Thousands took to the bustling streets of Madrid on Sunday in a cry against the ruinous impacts of over-tourism and online accommodation giants like Airbnb, which are blamed for community disruptions across Spain’s capital and beyond. Placards were waved emphatically with the message “housing is a right, not a business,” and calls reverberated for action … Read more
Ireland’s housing crisis continues to deepen, leaving countless Irish families struggling to afford homes. However, the Irish government’s decision to spend hundreds of thousands on housing for Ukrainian refugees has sparked outrage among locals, who feel their own needs are being neglected The Housing Crisis in Ireland Since the 2008 economic crash, Ireland has grappled … Read more
“How expensive?” tracks measurements of California’s totally unaffordable housing market. The pain: Slightly more than half of California tenants pay 30% or more of their income for housing costs, compared with roughly one-third of homeowners. The source: My trusty spreadsheet looked at the latest Census Bureau stats tracking household housing expenses in 2023. Anyone paying … Read more
AFP Australian Prime Minister Anthony Albanese has conceded that the public service is exploring a range of policy ideas on housing, and did not rule out the possibility of the government revisiting changes to negative gearing. Albanese was responding to media reports that the Treasury has been tasked to “do a range of proposals” regarding … Read more
A shrinking number of Californians live in poverty. But the improvement is much too slow. My trusty spreadsheet reviewed the latest “supplemental” poverty measurements from the Census Bureau. These calculations weigh state-by-state incomes – that’s paychecks plus government assistance – against local costs of living. And as every Californian painfully knows, this is a pricey … Read more
Delivering a tough message in Parliament on Friday, the Reserve Bank of Australia (RBA) governor, Michele Bullock, warned it was premature to expect a cut in interest rates by the end of the year. Bullock admitted inflation remained high, and added official cash rate was a “blunt instrument” to fix the economy. “Based on what … Read more
In her first address as Chancellor, Rachel Reeves firmly stated her commitment to tackling the UK’s housing crisis, despite potential opposition from ‘nimbys’—those who resist new housing developments in their local areas. “It will be up to local communities to decide where the housing is built, but it has to be built. If the answer … Read more
In yet another sign of instability across California’s home insurance market, Allstate is seeking to raise policyholders’ premiums by an average of 34%. The insurance giant, the sixth-largest provider in the state, is asking regulators to approve what would be its steepest California rate hike in at least seven years. The increase would affect more … Read more
By ADAM BEAM | Associated Press SACRAMENTO — California lawmakers on Monday abandoned their attempt to repeal the nation’s only law requiring voter approval for publicly funded affordable housing projects, a provision added to the state Constitution more than half a century ago that aimed to keep people of color out of white neighborhoods. Most … Read more
The San Jose City Council has agreed to an ambitious plan to move about 500 homeless people living along waterways to sanctioned encampment sites throughout the city by the middle of next year — but it’s already gotten pushback from community members about its choice of locations. At the direction of state regulators pushing the … Read more
