Thread by @ElectKatieDean

I'm sorry to hear about your raised rent. 15% is substantial.

I'm all too familiar that it costs more to be poor, and the squeeze is real, especially in housing.

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Response to question 🧵

https://twitter.com/chchcharliered/status/1488860740261978122

When it comes to price-fixing and collusion, we know this wreaks havoc on our economy, often to the benefit of private equity firms and the detriment of renters and first-time home buyers. This issue occurs in urban and rural America, and Western North Carolina is hit hard.

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So, no. I don't think poor people should continue to be subjected to manufactured inflation of housing costs by collusion.

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The ownership disparities in housing are the largest we’ve seen in modern times. We know private equity firms' schemes have detrimental impacts in our healthcare and housing industries. They manipulate market conditions to their favor.

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The fallout of their land grab following the 2008 financial crisis continues to hurt the American people and compromises the health of our economy.

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We now have fixed conditions created by private equity firms, which systematically leaves us - working and middle-class Americans - footing the bill with little to no purchasing power.

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#ncpol #nc14 #828isgreat #housing #PrivateEquity #WNC