The housing 'crisis' | July 5, 2019 | Mountain View Voice | Mountain View Online |

Mountain View Voice

Opinion - July 5, 2019

The housing 'crisis'

New ideas needed to address shortage of homes

by Robert Pollak

As an aftermath of the financial crisis of 2008, when it was decided to bail out investors and let middle- and lower-income people fend for themselves, millions of single-family homes went into foreclosure. These homes went into the coffers of well-capitalized partnerships and syndicates. They were the ones with the money to pick up bargains. Today, rental housing is owned mainly by large partnerships and corporations far removed from renters.

This story contains 480 words.

Stories older than 90 days are available only to subscribing members. Please help sustain quality local journalism by becoming a subscribing member today.

If you are already a subscriber, please log in so you can continue to enjoy unlimited access to stories and archives. Subscriptions start at $5 per month and may be cancelled at any time.

Log in     Subscribe


Sorry, but further commenting on this topic has been closed.

Get fact-based reporting on the COVID-19 crisis sent to your inbox daily.