Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

TexasTowelie

(112,447 posts)
Thu Apr 30, 2020, 06:31 PM Apr 2020

The Renters' Revolution

Not since the 1930s has America seen the combination of working-class vulnerability and working-class militance that we’re beginning to see today.

Tomorrow, we’ll see what may likely be the first nationwide rent strike in our history. We’ve had plenty of rent strikes before, of course, but they usually are limited to a single building or group of buildings owned by a particularly negligent and abusive landlord. During the Great Depression, however, such actions occasionally expanded across whole neighborhoods where a pervasive loss of income led to an equally pervasive inability to make the rent. Such spontaneous, self-organized actions as urban rent strikes, farmer mobilizations (sometimes at gunpoint) to prevent evictions and property seizures, and neighbors’ restoration of water and power to homes that had been cut off were common. In a few big cities, neighborhood rent strikes, such as those in Harlem, were organized by a combination of local tenants and such radical organizations as the Communist Party.

The two groundbreaking aspects of tomorrow’s rent strike are its nationwide scale, and the fact that it’s been organized by local tenants and many mainstream militant working-class organizations—that is, groups without an avowedly revolutionary ideology.

Initiated by the Action Center on Race and the Economy, the organizing sponsors include the union-backed Jobs With Justice; such ACORN-successor community groups as the Center for Popular Democracy, the Alliance of Californians for Community Empowerment, and New York Communities for Change (which initiated the Fight for $15); the living-wage/worker-power advocacy group Partnership for Working Families; the labor militants of Bargaining for the Common Good; People’s Action Homes Guarantee; and a host of local tenant groups.

Read more: https://prospect.org/blogs/tap/the-renters-revolution/
(American Prospect)

2 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
The Renters' Revolution (Original Post) TexasTowelie Apr 2020 OP
I recently sold my condo that I had been renting out. aikoaiko Apr 2020 #1
It may have made sense for me to buy a condo when I lived in the DFW area TexasTowelie Apr 2020 #2

aikoaiko

(34,184 posts)
1. I recently sold my condo that I had been renting out.
Thu Apr 30, 2020, 06:39 PM
Apr 2020

I hung on to my old condo through the 2008 recession thinking that things would pick up again soon. Prices never really come back for entry-level condos in my area.

I had been renting it out to cover the cost of the mortgage, HOA fee, and insurance. There really wasn't even enough to cover repairs or upgrades.

I think there were a lot of people like me with properties that they had to leave because of expanding family or job opportunities in another area/state/country.

If my tenants stopped paying rent, it would have put me into foreclosure within a few months.

Good luck to these renters when it involves corporations.


TexasTowelie

(112,447 posts)
2. It may have made sense for me to buy a condo when I lived in the DFW area
Thu Apr 30, 2020, 06:59 PM
Apr 2020

between 2000 and 2010, but one of my colleagues at work was getting hit with special assessments so I was unwilling to take that additional risk. Yes, I would have built equity, but the housing market was over-priced and while I had a bit of leeway regarding disposable income, but I didn't want to dispose of it in the housing sector since the insurance company that I was working at decided to go into voluntary liquidation. The best option for me was to remain flexible and not having a piece of property tying me down while waiting for the right time to sell.

Latest Discussions»General Discussion»The Renters' Revolution