Venezuela’s high rise slum “The Tower of David”: can (will) it happen in America?

[cobbland]

Mr. Hers, who has also been listed in records as Barry Hersko or Hershko, said he began accepting homeless families at 60 Clarkson after federal housing subsidies shrank, leaving some of his apartments empty. The building plunged into a steep decline.

The windows were stripped of their curtains. The stairwells resounded with the noise of children running around, loud music and fights. The paint cracked and peeled. And the landlord, several tenants said, did little to push back at the growing disorder.

As conditions worsened, more rent-stabilized tenants packed up to leave — and more homeless families were sent to Clarkson Avenue.

The original tenants “started moving out because the building was going down” and poorly run, said Melvina McMillan, who has lived there for 20 years, one of about 10 rent-stabilized tenants who remain in the building. “They didn’t want to stay here and be here with their children when they could easily find something else.”

Those who stayed had no other options, tenants said.

“If I had the choice, or I had the money, I would move out,” said a woman who has lived there for nearly 40 years, who declined to give her name because she feared jeopardizing her $980-a-month rent-stabilized lease. “I can’t afford to go anywhere. I might wind up like the shelter people.”

Mr. Hers said he had never tried to evict tenants in favor of homeless families to make money, noting that Ms. McMillan, for instance, pays more rent than the city’s rent rate. At one point he tried to evict Ms. McMillan for nonpayment, though she said he dropped the case after admitting he had been mistaken.

He now runs 10 buildings where homeless families live alongside regular tenants, city officials said.

“It’s not like I go and take the high rollers. I always worked with low-income people,” Mr. Hers said in an interview. “I have no problem helping people; that’s my nature. I’m getting less than I could get. I could rent these for $2,800 or $3,200 if I was a bad person.”

(According to a rental market report issued in July by MNS Real Estate, the average rent for a one-bedroom in the area is $1,642, and $2,129 for a two-bedroom, but apartments in new developments are often priced much higher.)
http://www.nytimes.com/2015/08/29/n...it-deplores-as-homeless-ranks-swell.html?_r=0

2 Bedrooms In Cabrini-Green's New High Rise Start At $3,200 A Month

BY RACHEL CROMIDAS IN NEWS ON FEB 8, 2016 2:50 PM

Ten years ago, Cabrini-Green was best known for its notoriously struggling public housing project of the same name. Today, it's becoming something of a goldmine for developers who have planned new, luxury high rises for the Near North Side area not far from where the dilapidated public housing towers once stood.

One of the first new developments to spring up from around Cabrini-Green's demolition rubble is Xavier, a sleek, 18-story, eco-friendly building, which is now accepting tenant applications at sky-high rental prices. Studios in the 625 W. Division St. tower start at $1,825 a month, according to listings; one bedrooms start at $2,300, and two bedrooms start at $3,275.

The units boast such amenities as Nest Thermostats, floor-to-ceiling glass windows and exposed concrete ceilings. The building's shared spaces include a rooftop with a chef's kitchen and two dog runs. It sounds divine—if you have the income for it.

With Chicago in the midst of a housing crisis we can't help but see the promises of these luxury developments coinciding with the displacement of Chicago's working class and the hastening demise of its affordability for anyone making less than $72,000 a year (that's how much you'd have to make to reasonably afford a studio apartment at $1,825 a month, based on this popular rental formula).
http://chicagoist.com/2016/02/08/2_bedrooms_in_cabrini-greens_new_hi.php

Working class priced out, kicked out in new Portland housing boom

By Jeff Manning | The Oregonian/OregonLive

Email the author | Follow on Twitter

on September 22, 2015 at 12:47 PM, updated September 22, 2015 at 7:07 PM

Enrique Rios, a 26-year-old Los Angeles transplant, lives with his fiancée and small dog in a 250-square-foot "micro-unit" apartment in Northwest Portland. It is the size of a college dorm room with space for a bed, a toilet and not much else. He cooks meals in a communal kitchen shared with other tenants.

Rios pays $995 a month.

Seattle developer Footprint Northwest LLC bought the home that was at the site on Northwest Thurman Street in 2013, replacing it with a five-story, 54-unit building.

Call them "a-pod-ments," or hipster hovels, there are now hundreds of these micro-units in Portland. They are part of a real estate gold rush that is transforming Portland and is propelling housing costs to levels never before seen.

Seven years since the last housing bust flattened Oregon's economy, developers have let loose another tidal wave of building. From the red-hot Clinton neighborhood in Southeast Portland to St. Johns, developers are pouring hundreds of millions of dollars into glitzy apartment buildings.

Despite 22,000 new apartments coming on line in the metropolitan area since 2012, more than half in Portland proper, vacancies remain practically non-existent. That has freed apartment owners to charge eye-popping rents -- think $1,200 for a 400-square-foot studio, as much as double that for a one-bedroom.

The average rent in Portland has jumped 41 percent since 2010 to $1,242, according to Axiometrics, a Dallas real estate analysis firm.

The boom raises troubling issues of economic inequality, as rent hikes have spiraled far beyond workers' wage increases. The posh new apartment houses are prevalent on Portland's east side, historically the gritty home to the city's working class. Even developers share foreboding that the central city is becoming a playground for the affluent while the young and the old and the people in the service economy no longer can afford to live there.

Critics have coined a nifty phrase for the trend -- "economic apartheid."

Affordable housing has become a hot political issue up and down the West Coast as prices continue to escalate. But addressing the downside of popularity and growth is no easy task. Said one local planner: "This is capitalism. How do you fight it?"

While bureaucrats mull policy, people are struggling to stay in their homes.
http://www.oregonlive.com/watchdog/index.ssf/2015/09/post_19.html

Apartment dwellers in metro Denver getting priced out, pushed out

By Aldo Svaldi

The Denver Post

POSTED: 03/15/2015 12:01:00 AM MDT97 COMMENTS| UPDATED: 11 MONTHS AGO

Ramona Vega, a five-year resident of Autumn Arms Apartments, stands on her balcony Tuesday. She says it has been difficult finding another residence ever since an eviction notice was placed on her door. (AAron Ontiveroz/The Denver Post)
http://www.denverpost.com/business/...ellers-metro-denver-getting-priced-out-pushed

In Many Cities, Rent Is Rising Out of Reach of Middle Class

By SHAILA DEWANAPRIL 14, 2014

Housing units under construction in Miami. The city's rents on average consume 43 percent of the typical household income, up from a historical average of just over a quarter. Credit Angel Valentin for The New York Times

 

[Focal Point]

Folks gonna end up in the sewers on some Judge Dredd shit

 

[J-sonDkay]

so this is where brody was after the cia hq blew up

 

[rodneyskinner]

Folks gonna end up in the sewers on some Judge Dredd shit

Let me catch ninjas coming out the sewer in America like

[/img]

 

[kingblaze84]

Folks gonna end up in the sewers on some Judge Dredd shit

Let me catch ninjas coming out the sewer in America like

[/img]

LOL, reminds me of a documentary I saw on Columbia once. Tons of street kids and even whole families living in the sewers. I hope America never gets that bad.

 

[b1grobtheking]

ever since the movie "demolition man" came out,i always thought thats how america would be in the future....watch that movie ,youll see where we headed unless we start making changes

 

[2stepz_ahead]

i might have to visit there an invest before they build back up

 

[cobbland]

Folks gonna end up in the sewers on some Judge Dredd shit

​

Folks gonna end up in the sewers on some Judge Dredd shit

Let me catch ninjas coming out the sewer in America like

[/img]

ever since the movie "demolition man" came out,i always thought thats how america would be in the future....watch that movie ,youll see where we headed unless we start making changes

As Rents Skyrocket in Logan Square, Landlord M. Fishman Defends Steep Hikes

LOGAN SQUARE — Estefania Salgado and her boyfriend have lived in their one-bedroom apartment for the last five years, paying around $800 a month, but might soon have to pay nearly double that to stay in their home.

Last month she received a 30-day notice to sign a lease for $1,450 plus utilities — or leave the apartment owned M. Fishman & Co.

The rent increase follows a pattern, according to renters in those buildings and housing rights activists in the neighborhood. They point to a number of similar moves Fishman has made in recent years, buying large multiunit apartment buildings, rehabbing them and significantly raising rents.
https://www.dnainfo.com/chicago/201...kyrocket-logan-square-m-fishman-defends-hikes
https://soundcloud.com/dnainfo-radio/as-logan-squares-moves-forward-rents-increase-dramatically

Logan Square Residents Protest Rising Rents

CHICAGO (CBS) — About 200 residents of the Logan Square neighborhood on Chicago’s North Side staged a protest march and rally to call attention to sharply increasing rents.

Many of the protesters live in some of the roughly 80 buildings in Logan Square owned by Mark Fishman, of M. Fishman and company.

Beth Berringer says her rent is being raised by $360, and no longer will include heat, water or garbage, and she has until May first to pay or move.

“I’m a full-time student, I’m only working part time and it’s definitely a hardship,” she said. “Everyone in the building I’ve met can’t afford it or has to move.”
http://chicago.cbslocal.com/2016/03/26/logan-square-residents-protest-rising-rents/

Tent City In Chicago’s Uptown Grows

(CBS) — A group raising funds to buy tents for the homeless on the city’s North Side is being criticized for its efforts.

CBS 2’s Sandra Torres reports.

The group Uptown Tent City has raised more than $8,000 to buy tents for the homeless in the area. Although some praise their efforts, many believe the focus should be on a more permanent solution.

One homeless man, who identified himself as Don, says he’s been waiting for a lifeline since 2009.

He now sleeps beneath an overpass, likes dozens of others at Lawrence, Wilson and Foster avenues.

Uptown Tent City is providing tents and basic necessities.

But some say handing out tents is not the way to go.

“Unfortunately, giving them blankets and tents and food is not helping them. It’s just putting a Band-Aid on the problem,” one local says.

Ryne Poelker of Uptown Tent City says supporting the short-term effort to provide tents doesn’t mean the group doesn’t back the idea of long-term solutions.

At Chicago City Hall Thursday, members of the group voiced their concerns about construction of a new high rise that’s getting close to $16 million in tax increment financing in Uptown.

“It’s almost criminal that they are doing this literally feet away from where people who are sleeping outside in below-zero temperatures,” Poelker told city officials.

The Emanuel administration says the city offers services to the homeless, if they are interested in them.
http://chicago.cbslocal.com/2016/01/21/tent-city-in-chicagos-uptown-grows/

[video=youtube;qwY7T85BN_Y]https://www.youtube.com/watch?v=qwY7T85BN_Y&nohtml5=False[/video]

[video=youtube;0zf17Cy6WGI]https://www.youtube.com/watch?v=0zf17Cy6WGI[/video]

[video=youtube;ZjS7TrZJpnk]https://www.youtube.com/watch?v=ZjS7TrZJpnk[/video]

Steve Wynn: ‘Nobody likes being around poor people’

Wynn plans to build a resort casino in Everett.

Casino mogul Steve Wynn.

–AP Photo / Charles Krupa

By Eric Levenson, Adam Vaccaro 8:15 AM

Steve Wynn, the casino magnate who plans to build a $2 billion casino in Everett, was characteristically blunt when speaking about his company’s business strategy in a meeting with investors on Thursday.

According to a transcript of the call by Seeking Alpha, Wynn said his company “caters to the top-end” of the gaming world, like a “Chanel” or “Louis Vuitton.”

“But unlike Chanel and Louis Vuitton, we are able in our business to cater to all of the market by making our standard so high that everybody wants to in the building,” he said. “Or to put it in a more colloquial way, rich people only like being around rich people. Nobody likes being around poor people, especially poor people.”

“So we try and make the place feel upscale for everyone,” he continued. “That is to say, we cater [to] the people who have discretion and judgment and give them a choice.”
https://www.boston.com/news/business/2016/04/08/steve-wynn-poor-everett-casino