Beyond Wall Street Landlords
The Just Recovery Series Beyond Wall Street Landlords How Private Equity in the Rental Market Makes Housing Unaffordable, Unstable, and Unhealthy ACKNOWLEDGMENTS Author: Alexander Ferrer, Research and Policy Analyst, SAJE Designed by: Brendan McNamara Cartography: Alexander Ferrer, SAJE Figures are by author unless noted. Many thanks to Maya Abood, Joe Donlin, Joe Delgado, Niousha Farhangi, Desiree Fields, Favian Gonzalez, Simon Goldsmith, Terra Graziani, Joel Montano, Cynthia Strathmann, Kaitlyn Quackenbush, Amy Schur, Omar Ureta, Jacob Woocher, Jon Zerolnick, and Chuck Collins and Harry Smith and the Institute for Policy Studies for their feedback and investment in this work. ABOUT SAJE SAJE is a 501c3 non-profit organization in South Los Angeles that builds community power and leadership for economic justice. Founded in 1996, SAJE focuses on tenant rights, healthy housing, and equitable development. SAJE runs a regular tenant clinic, helps connect local residents to jobs, organizes for tenant rights, and fights for community benefits from future development through private agreements and public policies. We believe that everyone, regardless of income or connections, should have a voice in creating the policies that shape our city, and that the fate of city neighborhoods should be decided by those who dwell there in a manner that is fair, replicable, and sustainable. 2 Beyond Wall Street Landlords Contents I. Executive Summary II. Introduction III. Methodology IV. A Brief History of the Corporate Takeover of Housing in the United States V. The Nature of Corporate Ownership in the United States Today VI. Corporate Ownership In Los Angeles: Wall Street Landlords and Beyond VII. Predatory Tendencies of Corporate Ownership in the Rental Market VIII.
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