FROM Cheryl Russell
Is the US Becoming a 'Rentership' Society? Hundreds of thousands of foreclosed homes look like a good investment — not for re-sale, but for rentals on a massive scale. In Riverside, California, an area hard hit by the housing crisis, one company is buying up five to seven foreclosed homes every day. Will George W. Bush's "ownership society" morph into a "rentership society?"
Is a 'Rentership Society' the Next Phase in the Housing Crisis? Major investors with lots of cash are scooping up foreclosed homes and converting them into rental properties. In Riverside, California — an area hard hit by the housing crisis — one company is buying up five to seven foreclosed homes every day. Warren Buffett says rentals are much more profitable than stocks, and he'd like to buy up "a couple hundred thousand homes." Prices are way down, mortgage credit is hard to get and the time is right to out-bid individual families. Will traditional, first-time home-buyers have a chance against private equity funds? Will home ownership be possible for fewer and fewer Americans? This story was informed in part from sources in the Public Insight Network. To find out more, see our website, http://www.kcrw.com/insight .
The 'deconstruction' of the administrative state President Trump has failed to fill high-level positions in important agencies — and some people he has named want to phase out the agencies they're supposed to lead. We look at the possible consequences for delivering services and providing security — and at top aide Steve Bannon's plans for "deconstructing the administrative state."
The President and America's infrastructure: Bait and switch? President Trump's $1 trillion infrastructure proposal may not be what it seems. We look at the prospects for much-needed improvements in roads, bridges and airports.
Political appointments and the reshaping of the judiciary President Trump has the chance for a long-term impact -- not just on the US Supreme Court, but on the entire federal court system. And his nominees are likely to get the support of a massive spending campaign by donors who don't have to reveal their names. Can President Trump "pack" the federal court system?