Charlesinrichmond

Charlesinrichmond t1_j68rqyp wrote

"Black homeownership rates increased slightly, from 47% to 49%, but still lag behind white homeownership at 70%."

we really need to do better on this front. Not sure how. Maybe better low income housing loan programs? What we have is perhaps too complicated for the people it's aimed at, we need something simpler

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Charlesinrichmond t1_j68qsjt wrote

Edited to make it easier to comprehend for those who can't:

The idea that corporations buying houses IS THE PROBLEM is literally completely wrong and a myth. It also makes no mathematical sense, it's like telling someone not to work to earn more money by sitting on the couch and playing xbox.

If they make money by leaving them empty, imagine how much money they would make by destroying them! Or never buying them in the first place! Think of the billions you've made from the apartments you are renting for zero! It's completely ridiculous isn't it?

It's popular enough though to now have a new article in the Atlantic debunking it

https://www.theatlantic.com/ideas/archive/2023/01/housing-crisis-hedge-funds-private-equity-scapegoat/672839/

the software bit has a grain of truth, but it's way way overblown, it only applies to certain large companies who have a small share of the market

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Charlesinrichmond t1_j68qd8z wrote

quote from RTD on this Affordable Housing paper

"average apartment in the region went for nearly $1,400 at the beginning of 2022, a $300 increase from two years prior. The steepest rent increases were in counties, especially among apartments with two or three bedrooms."

You'd think the rent increases were in the city from what you read here. Or that apartments were 2k...

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Charlesinrichmond t1_j66pm3o wrote

Four more days in dry January I'm looking forward to having a glass of wine again. Seven more pounds to lose before I can have beer again sadly

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Charlesinrichmond t1_j61ebyr wrote

Property crime has soared. And the sad truth is the murder statistic is strongly influenced by VCU hospital, shootings went up, just fewer of them died

The city isn't particularly dangerous, but if we ignore the fact that crime stats are getting worse it could go that way

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