Municipalities should move quickly to enact high-end real estate transfer taxes, requirements for the disclosure of beneficial ownership, and regulations aimed at the disruptive impact absentee owner-investors are having on our cities.
These three commons legal institutions exemplifies, in different ways, a central feature of the commons as described in the previous piece: namely, decommodifying access to a common good by taking homes permanently off of the speculative market
This is not the previous generation’s gentrification. The housing crisis in many of our urban areas is not the result of normal real estate market forces. Local gentrification cycles have been “supercharged” by the fact that many cities are now a global destination to park investment capital.
In choosing to live in community—sharing not just a house, but their lives with each other—they’ve defined a new American Dream. They hope others will follow their model, if not by making the same choice, then by being willing to look beyond traditional boundaries.
While billion dollar development companies eat up affordable housing units throughout the Bay Area, dedicated teams of organizers, nonprofit service providers, community development corporations, and others fight a relentless battle along side and on behalf of those at threat of displacement
Almost every global city has a similar dynamic – a battle between the finance capital that seeks to make money from the city and the needs of the residents who seek to make the city their home. Rarely do we see residents successfully push back against the power of finance capital. But for those wanting to know how this can be done, look to Barcelona.
In the UK, only around 10 per cent of new homes are self-built. But with the housing shortage increasingly acute, many groups and local authorities around the country are looking to community self-build as a potential solution. Can it deliver?
Berlin’s creative culture is under tremendous pressure as real estate speculators from around the globe buy up apartment buildings. But a culture of resistance and grassroots revitalization is putting a brake on gentrification, helping to protect the residents’ right to their city.
For the last year, some residents of Boulder, Colorado, have been locked in a heated debate about whether the city should allow housing cooperatives. Advocates argue that cooperative housing counters gentrification, adding that electric, gas, and water consumption of co-op house residents is significantly less than the average resident.
The commons offers a framework and a process for effectively and equitably stewarding the resources communities need to live in dignity. If we have a collective right to a resource, we should be able to participate in decisions about that resource’s use.
CLTs are a strategy that removes land from the housing market without disconnecting residents from their interest in owning, maintaining, and improving buildings.
After World War II, white, middle-class Americans flocked to the suburbs from the city. Today, that trend is reversing.