Skip to main content

Wealthy Investors Gouge Fixed-Income Renters

A "rentier" is defined in the Random House Dictionary as "a person who has a fixed income, as from lands or bonds." The rentier class consists of those who essentially earn money off of investments instead of working on an hourly or daily wage. Many of the people who rent housing from rentiers -- in other words, renters -- live on another form of fixed income altogether: social security. Others work long hours at low-paying jobs. Renters often can't afford to own their apartments or homes, and, therefore, other entities -- including, increasingly, investment firms -- are financially benefiting from their need for shelter.  Read more.

Comments

Popular posts from this blog

Comcast and NBC's Real Diversity Issues

The Huffington Post - At last month's house hearing on the proposed Comcast-NBC takeover, execs from both companies shamefully acknowledged their diversity problems. Comcast CEO Brian Roberts sheepishly divulged that his company's board of directors includes only one woman and one person of color, and NBC's Jeff Zucker confessed that the network has no Black programming. Read more.

The Makings of a More Human Economy

There's a point in every struggle when momentum shifts behind you. Optimism becomes ambition.
I recall those moments in our resistance to overcome our dictator in Uganda. I felt a perseverant optimism, as a young refugee, that got me through customs at Heathrow Airport. In Beijing in 1995, I saw hope surge globally for women's rights.  Read more.