for another 90 days, tenants say that is only the most urgent part of a long list of issues that need to be resolved. Tenants are taking their fight to the streets and to state houses nationwide with lots of activity in Antioch on Wednesday.City Council members gathered and picketed the Twin Creeks Apartments complex at noon. The apartment complex is one of many low-Income complexes that, in total, contain more than 40,000 units managed by FPI Management of Folsom.
The tenants are demanding that Antioch, like many other Bay Area cities, enact comprehensive rent control and tenant protections. They say that most low-income renters in Antioch pay 60 to 70 percent of their total income for rent. "Which means making tough choices about paying for food, healthcare, childcare and basic necessities," said Rhea Elina Laughlin of the East County Regional Group.
I'm happy to see people getting engaged with their local communities and exerting political power. However, I don't believe the solution to the housing crisis has to do with corporate landlords. I would argue that corporate landlords offer affordable living options for renters.
This is happening there, in my area and countless other places. China has a chunk of the sales that landlords lost money during the last two years. Happened before in history, cause hell where prices drop and buy a ton of cheap properties.