On the California CARE act and whether mental health provisions are sufficient to make a dent in the homeless problem (hint: they’re not) https://www.sandiegouniontribune.com/columnists/story/2023-09-24/michael-smolens-will-democrats-face-a-backlash-over-care-court
https://www.thisismoney.co.uk/money/article-12375177/Santander-protects-customers-mortgage-hike-Bank-Englands-rate-rise.html
This isn’t just happening in Portugal. The financialization of housing is an issue in many countries and cities. However, the benefits need to be considered and how anf whethet locals are sharing in on the benefits. https://www.theguardian.com/world/2023/jul/29/portugals-bid-to-attract-foreign-money-backfires-as-rental-market-goes-crazy?CMP=Share_AndroidApp_Other
https://www.washingtonpost.com/business/2023/03/18/senior-care-costs-too-high/
The $40 Billion Housing Headache Facing New York’s Next Mayor [“https://www.bloomberg.com/news/articles/2021-05-27/the-40-billion-housing-headache-facing-new-york”]
https://www.architecturaldigest.com/story/brad-pitt-make-it-right-foundation-new-orleans-katrina-lawsuit
https://www.bbc.co.uk/news/extra/tgh54itx0b/grenoble-children-jump-from-fire
A fully privatized mortgage market will fundamentally change mortgage credit. The US is the only mortgage market in the world with a fixed rate for 30 years. It only works because most mortgages have no credit risk. Once you remove the govt guarantee you then have both credit risk and interest rate risk. Investors facing …
Another example where social policy in the UK is broken. https://amp-theguardian-com.cdn.ampproject.org/c/s/amp.theguardian.com/society/2020/nov/14/waiting-list-for-council-homes-in-england-will-double-to-2-million