Long before the September 30 ICE raid, Chicago’s South Shore neighborhood had been ravaged by a series of sprawling apartment building pump-and-dump schemes, aided and abetted by industrial-scale mortgage fraud, old-fashioned government inaction, and a smattering of Venezuelan gangsters.
real estate
Posted inMoney, Politics, and Power
Crypto Bros Want to Create Micro Landlords
You might expect crypto enthusiasts to look down their noses at landlording as an antiquated way to earn a fortune, not worth their time when they are busy democratizing money. But in finance, everything old is new again. “Fractional ownership” of “tokenized real estate,” the latest crypto scheme, works like this: a company sells investors […]
Posted inHousing and Transportation
Rent Debtors Strike Against Abusive Corporate Landlord
The Debt Collective is leading the charge against the real estate behemoth Equity Residential.
Posted inPolitics
Michelle Wu, the Boston Beacon of Progress
Boston Mayor Michelle Wu’s first-term achievements shine, but numerous challenges persist after her re-election.
Posted inEconomic Policy
Private Equity’s $3 Billion Bet on a Casino Chimera
A casino is at the center of a fight over the soul of Coney Island, one of three downstate casino licenses being pursued in New York.
Posted inHousing
YIMBYs on the Cusp of Major Victory in California
Years of organizing might be rewarded in the form of denser housing around California transit.
Posted inHousing
Corporate Landlords Show Racist Eviction Patterns
A new study reveals that large national landlords in Los Angeles are disproportionately evicting Black tenants.
Posted inVideos
The Prospect Weekly Roundup: How a Doorbell Video Leads to Regime Change
On our live show, David and investigative editor Maureen Tkacik break down her blockbuster story about how Tren de Aragua was turned into our latest villain of the month.
Posted inLaw and Justice
Runaway Tren
How a Colorado slumlord’s psyop turned into a brand-new ‘forever war’ on Venezuela
Posted inMoney, Politics, and Power
How Corporate Pardons Create Monopolies
Rocket wants to became the only mortgage company in America. The CFPB found its tactics to be illegal—until Donald Trump let the company off the hook.