Subprime Redux: How a Mom From Van Nuys Is Taking on the Biggest Real Estate Corporations in the Country
Silvia Venegas grew up in Van Nuys. She raised her children there. She calls herself a “typical Latina Valley girl.” And now’s she in a fight the likes of which Los Angeles hasn’t seen since the dark days of the Subprime Mortgage Crisis.
Vanessa Bulnes and her husband, Richard, bought their house on 104th Avenue in East Oakland, Calif., in 1992. The modest two-bedroom property is where they lived for 20 years, raising three children, and where Vanessa made a living running an in-home day-care center. Neighbors in the mostly African American community often saw her planting vegetables in the backyard, with her kids in tow.
With housing costs gobbling up wage increases for union members and almost everyone else, labor must prioritize housing affordability. For many millions of Americans, winning decent, safe, and affordable housing is an urgent necessity. Housing costs are putting the squeeze on working families in urban and suburban settings alike, especially in communities of color that have long been targeted by predatory housing schemes.
For many millions of Americans, winning decent, safe, and affordable housing is an urgent necessity. Housing costs are putting the squeeze on working families in urban and suburban settings alike, especially in communities of color that have long been targeted by predatory housing schemes. Since the financial crisis, housing affordability has grown even worse for workers, as gentrification, rising rents, and the corporatization of rental properties—both multifamily and single-family homes—displace communities of color and increase homelessness.
According to the official records, U.S. workers went on strike seven times during 2017. That’s a particular nadir in the long decline of organized labor: the second-fewest work stoppages recorded by the U.S. Bureau of Labor Statistics since the agency started keeping track in the 1940s.
Protesters turned up at a meeting of the Los Angeles Board of Education and shut down debate at a time when a teacher strike in the nation’s second-largest public school system seems increasingly likely. More than 50 adults and students went to the meeting late Monday and shouted at board members in support of teachers and their union, which has been negotiating for more than 1½ years with the Los Angeles Unified School District and its new superintendent, Austin Beutner, the Los Angeles Times reported.
As all eyes were turned toward the big-ticket races in the House and Senate on Tuesday night—as Georgia, Florida, and Texas tiptoed toward history and then hit retreat—activists in cities around the country had their sights set on their own hard-fought prize: a suite of housing initiatives that had the ability to bring relief to millions of renters. Indeed, the mid-term elections were a critical test for this country’s growing tenants’-rights movement, which has emerged as a vibrant political force in recent years as renters and their allies work to combat exorbitant housing costs, rampant gentrification and widespread homelessness.
On August 24, the tenants of two buildings near the Hollywood Forever Cemetery in Los Angeles received letters from their landlord notifying them of a rent increase of over $800 a month. The increase was not a result of repairs or tax increases but rather, the letter said, of the upcoming election in November.