The Rent Is Too Damn High Party

Jimmy McMillan, who founded New York’s Rent Is Too Damn High Party, was just a little ahead of his time. Raising the issue of skyrocketing rents, both before and after the financial crisis, McMillan has had the issue pretty much to himself. Now, urban activists are wondering why the issue doesn’t come up in presidential debates…

The study finds housing costs – particularly skyrocketing rents – are largely absent from the 2016 presidential campaigns…

“You would think that housing affordability would be the number one issue in this year’s presidential contest, in light of the concern candidates from both parties have shown over the plight of America’s middle class,” said Kotkin. “But nowhere amongst the campaign rhetoric do we hear anything about this nation’s very real housing crisis…

In the wake of the financial crisis, banks made it much harder to qualify for a mortgage. As a result, homes for sale went begging while consumers competed for rental properties. The increased demand sent rents soaring.

The real estate industry has also tried to call attention to the plight of renters. In 2014 Zillow warned that rental affordability was currently much worse than mortgage affordability, largely because rents didn’t experience the huge drop seen in home values during the recession. Instead, rents continued to climb. As a result, renters have continued to pay a dangerously high percentage of their income for housing…

5 thoughts on “The Rent Is Too Damn High Party

  1. We are looking for a place to rent right now, it is crazy! We own a house in a different area of NC, but my hub and had to move to get a job after being laid off for 18 months. We thought we’d sell our house, we had offers, but they couldn’t get loans, no one on our neighborhood could sell for what their house was worth. Why? Because there was a foreclosure in our little neighborhood and that changes property values. How dumb is that?
    So now we are renting out our house, for almost exactly the mortgage. We have moved to a more expensive part of the state, and rent is more than our mortgage unless we live in a high crime district. Even then, it’s pretty high.
    Many places ask for $1000 for an efficiency. We need two bedrooms, hubby works from home a lot now, so he needs an office. So about $1600 often more. I really do not want to exceed $1200.
    It’s very hard, especially when we have certain requirements. Ground floor, no steps, not too far from parking, and doors wide enough for my walker to fit, and accepting pets.
    Rent is just too Damn High.
    And I don’t think the candidates are talking about much. A lot of hot air.
    This election is the worst I’ve ever seen.

    Liked by 2 people

  2. He’s about the only public figure I know of that i would vote for, aside from Cynthia McKinney or Cindy Sheehan, neither of whom are running for anything because liberals are too stupid to vote for someone sincere.

    My niece recently had to move back home as she couldn’t afford the $1,500 a month rent in a basement apartment in a two-fare zone in Brooklyn. Two fares means you have to take a bus and a train to get to work in Manhattan, a commute which takes 1.5 hours each way. During Hurricane Sandy her apartment was under 6 feet of water. No sooner than she had left the landlord jacked the rent up to $2,000 a month. I think we should go back to feudalism, when the rent was cheaper. They own us anyway.

    Liked by 1 person

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