Housing

This is jaw-dropping:

Ultimately government leaders’ actions — or inaction — could shape Boston’s identity for decades, experts say.

“The next generation is in trouble, unless they have wealthy parents who can help,” said economist Barry Bluestone, professor emeritus at Northeastern University.

“We have some housing for the very poor,” built with the help of state and federal subsidies, Bluestone said. “And there’s more than enough for the very wealthy. But everybody in between — the working and middle class — is just being priced out of the city at a faster and faster pace. And those are the people who, let’s be honest, make the city.”

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It is often hard to tell who owns high-end US real estate, as affluent people frequently buy property through shell companies that protect their transactions’ confidentiality. It’s even harder to know how many buyers actually reside in such residences.

At One Dalton, about 15 percent of the building’s 171 units remain unsold, four years after the building opened, according to city and state records as of Sept. 25. Griffin, the spokesperson for One Dalton’s developer, said that although numerous units are unsold, some are not being marketed at this time.

Meanwhile almost two-thirds of One Dalton buyers are limited liability corporations, trusts, or other entities that can enable owners to obscure their identities.

There is no definitive way to tell how many residents sleep there, or for how many days a year. But there is this suggestive indicator: Only 16 percent of One Dalton’s units have owners who filed for a residential tax exemption, affirming that it was their primary home, city records show.

This paper examines whether homeowner opposition to nearby housing development affects local councillors’ votes on housing bills. Homeowners benefit financially from restricted housing supply through increased housing prices. City councillors, who approve housing development applications, cater to the needs of homeowners who are often long-term resident voters with a financial stake in neighbourhood amenity levels. Using data from Toronto, Canada from 2009 to 2020, we identify housing bills through a machine learning algorithm. We find that councillors who represent more homeowners oppose more housing bills. In particular, councillors are significantly more likely to oppose large housing developments if the project is within their own ward.

Photographer Andrew Chapman was 20 years old and at photographic college in 1974 when he started an assignment documenting the housing commission flats around Melbourne.

‘Back in those days you could just walk into a block of flats, take the lift up to the top floor and take photographs. It’s hard to believe it was that easy, but they were different times’

The home secretary claimed streets risked being “taken over” and that without action British cities would see “an explosion of crime, drug taking, and squalor”.

She added that many of those living in tents were “from abroad”. Those who were genuinely homeless would always be supported, she said.

But in a raft of criticism over her remarks, she was accused of “disgraceful” politics and of blaming the most vulnerable for her government’s failings.

Even former Tory MPs condemned her push to fine charities who give tents to the homeless – part of proposals pitched to be included in the King’s Speech on Tuesday.

Major cities have scaled back those requirements in recent years while others like Portland and Minneapolis have gotten rid of them altogether. San Jose, which has only a few thousand fewer residents than Austin, did away with the requirements last year.

Austin City Council Member Zohaib “Zo” Qadri, the proposal’s author, said keeping those requirements makes no sense as the city faces an affordability crisis and pumps billions of dollars into expanding public transit.

“It gobbles up scarce land. It adds burdensome costs to developments that get passed on to renters and buyers. It makes it harder for small businesses to get off the ground. And it harms walkability and actively works against our public investments in transit, bike lanes, trails and sidewalks,” Qadri said Thursday.

Rents have rocketed and property prices are hot, but the Reserve Bank of Australia (RBA) has changed the way it looks at the market and a key analysis panel that examines housing issues has not met for more than a year.

The Housing Market Discussion Group brought together internal experts to share insights on household budgets, the lending markets and the stability of our financial system.

It hasn't met since September 8 2022.

Documents sought through the Freedom of Information (FOI) process reveal the most recent meeting of the group — also known as the Domestic Housing Community Meeting — was one day after the central bank hiked interest rates for a fifth time.

The complaint, filed earlier today by Attorney General Brian Schwalb, focuses on the multifamily landlords' use of software from Texas-based firm RealPage, which suggests rental prices based on a pricing algorithm. Key to those models, according to the suit, is the data fed in from the landlords and the pressure RealPage puts on them to stick to the code-derived rental rates.

"RealPage and the defendant landlords illegally colluded to artificially raise rents by participating in a centralized, anticompetitive scheme, causing District residents to pay millions of dollars above fair market prices,” Schwalb said in a release tied to the complaint.

Advocates for homeless people refer to the planters as “hostile architecture” meant to push the homeless population out of sight. The strategy is far from new: For years, frustrated residents and business owners in San Francisco, and even the city itself, have turned to architecture to prevent encampments on the street — things like planters, boulders or rocky pavement, windowsill spikes, curved or slanted or segmented benches, or even loud music or sprinklers meant to prevent the unhoused from sleeping, sitting or setting up camp in certain public spaces. 

A letter signed by a cross-party group of local authority leaders in England indicates that some town halls in effect face bankruptcy and describes mounting temporary housing bills for homeless households as a “critical risk to the financial sustainability of many local authorities”.

It calls for an immediate cash injection of £100m for councils to provide emergency rent support for families at risk of homelessness, together with an end to the four-year freeze on housing allowance rates and long-term investment in social housing.

“Without urgent intervention, the existence of our safety net is under threat,” says the letter to Hunt, the chancellor. “The danger is that we have no option but to start withdrawing services which currently help so many families to avoid hitting crisis point.”

The worst-hit councils are now spending millions of pounds a year – in some cases between a fifth and half of their total available financial resources – to try to cope with an unprecedented and rapid explosion in homelessness caused by rising rents and a shrinking supply of affordable properties.

The scale of the crisis means smaller councils, often in affluent shire counties, are struggling to supply enough emergency homes to meet their legal duty to support homeless families. Homelessness rates in some districts have more than doubled year on year.