Tenants of one of America’s largest corporate landlords briefly occupied the San Francisco offices of the chairman of its board Thursday, delivering a petition signed by 1,400 people demanding a rent freeze in all of the company’s rental properties.
Housing
Posted inAccountability, Housing, Money and Politics, The Trump Era
Nominee for banking post meets resistance due to fraud settlement
A whistleblower says “there shouldn’t even be a hearing” for Joseph Otting, Trump’s choice for the nation’s top banking regulator, due to an $89 million federal fraud settlement.
Posted inHousing
Tenants decry conditions, raised rent in Colony Starwood homes
Tenants who rent homes from one of America’s largest corporate landlords are asking the company to stop increasing their rent and address what they say is endemic neglect of the properties.
Posted inHousing, Money and Politics, The Trump Era
Federal agency holds closed-door meeting about single-family rentals
The Federal Housing Finance Agency held a closed-door meeting with industry executives to discuss “opportunities” in the single-family rental market.
Posted inAccountability, Housing, The Trump Era
Trump friend Thomas Barrack cashes out of Colony Starwood Homes
Thomas Barrack, a close confidant of President Donald Trump’s, has walked away from the rental housing empire he built following the housing bust, cashing out his ownership stake in a move likely to make him hundreds of millions of dollars. The move came late Friday, one day after Reveal published an exposé on the company he founded.
Posted inAccountability, Housing, The Trump Era
Profiting off pain: Trump confidant cashed in on housing crisis
One of President Donald Trump’s closest friends and confidants took advantage of the Great Recession to build an unprecedented real estate business that makes him tantamount to a modern-day slumlord – buying up homes, bumping up rents and allowing the properties to fall into disrepair.