Note: This thread is related to #Coronavirus #COVID19

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Khanoisseur 🐶🤦🏻‍♂️🌎+ Your Authors @Khanoisseur Nonpartisan fact-checks + “frustratingly accurate” analysis of news (+🐶 pics). *Turn notifications on* Stuff @Google @Twitter @Facebook @Tesla @Audi Jul. 07, 2020 1 min read + Your Authors

There’s an emerging national rent strike movement: What if more people took the cue from the commercial sector and stopped paying their mortgage and rent? Financial meltdown to eclipse the Great Depression? All hinges on how the job market shakes out over the next few weeks.

*Average* one-bedroom rent in Manhattan and San Francisco: $3,500. In Tokyo and Sydney, it’s $2000; $1730 in Paris; $1650 in London. Even if US job market stabilizes, people in US cities like NY, San Francisco, Boston could boycott rent for being “overcharged” all these years.

Given how badly the US government (at all levels, really) has bungled the coronavirus crisis, US renters in cities like New York, San Francisco, Boston, Chicago and LA should be credited $50,000 each in rent. Why is rent in Chicago higher than in Paris? Makes no sense.

Why is a 1-bedroom apartment twice as much to rent in New York vs London or Paris? Is NYC twice as nice? Nope!

Every year, average American pays thousands of dollars in hidden taxes: high rent, pot-hole riddled roads, lack of healthcare, college debt…
 https://www.cnbc.com/2017/03/24/how-much-it-costs-to-rent-a-1-bedroom-in-30-cities-around-the-world.html 

If Biden wins, he should impose rent caps in major US cities — unaffordable housing + lack of affordable healthcare causes people to cut corners on their health, consume cheap/junk food, work longer hours, exercise less — US’s 40% obesity rate was big factor in COVID-19 spread.

World War II saw the most widespread imposition of rent control in the history of the US. Roughly 80% of the 1940 rental housing stock lay in areas that the federal government put under rent control between 1941 and 1946 — wartime home ownership grew at record pace.


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