On Jan 1, 2020, AB1482 comes into effect, capping rents at their rates as of March 15, 2019 plus an above-inflation; in response, the state's greediest landlords are evicting their tenants, either by raising their rents to levels they can't afford to pay between now and Jan 1, forcing them out, or by staging "no cause" evictions in cities that permit them. If those tenants are gone on Jan 1, the landlords can set a new rent floor that ignores the rates as of last March. Read the rest

The new GOP tax plan slashes the taxes on real estate investment trusts (REITS) by a quarter, dropping the rate from 39.6% down to 29.6% -- a move that will put tens of millions of dollars in the pockets of investors in America's notorious private prisons. Read the rest