Envy Apartment

Last week, we sponsored the 11th annual Points Summer Book Club , a community discussion of Matthew Desmond's piercing Evicted: Poverty and Profit in the American City . We debated the causes of eviction, the effect on children, how to view landlords' role, and what this discussion means for a city like Dallas. The book club also included an event with the author, in a partnership with Southern Methodist University 's SMU Reads program . On Thursday, Desmond spoke to a crowd of more than 900 people, laying out his research and his experience with evictions' damaging effect on people's safety, family, jobs and mental health. "When you add all that up, we have to conclude that eviction -- which used to be rare in this country, which used to draw crowds — it's not just a condition of poverty, it's also a cause of it. And it's making it worse. It's leaving a deep and jagged scar on the next generation — which means that we can't fix poverty in A...

The Oasis Terraces housing complex in Singapore and the original cast of “Rent” How to tell if one has made it in America? See if they own a home. For decades, homeownership has been one of the cornerstones of the American dream, and the U.S. housing market was the envy of the world. But that’s changed. The federal mortgage subsidy complex , which turned (white) America into a nation of homeowners in the postwar decades and helped build the world’s largest middle class , is no longer doing what it’s supposed to. Faced with stagnating wages and ballooning property prices , fewer Americans can afford to buy their own homes. The mortgage interest deduction and Fannie Mae and Freddie Mac are turning into regressive subsidies, channeling taxpayer money to rich homeowners and driving up housing costs while a growing group of middle-income renters must fend for themselves. Rent-stabilization laws have become weaker over time. And New York is dealing with a crumbling public housing infrast...

Palo Alto Jane Huang, 29 Huang moved to Palo Alto with her parents at the age of four. She attended local high schools and Stanford University. Yet despite her hard work, the Palo Alto housing market is too challenging for her to foresee a future in her hometown. “I went to Stanford, I work as a software developer, I make a six-figure income, and I still have to live with three roommates,” Huang said. “What more can I do?” Huang isn’t worried about not being able to pay her rent, but she is worried about doing anything that might upset her landlord. “Landlords have a lot more power here than they used to,” she said. “They know how impossible it would be for their renters to find anything else locally.” While her concerns for herself are real and serious — “With the current housing market , I’m afraid I’ll have to live with roommates for the rest of my life” — she’s equally concerned about what the housing market means for the many Palo Altans who weren’t fortunate enough t...

Last year, the Miami- Dade County Commission shot down a plan that would have forced local developers to include some affordable apartments in every new project. Commissioner Javier Souto claimed the idea was "social engineering," one of the most profoundly stupid things said in South Florida politics this decade. According to the study, almost two-thirds of Miami's poor are stuck spending more than half of their income on rent or living in roach-infested hellholes. "These households are defined as very low-income renters who do not receive government housing assistance and who paid more than one-half of their income for rent, lived in severely inadequate conditions , or both," HUD's researchers write. "High rents in proportion to renter incomes remain dominant among households with worst-case needs, leaving these renters with substantial, unmet need for affordable housing." Larger cities, including New York, Los Angeles, and Chicago, techn...