Tenants Have More Economic Power Than They Think

Just as workers can withhold labor to halt production, tenants can withhold rent to challenge corporate landlords. In Los Angeles, a coalition of tenants and debtors is proving that housing is a site of real economic power.

Councilwoman Eunisses Hernandez gathers at an apartment complex in Lincoln Heights with residents and activist as they protest poor living conditions in several apartment communities in the area

Housing costs make up the vast majority of Americans’ annual bills and outstanding balances. (Jason Armond / Los Angeles Times via Getty Images)


Less than a year out from the congressional midterm elections, President Trump has at times styled himself as an economic populist — signing executive orders against institutional investors in the single-family housing market, floating credit card interest rate caps, and teasing “Trump Accounts” to help Americans build wealth.

Many of these ideas have clear appeal across party lines. Indeed, some of them are borrowed directly from progressives. But Donald Trump’s seriousness about these proposals is highly questionable at best. At a cabinet meeting in late January, for example, the president said off the cuff that he actually wanted to “drive housing prices up,” adding that he would not “destroy the value” of existing homeowners’ property “so that somebody that didn’t work very hard can buy a home.”

For affordable housing advocates, a larger question looms over the particular contradictions of Trump’s presidency: Why should millions of people’s ability to secure a good home depend on the prevailing political winds in the first place? Housing is a basic need, just one step above food and water. A transformative politics would reclaim it as shelter, home, and community — not a financial playground for Wall Street speculators.

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