Private equity has made housing more expensive-under Trump, it will likely get worse

Catherine Bracy's new book, "World Eaters," delves into how venture capital and private equity have intensified the housing crisis and economic disparity in the U.S. Amidst potential funding cuts to the Department of Housing and Urban Development during the Trump administration, Bracy emphasizes that consumers may face worse conditions. She argues that the risky, casino-like approach of venture capital is damaging to the economy, with negative implications for housing markets. The mixed success of housing models, such as fractional ownership and rent-to-own pathways, further complicates the housing landscape.

"They're playing with fire," says civic technologist Catherine Bracy. "It's catastrophic on a scale that I don't have words for. What that means for the rental and mortgage market..."

Bracy, who cofounded the nonprofit advocacy group TechEquity in 2016, has long pushed for more consumer protections and better transparency around tech business models.

Read at Fast Company