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Chapter 5: In The Future, You Will Own Nothing Part 2
Going to continue Chapter 5.
“Average Sales Price of Houses Sold for the United States,” Federal Reserve Bank of St. Louis, accessed August 10, 2022, https://fred.stlouisfed.org/series/ASPUS.
“Average Sales Price of Houses Sold for the United States,” Federal Reserve Bank of St. Louis.
“Average Sales Price of Houses Sold for the United States,” Federal Reserve Bank of St. Louis.
Kim Parker, Juliana Menasce Horowitz, and Rachel Minkin, “Americans Are Less Likely Than Before COVID-19 To Want To Live in Cities, More Likely To Prefer Suburbs,” Pew Research Center, December 16, 2021, https://www.pewresearch.org/social-trends/2021/12/16/americans-are-less-likely-than-before-covid-19-to-want-to-live-in-cities-more-likely-to-prefer-suburbs.
Alexandra Ciuntu, “Would-Be Millennial Homebuyers Fuel the Rise of Lifestyle Renting in 2021,” RentCafe, December 3, 2021, https://www.rentcafe.com/blog/rental-market/market-snapshots/millennial-lifestyle-renting.
See “California housing crisis: Lawmakers reach deal on bills to boost homebuilding,” Associated Press, republished by CBS News Bay Area, cbsnews.com, August 25, 2022, https://www.cbsnews.com/sanfrancisco/news/california-housing-crisis-lawmakers-deal-ab2011-sb6.
“Blackstone Reports Fourth Quarter and Full Year 2021 Results,” Blackstone, January 27, 2022, https://s23.q4cdn.com/714267708/files/doc_financials/2021/q4/Blackstone4Q21EarningsPressRelease.pdf.
Kerry Curry, “Invitation to a Housing Revolution,” D, April 8, 2018, https://www.dmagazine.com/publications/d-ceo/2018/april/invitation-homes-rental-dallas.
“Blackstone to buy $1 billion worth of Tampa Bay homes for rentals,” Tampa Bay Times, September 24, 2012, https://www.tampabay.com/news/business/realestate/blackstone-to-buy-1-billion-worth-of-tampa-bay-homes-for-rentals/1252624.
“Blackstone to buy $1 billion worth of Tampa Bay homes for rentals,” Tampa Bay Times.
Larry Getlen, “How corporations are buying up houses – robbing families of the American Dream,” New York Post, July 18, 2020, https://nypost.com/2020/07/18/corporations-are-buying-houses-robbing-families-of-american-dream.
Angela Gonzales, “Phoenix again tops nation in single-family home rent growth, despite Covid-19 effects,” Phoenix Business Journal, bizjournals.com, September 15, 2020, https://www.bizjournals.com/phoenix/news/2020/09/15/phoenix-tops-nation-single-family-rent-growth.html.
“Blackstone’s Invitation Homes raises $1.54 billion in IPO: Source,” CNBC, cnbc.com, January 31, 2017, https://www.cnbc.com/2017/01/31/invitation-homes-raises-154-billion-in-ipo-source.html.
James Kleimann, “Blackstone gets back into the single-family rental game,” Housing Wire, September 1, 2020, https://www.housingwire.com/articles/blackstone-gets-back-into-the-single-family-rental-game.
“Blackstone to buy Home Partners of America in $6 bln deal,” Reuters, reuters.com, June 22, 2021, https://www.reuters.com/business/blackstone-buy-home-partners-america-6-billion-deal-wsj-2021-06-22.
Maureen Farrell, “Blackstone expands further into rental housing in the United States,” New York Times, February 16, 2022, https://www.nytimes.com/2022/02/16/business/blackstone-real-estate-acquisition.html.
Vishesh Raisinghani, “Blackstone is preparing a record $50 billion vehicle to scoop up real estate bargains during the downturn – here’s how to lock in higher yields than the big money,” MoneyWise, reposted to Yahoo.com, August 5, 2022, https://www.yahoo.com/now/blackstone-preparing-record-50-billion-120000092.html.
Kevin Schaul and Jonathan O’Connell, “Investors bought a record share of homes in 2021. See where,” Washington Post, February 16, 2022, https://www.washing-tonpost.com/business/interactive/2022/housing-market-investors.
Francesca Mari, “A $60 Billion Housing Grab by Wall Street,” New York Times Magazine, last updated October 22, 2021, https://www.nytimes.com/2020/03/04/magazine/wall-street-landlords.html.
Dan Budzyn, “Institutions Set To Own 40% Of Single-Family Rental Homes – How Can You Get Your Share?” Benzinga, August 22, 2022, https://www.benzinga.com/real-estate/22/08/28584067/institutions-set-to-own-40-of-single-family-rental-homes-how-can-you-get-your-share.
Ryan Dezember, “How I Bought a House and Joined the Foreclosure Generation,” The Daily Beast, August 2, 2020, https://www.thedailybeast.com/how-i-bought-a-house-and-joined-the-foreclosure-generation.
Ryan Dezember, “How I Bought a House and Joined the Foreclosure Generation.”
Ryan Dezember, “How I Bought a House and Joined the Foreclosure Generation.”
Matthew Ponsford, “House-flipping algorithms are coming to your neighborhood,” MIT Technology Review, April 13, 2022, https://www.technologyreview.com/2022/04/13/1049227/house-flipping-algorithms-are-coming-to-your-neighborhood.
Matthew Ponsford, “House-flipping algorithms are coming to your neighborhood.”
Matthew Ponsford, “House-flipping algorithms are coming to your neighborhood.”
John Gittelsohn, “U.S. Moves Toward Home ‘Rentership Society,’ Morgan Stanley Says,” Bloomberg, July 20, 2011, https://www.bloomberg.com/news/articles/2011-07-20/u-s-moves-to-rentership-society-as-owning-tumbles-morgan-stanley-says.
Larry Getlen, “How corporations are buying up houses – robbing families of the American Dream.”
“Our Partners,” World Economic Forum, weforum.org, accessed September 28, 2022, https://www.weforum.org/partners/#m.
Ida Auken, “Welcome to 2030. I own nothing, have no privacy, and life has never been better.”
“Blackstone to buy $1 billion worth of Tampa Bay homes for rentals,” Tampa Bay Times.
Karl Smith, “America Should Become a Nation of Renters,” Bloomberg, June 17, 2021, https://www.bloomberg.com/opinion/articles/2021-06-17/america-should-become-a-nation-of-renters#xj4y7vzkg.
Shane Phillips, “Renting Is Terrible. Owning Is Worse,” The Atlantic, March 11, 2021, https://www.theatlantic.com/ideas/archive/2021/03/why-its-better-to-rent-than-to-own/618254.
Sarah Paynter, “US will ‘become a renter nation,’ says real estate investor,” Yahoo! Finance, October 8, 2020, https://www.yahoo.com/now/us-will-become-a-renter-nation-says-investor-183327180.html.
Steven Richmond, “4 Things Landlords Are Not Allowed to Do,” Investopedia, last updated July 31, 2022, https://www.investopedia.com/articles/personal-finance/061515/4-things-landlords-are-not-allowed-do.asp.
Stephen Michael White, “Why You Need A No-Party Clause In Your Rental Agreement,” rentprep.com, April 6, 2021, https://rentprep.com/landlord-tips/stop-your-rental-property-from-becoming-party-central.
“Just found a ‘no alcohol’ clause in our rental agreement. Is this legal?” Reddit, reddit.com, https://www.reddit.com/r/exmormon/comments/ylgs6/just_found_a_no_alcohol_clause_in_our_rental.
George Khoury, “Can My Landlord Ban Gun Ownership,” Find Law, August 18, 2017, https://www.findlaw.com/legalblogs/law-and-life/can-my-landlord-ban-gun-ownership.
Francisco Da Cunha and Filipa Belchior Coimbra, “The Impact of Social Good on Real Estate,” Deloitte, deloitte.com, https://www2.deloitte.com/ce/en/pages/real-estate/articles/the-impact-of-social-good-on-real-estate.html.
Ida Auken, “Welcome to 2030. I own nothing, have no privacy, and life has never been better.”
Kalin Bracken et al., “A Framework for the Future of Real Estate,” World Economic Forum, weforum.org, April 2021, https://www3.weforum.org/docs/WEF_A_Framework_for_the_Future_of_Real_Estate_2021.pdf.
Kalin Bracken et al., “A Framework for the Future of Real Estate.”
Kalin Bracken et al., “A Framework for the Future of Real Estate.”
“LA County Coordinated Entry System,” Los Angeles Homeless Services Authority, accessed August 10, 2022, https://www.lahsa.org/ces.
Nuala Bishari, “San Francisco Rations Housing by Scoring Homeless People’s Trauma. By Design, Most Fail to Qualify,” San Francisco Public Press, April 14, 2022, https://www.sfpublicpress.org/san-francisco-rations-housing-by-scoring-homeless-peoples-trauma-by-design-most-fail-to-qualify.
Virginia Eubanks, Automating Inequality: How High-Tech Tools Profile, Police, and Punish the Poor.
This is an allusion to Karl Marx’s famous quote, “From each according to his ability, to each according to his needs,” which was published in Marx’s Critique of the Gotha Programme in 1875.
Virginia Eubanks, Automating Inequality: How High-Tech Tools Profile, Police, and Punish the Poor.
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