Apartment rents in Tokyo are rising at the fastest pace in 30 years, in the latest sign for the Bank of Japan that the nation’s inflation trend is spreading deeper through the economy. https://www.japantimes.co.jp/business/2025/06/26/economy/tokyo-apartment-rents-up/?utm_medium=Social&utm_source=mastodon #business #economy #housing #realestate #economicindicators #japaneseeconomy #inflation #boj
How Hotels, Once a Last Resort, Became New York’s Default Answer to Homelessness
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Statewide spending on hotels has more than tripled in recent years. The shift away from shelters has prevented families from accessing services like child care and help finding housing.
https://www.propublica.org/article/new-york-homelessness-hotels?utm_source=mastodon&utm_medium=social&utm_campaign=mastodon-post
#News#NY#NewYork#Homelessness#Homeless#Hotel#Housing#Shelter
"Aaron Hendry ... set up an organisation, Kick Back, to offer wraparound support for young people sleeping rough, including 24/7 accommodation, health services, and legal advice ... He suggested New Zealand follow the lead of Wales, which trialled the 'Duty to Assist' legislation, which is a homelessness prevention strategy that's been successfully implemented to enforce the human right to housing."
#AmandaGillies, 2025
"284,000 empty homes."
#DebbieNgarewaPacker, 2025
"That's two homes per every homeless person in this country."
#RawiriWaititi, 2025
#podcasts#BlindfishMedia #BigHairyNews #BHN#TPM#TePātiMāori #housing#HousingCrisis
In 2021, 42% of low-income households paid more than 50% of their income for #housing;
https://www.hud.govt.nz/stats-and-insights/homelessness-outlook/homelessness-indicators
But the real problem is landlording not being profitable enough;
"It's a classic oversupply, we added so many houses to the market with the Ardern [government's] incentives, that we have too many homes and renters have so many options."
#SteveGoodey, 2025
https://www.1news.co.nz/2025/04/23/pain-for-property-investors-as-rental-listing-levels-hit-high/
#HatTip to Hayden Donnell of RNZ MediaWatch for highlighting this story
https://www.rnz.co.nz/podcast/mediawatch?share=cf3970fc-9508-4412-a6da-c98a0a64a102
"NZ has had a housing shortage for so long, it has fostered a cohort of entitled property owners and landlords whose businesses can't survive normal market conditions, in which occupants and tenants have a modicum of choice. We need to weed these businesses out."
Stu Donovan, quoted by Hayden Donnell, 2025
https://www.rnz.co.nz/podcast/mediawatch?share=cf3970fc-9508-4412-a6da-c98a0a64a102
In 2021, 42% of low-income households paid more than 50% of their income for #housing;
https://www.hud.govt.nz/stats-and-insights/homelessness-outlook/homelessness-indicators
But the real problem is landlording not being profitable enough;
"It's a classic oversupply, we added so many houses to the market with the Ardern [government's] incentives, that we have too many homes and renters have so many options."
#SteveGoodey, 2025
https://www.1news.co.nz/2025/04/23/pain-for-property-investors-as-rental-listing-levels-hit-high/
#HatTip to Hayden Donnell of RNZ MediaWatch for highlighting this story
https://www.rnz.co.nz/podcast/mediawatch?share=cf3970fc-9508-4412-a6da-c98a0a64a102