Without a doubt a global housing crisis is hurting all of us. In the majority world basic housing needs aren’t being met while in the richer minority world owning a home is out of reach for the average person. These issues might seem worlds apart but that’s not how the United Nations approaches it.
Leilani Farha, the UN’s Special Rapporteur on the Right to Housing, is leading the charge against profit hungry landlords and arguing for shelter for everyone. She’s featured in the documentary Push (video above) and since the filming she’s still going strong holding evil corporations to account.
“Their business model, of which Blackstone is a frontrunner, is becoming the industry standard. Properties that are deemed ‘undervalued’, which generally means affordable to those living there, are being purchased en masse, renovated, and then offered at a higher rental rate, pricing tenants out of their own homes and communities. Landlords have become faceless corporations wreaking havoc with tenants’ right to security and contributing to the global housing crisis.”
The experts said they had heard countless stories of tenants’ whose buildings had been bought by private equity firms and whose rents had skyrocketed almost immediately afterward, sometimes by 30 or even 50 percent, making it impossible for them to remain.
Thanks to Delaney!