Jump to content
House Price Crash Forum
Sign in to follow this  

Us - The Poor Are Squeezed As Rental Housing Demand Soars

Recommended Posts


Violeta Torres cannot afford her apartment.

Ms. Torres, a 54-year-old nanny, pays $828 a month for a rundown one-bedroom that she keeps spotlessly clean, making the rent by letting an acquaintance sleep on a mattress in the living room for about $400 a month. But her one-bedroom happens to be in the booming neighborhood of Columbia Heights, where such an apartment, once renovated, would easily command twice the price.

As a result, her landlords have been trying to drive the tenants out of the building, she explained in Spanish. The broken fire alarms go off in the middle of the night. The common areas are filthy, and the apartments have been infested by rats, bedbugs and cockroaches.

And in March, she said, the landlords raised the rent. She has simply ignored the additional $261 a month they have demanded, she said, as have her neighbors, most of them also immigrants from El Salvador.

“I don’t have the money,” Ms. Torres said.

She struggles to stay and cannot afford to leave. She makes about $1,000 a month caring for two toddlers. She sends $250 to her mother, who recently emerged from a diabetic coma and needs insulin. And $100 goes to her mother’s caretaker. After rent, that leaves just $200 or $250 for her.

Wow it could fetch twice.... must be a high demand for people to live with rats and cockroaches.

Share this post

Link to post
Share on other sites

It seems to be the same thing going on everywhere, it's like a giant game of monopoly where 1% of the players own all the properties.

I wonder what the critical mass of poor/homeless has to become before there is teh will to do anything about it? I am sure history can tell us.

Share this post

Link to post
Share on other sites

History seems to tell us that the poor will need a leader to help them rise up, Lenin, Mao, Hitler, Mugabe type characters ...

WW3. There must be record levels pissed off repressed people now in every country in the world.

Hence the NSA spying etc. (Hi there NSA, you reading this post?)

Perhaps a China, Japan conflict will spark it all off, but I guess the 1% don't want that as it will affect their wealth. Having said that Max Keiser was saying the other day that there is now so many billionaires that they will turn on each other.

Share this post

Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   210 members have voted

    1. 1. Which of the Prime Minister's options would you choose?

      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.