees the domestic enforcement of Law of the United States, federal laws and the administration of justice. It is equivalent to the Ministry of justice, justice or interior ministries of other countries. The department is headed by the U.S. attorney general, who reports directly to the president of the United States and is a member of the president's United States Cabinet, Cabinet. Pam Bondi has served as U.S. attorney general since February 4, 2025. The Justice Department contains most of the United States' Federal law enforcement in the United States, federal law enforcement agencies, including the Federal Bureau of Investigation, the U.S. Marshals Service, the Bureau of Alcohol, Tobacco, Firearms and Explosives, the Drug Enforcement Administration, and the Federal Bureau of Prisons. Th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
RealPage
RealPage, Inc. is an American software company specialized in property management software for algorithmic rent setting. It is owned by the private equity firm Thoma Bravo. Its services are used to manage more than 24 million housing units worldwide in multifamily, commercial, single-family, and vacation rentals. In 2024, the United States Department of Justice sued RealPage, alleging that its software represented a price fixing scheme to raise rents. San Francisco banned algorithmic rent pricing in August 2024. Dana Jones is the chairman and chief executive officer. History RealPage was founded in 1998 with the acquisition of Rent Roll, Inc., a provider of on-premises property management systems for the conventional and affordable multifamily rental housing markets. RealPage moved its corporate headquarters to Richardson, Texas in 2016, and in 2017 acquired four companies: apartment market data provider Axiometrics; utility and energy management company American Utility Manag ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
ProPublica
ProPublica (), legally Pro Publica, Inc., is a nonprofit investigative journalism organization based in New York City. ProPublica's investigations are conducted by its staff of full-time reporters, and the resulting stories are distributed to news partners for publication or broadcast. In some cases, reporters from both ProPublica and its partners work together on a story. ProPublica has partnered with more than 90 different news organizations and has won several Pulitzer Prizes. In 2010, ProPublica became the first online news source to win a Pulitzer Prize; the story chronicled the urgent life-and-death decisions made by one hospital's exhausted doctors when they were cut off by the floodwaters of Hurricane Katrina,''The Guardian'', April 13, 2010Pulitzer progress for non-profit newsProPublicaPulitzer Prize in Investigative Reporting: Deadly Choices at Memorial and it was published both in the ''New York Times Magazine'' Sheri Fink, ''New York Times Magazine'', August 25, 2009 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Just Cause Eviction
Just cause eviction, also known as good cause eviction and for cause eviction, describes laws that aim to provide tenants protection from unreasonable evictions, rent hikes, and non-renewal of lease agreements. These laws allow tenants to challenge evictions in court that are not for "legitimate" reasons. Generally, landlords oppose just-cause eviction laws due to concerns over profit, housing stock, and court cases. The opposite of just cause eviction is no fault eviction. United States Federal programs Good cause is required for evicting a tenant in the Low Income Housing Tax Credit program, although the definition of what constitutes a "good cause" has fluctuated over time and can be defined by state and local governments. State programs New Jersey passed the Anti-Eviction Act of 1974, becoming the first state to enact a just cause eviction law. California passed the Tenant Protection Act of 2019 to remedy the state's housing shortage, leading to renewed interest in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Housing Inequality
Housing inequality is a disparity in the quality of housing in a society which is a form of economic inequality. The right to housing is recognized by many national constitutions, and the lack of adequate housing can have adverse consequences for an individual or a family.Sen 2004 p. 61 The term may apply regionally (across a geographic area), temporally (between one generation and the next) or culturally (between groups with different racial or social backgrounds). Housing inequality is directly related to racial, social inequality, social, income and Economic inequality, wealth inequality. It is often the result of Free market, market forces, housing discrimination, discrimination and Housing segregation in the United States, segregation. It is also a cause and an effect of poverty.Yinger 2001p. 360 Residential inequality is especially relevant when considering Amartya Sen’s definition of poverty as "the deprivation of core capabilities". Economic inequality Disparities in hous ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
