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Aug 27 • 4 tweets • 2 min read
“Blackstone Prepares A Record $50 Billion To Snap Up Real Estate During The Coming Crash”

The market at work.

Anyone who says we can build our way out of it needs their head examined or is a real estate industry lobbyist.

Again: #ItsTheSpeculationStupid
zerohedge.com/markets/blacks…
This is our new reality.

Homes are being bought by private equity firms WHILE they’re in construction.

Entities crowdfund w/small investors throughout America to buy apt bldgs in gentrifying n’hoods.

Everything short of strong anti-speculation policy is just messing around.
And again: when putting together the plan for @liberty_clt I said if there is to be a Black Los Angeles our goal has to be to take as much land off the speculative market as fast as possible.

Nothing else will work folks. NOTHING.

#DecommodifyHousingNOW

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More from @damienISgoodmon

Damien Goodmon Profile picture
Aug 27
Won't someone do something a/b those NIMBYs at the Federal Reserve? They've done it again! 🙃

Zoning is & always has been a red herring. Wall Street determines when, where, how & what type of housing gets built. Been this way for 40+ years. #YIMBY

bloomberg.com/news/articles/…
If it's not already in construction, it is in trouble.

And even if it is in construction, numbers might require some significant adjustment.

Don't believe me. Ask any developer.
Raw data here: census.gov/construction/n…

Next update is mid-September. It'll be much worse by then.
Read 4 tweets
Damien Goodmon Profile picture
Aug 11
Great story a/b DC 11th Street Bridge Park Ive loosely followed for yrs. Spotlights the challenge of bringing necessary infrastructure in gentrifying city in hypercommodified housing era.

Sad fact: any such improvement for marginalized residents can lead to their displacement /1
We’ve learned this lesson with CrenshawLAX light rail. #DestinationCrenshaw & Rail-to-River look to be just as bad.

There’s so much political support for these projects & nearly none for challenging the speculative real estate reality we live in. #ItsTheSpeculationStupid
/2
The policies (& capital) necessary to give communities a fighting chance remain politically impossible to advance & the money to stabilize the communities isn’t coming.

Every tool & lots of $$$ is needed.

The money committed to Ward 8 is record-breaking, but it’s not enough.
/3
Read 6 tweets
Damien Goodmon Profile picture
Aug 6
Anyone surprised gentrifiers/colonizers/settler urbanists don’t like policies that keep the long-term residents in place & housing costs low? 🤷🏾‍♂️

YIMBY opposition to vacancy control is among the most revealing evidence of their racist urban cleansing agenda.
🧵 Image
YIMBY say the market will build for our need, it just needs to be freed. If that’s the case keeping existing residents/low costs in place should at worst be irrelevant to new production, or at best would spur new development since newcomers would require new places to live.
/2
And to add more evidence to the YIMBY racist urban remaking goal, 99/100 times ppl mention vacancy control they aren’t talking a/b the first 10/15yrs of new build. They’re talking a/b the older units ppl currently occupy, especially low-income people.
/3
Read 9 tweets
Damien Goodmon Profile picture
Jun 13
Speaking of reparative, we’re going to be seeking to define “reparative housing plan” for Black people in California as part of recommendations that go to the State Reparations Task Force.

(Trust me YIMBY ain’t gonna like it.) #SelfDetermination /1
The point I emphasize in every reparations convo on housing don’t just think a/b the cash: regulations can be far more widespread & quickly implemented.

As an example even if you gave every Blk person $250,000 for down payment on a house: in Crenshaw the homes now go for $1M. /2
To be clear we’ll take & need 💵…but even w/it Black n’hoods would remain inaccessible & vulnerable to displacement.

Tearing down barriers to stable Black housing & communities, combat housing discrimination, requires ADVANTAGING Blk ppl (above non-Blks) & over corporations. /3
Read 6 tweets
Damien Goodmon Profile picture
Jun 12
Kate has been tweeting criticisms of YIMBY 4 the past few days highlighting that massive fraud w/a lot of the material thats been shared previously. Whats noticeable in the replies & QT beyond just the yt bro responses, is the glee they express in piling on. 🧵
You’ll get a familiar eye-roll from everyone who criticizes YIMBY here: be they quiet academics, housing justice activists, or the few courageous politicians. Folks accustomed to robust debate on public policy on the left will say it’s unlike anything they’ve ever experienced. /2
Folk get into knock-down drag out fights over school vouchers & charter schools. Yet even in that most heated issue, you won’t find ppl who universally say how toxic engagement on the issue online is.

So why on this?

Simply: the toxicity/the Proud Boys energy is a necessity. /3
Read 9 tweets
Damien Goodmon Profile picture
Jun 12
And they balk when we point out they’re just the latest in a long history of racist land grabbers

“I’m not a colonizer! I just want to remake this occupied urban core of BIPOC to cater to me w/housing only folk like me can afford, & take homes of/price out/current residents.” /1
Colonialism, Trail of Tears, urban renewal & now YIMBYism. Each were/are violent interventions to remake/replace marginalized communities/ppl. The toxic energy #DensityBros exude online is a mere feature of a patriarchal white supremacist org & Manifest Destiny ethos.
/2
They believe that THEY have a right to an occupied city, & at best remain indifferent to the basic human needs of the much less privileged for housing and community (in the broad sense of the term) and at worst believe they must be violently removed. See the Boudin recall. /3
Read 4 tweets

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