#2 – Re-Allocate the $20 billion per year used to fund Section 8 to buy out Landlords & give rental spaces to tenants

Statistics:

  • There are approximately 3.5 million homeless people in the U.S. [1]

  • There are currently ~18.5 million abandoned & neglected properties throughout the U.S. [2]

  • Approximately 50,000 veterans are homeless[3], & about ~1.4 million veterans considered “at risk of homelessness” due to poverty, lack of support networks, & dismal living conditions in overcrowded or substandard housing. [4]

  • 10 percent of the U.S. population owns 82% of the real estate, while only 5% of that population owns 75% of that land! [5]

Logistics:

     For the next 20 years landlords will receive the same amount they currently receive in rent via re-allocating the ~$20 billion per year we spend on Section 8 (see figures below) in order to *buy out landlords* and *give rental spaces to tenants via Eminent Domain.  Once landlords are paid off, taxes will be reduced by more than $20 billion per year.
     Tenants receive Title Deeds to their rental spaces, & the money saved by tenants (from not paying rent) can instead be used to fix up their spaces & live sustainably.  Educational materials regarding home repairs & responsible  home owning should be provided.
     Currently there is no plan to get off our perpetual payments to fund  Section 8, or to end the unsustainable living conditions that come with it.

$20 billion per year
The Annual Cost of Section 8:

     The often amended Section 8 of the Housing Act of 1937 (42 U.S.C. § 1437f) was enacted  during The Great Depression.   Today, the program authorizes the payment of rental housing assistance to landlords on behalf of approximately 4.8 million low-income households as of 2008. [6]  In 2010, over $20 billion was allocated to pay for the following Section 8 programs:

How Many Rental Spaces Are There?

      There are 43,267,432 renter-occupied households, containing 110,175,847 residents [8], & 3,213,000 vacant rental units [9].  43,267,432 (renter-occupied households) plus 3,213,000 (vacant rental spaces) = There are approximately 46,480,432 total rental spaces throughout the U.S.

“Renter-occupied structures” include:

  • Single-Family Units:  15,194,827 structures with 47,652,188 residents living in them

  • 2 to 4 Units:  7,777,641 households, containing 19,008,529 residents.

  • 5 or More Units:  18,299,474 households, containing 37,831,895 residents.

  • Mobile Homes:  1,955,026

  • Other:  40,464 [8]

The Vague “5 or More Units” Category:

    Alludes to the fact that there are likely many more rental units in the U.S. than the aforementioned equation calculates.  For instance, there are many units such as this:

Rental building

     The “5 or More Units” category also represents “rental towns” such as Stuyvesant Town-Peter Cooper Village in New York City, where (in most cases) all rent allocated to a single landowner &/or group of shareholders:

Click to Enlarge:
Stuyvesant Town rentals NY

Special thanks to “Blackstone to Buy Manhattan’s Stuyvesant Town for $5.3 Billion” by  for the above photo we’re using in accordance with Fair Use,

Examining The Power Structure of Rent:

     Rental situations such those in the above photos are common, & prevent people from living self-sufficient, sustainable lives while perpetuating vast wealth inequality.  Here is a simple but accurate depiction of the rental structure:

Click to Enlarge:Rental Power Structure diagram

The Rental Class is Facing Serious Hardships:

  • Half of all tenants nationwide pay more than 30 percent of their actual income in rent.  It’s considered the worst time in 36 years to be a renter in America- the highest cost burden recorded by Zillow since the real estate firm began tracking the figure in 1979.

  • One in every four renting households spends at least 50 cents of every dollar they earn on rent. [10]

  • Currently renters tend to pay $500-$2000 per month, while Property Owners tend to pay $500-$2000 per year in property taxes (visit your local County Assessor’s office to research how much the annual property taxes for the address where you live costs).   

  • Due to the fact that there is no production of resources (no generation of Gross Domestic Product) through paying rent, the same money used to pay rent could instead be used to help families live sustainably & get ahead in life.  A “rent-dependent society” bog everyone down & straps the nation in debt.

  • Landlords & Property Managers often create Arbitrary & Capricious ruleswhich increase the cost of living for tenants by preventing them from living sustainably- growing food, composting, getting solar panels, improving building insulation, etc.  These typical & oppressive policies are destructive to the environment, ecosystems, & families in general.

  • Because landlords don’t tend to report rental payments- many will never qualify to purchase a home.

    Click to Enlarge:

Related Articles:

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“Home Renting Comes from Slavery?” – an informative documentary by Bohopia:

President Trump on why he thinks Eminent Domain should be used to give the rental spaces he owns to tenants:

Please Sign & Share:

The Official Petition located on www.WhiteHouse.gov.

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     Also, please read, sign, & share Part 2 of Our National Housing Solutions Proposal:

Allocate the 18+ Million Abandoned Properties throughout the U.S. to People who want to Live Sustainably

Blessed-are-the-meek

[Mathew 5:5, photo graphic from “Militia of the Imaculata“]

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References:

[1]: National Law Center on Homelessness and Poverty, 2007:   http://www.nationalhomeless.org/factsheets/How_Many.html

[2]: The Mind Unleashed, “18,600,000 vacant homes in the United States. Enough for every homeless person to have six!”: http://themindunleashed.com/2014/02/18600000-vacant-homes-united-states-enough-every-homeless-person-six.html

[3]:  National Alliance to End Homelessness. The State of Homelessness in America. 2015:  http://www.endhomelessness.org/library/entry/fact-sheet-veteran-homelessness

[4]:  National Coalition of Homeless Veterans:  http://nchv.org/index.php/news/media/background_and_statistics/

[5]:  “Ten percent of populations owns 82% of real estate, & 5% owns 75% of that land”: End Game Research: Federal Reserve Bank data in Left Business Observer, April 3, 1996, p. 5 and Geisler, Rural Sociology 1993, 58(4): 532-546, collected by “The Land Lords: Some Facts”: http://www.endgame.org/landlords-facts.html

Office of Housing Choice Voucher Assistance:  http://portal.hud.gov/hudportal/HUD?src=/program_offices/public_indian_housing/programs/hcv

[6]:  “Rental Assistance Is Effective But Serves Only a Fraction of Eligible Households”(PDF). Center on Budget and Policy Priorities. Retrieved October 2015:   www.cbpp.org//sites/default/files/atoms/files/2-24-09hous-sec2.pdf

Housing Programs:

[7]:  $17 billion/year for “Housing Choice Voucher Program”:  ncsha.org analysis:  www.ncsha.org/

[8]:43,267,432 renter-occupied households, containing 110,175,847 residents”, from ‘National Multifamily Housing Council, 2016′: www.nmhc.org/Content.aspx?id=4708#Rent_and_Own

[9]: “3,213,000 vacant rental units” from ‘Federal Reserve Bank of St. Louis, 2016’: https://fred.stlouisfed.org/series/ERENTUSQ176N

[10]: Think Progress, “Americans Already Spent A Shocking Amount On Rent, But It Just Got Worse” by Alan Pyke (2015): https://thinkprogress.org/americans-already-spent-a-shocking-amount-on-rent-but-it-just-got-worse-df2ba23a0a6d/

Zillow Research Regarding “Worst Renters Have Had It In 30 Years”:  http://www.zillow.com/research/q2-2015-rent-mortgage-affordability-10268/#_edn2
2013 analysis from Harvard’s Joint Center for Housing Studies:  http://thinkprogress.org/economy/2015/08/13/3691430/zillow-median-renter-report/
Definition of “Gross Domestic Product” on Investopedia:  http://www.investopedia.com/terms/g/gdp.asp#ixzz42LxaCmCr
Article from The New York Times:  “More Americans Are Renting, and Paying More, as Homeownership Falls”:  http://www.nytimes.com/2015/06/24/business/economy/more-americans-are-renting-and-paying-more-as-homeownership-falls.html?_r=0
Article from Breitbart: “Average San Francisco Rent Skyrockets to $4,225 Per Month”:  http://www.breitbart.com/california/2015/06/04/median-san-francisco-rent-skyrockets-to-4225-per-month/
Article from San Jose Inside:  “Silicon Valley’s Low-Income Renters Find Few Protections from Predatory Landlords“: http://www.sanjoseinside.com/2015/09/16/silicon-valleys-low-income-renters-find-few-protections-from-predatory-landlords/

A Second Video of Donald Trump endorsing the use of Eminent Domain to take the rental spaces he owns & giving them to tenants:

Learning from the Past to Prepare for the Future