Addendum 1

* Vancouver B.C: growing population
* construction of new affordable apartments not economically viable
* increased competition for available apartments
* Vancouver real estate so expensive that only profitable approach to new rental units is towers w. hundreds of $million+ units
* meanwhile empty/vacant apartments/condos: offshore wealth shelters
* private equity exacerbates already dire availability/affordability situation

#AffordableHousing #capitalism #corporations #profiteering

Addendum 2

Impact of Short-term Rentals on Canadian Housing
Using data collection & analysis to investigate effects of short-term rentals
https://www.cmhc-schl.gc.ca/en/nhs/nhs-project-profiles/2020-nhs-projects/impact-short-term-rentals-canadian-housing

* short-term rental services such as Airbnb disrupted housing markets across Canada, around the world
* popularity led to apartments & houses converted f. traditional long-term housing rentals into STR

#AffordableHousing #Airbnb #neoliberalism #capitalism #profiteering #corporations #DefundCorporations #PrivateEquity #homelessness

Addendum 3

Avg. price for Canadian rental unit hits record high in 2023-06
https://www.ctvnews.ca/business/average-asking-price-for-canadian-rental-unit-hits-record-high-in-june-rentals-ca-1.6478222
https://rentals.ca/national-rent-report

*avg. price for rental unit in Canada reached a record $2,042 last month amid continued interest rate hikes, population expansion, low unemployment
* Vancouver was Canada's priciest city for renters: 1-bedroom $2,945; 2-bedroom $3,863

#Canada #Vancouver #Toronto #AffordableHousing #HumanRights #WealthInequality #inflation #CorporateGreed #PrivateEquity #corporations

Addendum 4

[artwork]
Rent Hikes: As rents continue to increase in USA, eviction filings jump 50% above pre-pandemic levels
https://www.thenation.com/article/economy/rent-hikes/

UNITED STATES

Tenants push Biden for rent control on all government-backed housing
Tenants are organizing to require rent control for landlords who receive federal support
https://wagingnonviolence.org/2023/07/tenants-push-biden-for-rent-control-government-backed-housing

LA Promised to Preserve Low-Cost Housing. Tenants’ Homes Were Turned Into Hotel Rooms Anyway
https://www.propublica.org/article/meet-people-uprooted-by-american-hotel-los-angeles

#AffordableHousing #inflation

Addendum 5

'This is a very serious issue': Growing concerns over illegal Airbnb listings flooding the Vancouver market
https://bc.ctvnews.ca/this-is-a-very-serious-issue-growing-concerns-over-illegal-airbnb-listings-flooding-the-vancouver-market-1.6492769

Our city is experiencing a housing crisis and some people are taking advantage of the system and trying to make some money using some illegal short-term rental."

Under City of Vancouver regulations, you need a valid business licence to operate a short-term rental, and it’s illegal

#Canada #Vancouver #Airbnb #HousingCrisis #AffordableHousing

Addendum 6

How We Found What the City of Los Angeles Didn’t: Landlords Renting Low-Cost Housing to Tourists
Hotel ads, booking sites and guest reviews
Tourists staying in rooms meant for low-cost housing
Yet the city’s Housing Department has cited few landlords for violating the residential hotel law
https://www.propublica.org/article/we-found-los-angeles-landlords-renting-residential-hotels

#LosAngeles #AffordableHousing #ShortTermRentals #homelessness #corporations #DefundCorporations #PrivateEquity #inflation #CorporateGreed #HumanRights

Addendum 7

Montreal: Inside the Airbnb hustle taking homes off the market
Short-term rental scheme earning big money for entrepreneurs & property owners; leaving renters homeless
https://ricochet.media/en/3976/the-montreal-shuffle-inside-the-airbnb-hustle-taking-homes-off-the-market

* joint investigation into Airbnb & housing crisis: https://www.gofundme.com/f/investigating-airbnb-enqueter-sur-airbnb
* Pivot Legal Society: https://en.wikipedia.org/wiki/Pivot_Legal_Society
* French version: https://pivot.quebec/2023/08/03/la-combine-de-montreal-la-nouvelle-astuce-airbnb-qui-transforme-les-logements-en-argent-comptant

#Canada #AffordableHousing #ShortTermRentals #Airbnb #PivotLegalSociety #homelessness #corporations #DefundCorporations

Addendum 8

Landlords’ Anti-Rent-Control Argument Is B.S.
https://socialistproject.ca/2023/08/landlords-anti-rent-control-argument-is-pure-bs

* landlords, their defenders can’t defend the indefensible: rents soaring 92% in last decade
* squeezes working class tenants while corporate landlords like Essex ($408-million 2022 profits), Equity ($807-million), Avalon Bay ($1.1-billion) enrich billionaire class

#poverty #AffordableHousing #RentControl #capitalism #SocialistProject #PrivateEquity #DefundBillionaires #WealthInequality #PovertyIndustrialComplex

Addendum 9

Landlords Pushing U.S. Supreme Court to End Rent Control
https://jacobin.com/2023/08/supreme-court-landlords-rent-control-harlan-crow-clarence-thomas

* landlord lobbying groups want to overturn NYC rent stabilization law
* would pave way for legal challenges to rent control laws across U.S.
* 1 group tied to GOP megadonor/Clarence Thomas benefactor Harlan Crow, and hedge fund billionaire Paul Singer who provided private jet to Samuel Alito

#AffordableHousing #RentControl #DefundBillionaires #SCOTUS #HarlanCrow #PaulSinger #ClarenceThomas #SamAlito

Addendum 10

Every developer opted to pay Montreal instead of building affordable housing under bylaw
https://mastodon.social/@persagen/110928362532236819

Canada's housing affordability crisis requires wartime public effort: CUPE
https://cupe.ca/canadas-housing-affordability-crisis-requires-wartime-public-effort-cupe

Canadian Union of Public Employees: https://en.wikipedia.org/wiki/Canadian_Union_of_Public_Employees
* Canadian trade union serving public sector
* recent years organized workplaces in non-profit & para-public sector

#Canada #CUPE #AffordableHousing #HumanRights #capitalism #homelessness #socialism #unions

Addendum 11
See also Addendum 10

Conflict of interest: Montreal politicians making decisions on housing are also landlords
Review of financial declarations revealed major omissions, over a dozen evictions tied to 3 politicians f. across political spectrum
https://ricochet.media/en/3985/conflict-of-interest-montreal-politicians-making-decisions-on-housing-are-also-landlords

“We need elected officials looking at housing as a right … not a way of making money.”

* evictions, rent increases, unhappy tenants
* undeclared property

#Canada #Montreal #AffordableHousing #capitalism #corruption

Addendum 12

Big Real Estate Executives Among Top Donors to Pierre Poilievre’s Conservatives
Conservative Party’s donors include real estate investors & developers buying up affordable housing across Canada
https://mastodon.social/@persagen/111015899227109919

Example of the work of a sponsor
https://mastodon.social/@theteapixie@mstdn.ca/111016444543659978

“Forum Asset Management property recently criticized for Vancouver viral video showing housing unit in a former SRO hotel in DTES now a “micro suite” available for $2,000 a month”

#Vancouver #AffordableHousing

Addendum 13

Private equity, corporate greed is killing us
https://mastodon.social/@persagen/111016493496666866

https://persagen.com >> search: associa OR "Rhome Property Management"

Owners of

Agree to 40% rent hike or we may sell your homes landlord tells Surrey, B.C renters
https://www.cbc.ca/news/canada/british-columbia/40-per-cent-rent-hike-landlord-surrey-1.6830185

* seniors unable to afford rent increase
* property manager: Rhome / Associa
* Rhome B.C. management ALL Americans

#Vancouver #AffordableHousing #corporations #DefundCorporations #PrivateEquity #HumanRights #homelessness

Addendum 14

Artificial Intelligence Making Housing Crisis Worse

* private equity-backed AI screens tenants, set rents
* heightens errors, discrimination

https://persagen.com >> search:
"affordable housing" AND "private equity"
"affordable housing"
realpage

#AlgorithmicPricing #AutomatingInequality #SurveillanceCapitalism #optimization #EconomicInequality #BlackStone #Fundrise #JPMorganChase #RealPage #PrivateEquity #corporations #DefundCorporations #inflation #CorporateGreed #homelessness