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#housingcosts

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If you need another reason to strongly dis-like landlords and corporate housing, Killam Properties had its largest increase in operating revenue in Halifax ever in 2024. They still think they can get the rents 15% higher in the region.

If you ever think the the "market" has the best ability to lower housing costs, listen to a earnings call from ANY of the REIT companies out there.

cbc.ca/lite/story/1.7459688

www.cbc.caLarge landlord reports biggest operating income increase for Halifax apartments in last 5 years

Very good article about the large #homeless population in California.

Turns out #housingcosts, not #immigration, is driving it.

What the article misses is the #California #tax structure was gutted in the 80’s by #Prop13.

The public was sold on a greedy theft of generational wealth by not aligning taxes with housing prices.

theatlantic.com/ideas/archive/

And I sure don’t see many #churches stepping in to help.

The AtlanticThe Myth of Homeless MigrationBy Jerusalem Demsas