6 Matching Annotations
- Feb 2025
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capitalandmain.com capitalandmain.com
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Maui’s post-wildfire housing crisis offers a warning for Los Angeles by [[Jack Ross]], [[Capital and Main]]
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L.A. tenants have one advantage that renters in Hawaiʻi did not: a spreadsheet cataloging alleged incidents of price-gouging compiled by tenant activists with The Rent Brigade, a new collective organized by Chelsea Kirk and Philip Meyer.
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Natural disasters that destroy homes often lead to increased rents. Researchers with the Brookings Institute surveyed rental trends in major markets following natural disasters and attributed increases of between 4 percent and 6 percent directly to the disasters — an effect that “never fully went away,” one of the authors wrote. Other research found permanent rent increases too. Evictions also tend to rise.
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Maui residents who lived or worked in the burn zone have seen rent increases of roughly 50 percent in the months following the disaster, according to research from the University of Hawaii. Some landlords took advantage of the crisis, evicting tenants to make way for higher-paying renters. A year later, homelessness in Hawaiʻi had nearly doubled.
Tags
- rent increases
- The Rent Brigade
- Lahaina fire (2023)
- tenant advocacy
- activists
- eviction
- housing crisis
- Philip Meyer
- renter protections
- Eaton Fire recovery
- price-gouging
- Eaton Fire
- rental crisis
- spreadsheets
- Chelsea Kirk
- fires
- homelessness
- natural disasters
- Pacific Palisades fire (2025)
Annotators
URL
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- Apr 2023
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theodora.com theodora.com
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Based on yesterday's discussion at Dan Allosso's Book Club, we don't include defense spending into the consumer price index for calculating inflation or other market indicators. What other things (communal goods) aren't included into these measures, but which potentially should be to take into account the balance of governmental spending versus individual spending. It seems unfair that individual sectors, particularly those like defense contracting which are capitalistic in nature, but which are living on governmental rent extraction, should be free from the vagaries of inflation?
Throwing them into the basket may create broader stability for the broader system and act as a brake via feedback mechanisms which would push those corporations to work for the broader economic good, particularly when they're taking such a large piece of the overall pie.
Similarly how might we adjust corporate tax rates with respect to the level of inflation to prevent corporate price gouging during times of inflation which seems to be seen in the current 2023 economic climate. Workers have seen some small gains in salary since the pandemic, but inflationary pressures have dramatically eaten into these taking the gains and then some back into corporate coffers. The FED can increase interest rates to effect some change, but this doesn't change corporate price gouging in any way, tax or other policies will be necessary to do this.
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