Banks Tax Credits for Evictions of Poor; Washington Supreme Court Rules for $15/Hour at SeaTac Airport
Banks Get Credit for Helping the Poor — By Financing Their Evictions? In areas across California with rent-controlled apartments, investors can buy a building, invoke a state law called the Ellis Act, and kick out all existing tenants, converting the building to luxury housing. Wealthier families move in under a relationship called Tenancy in Common, a form of homeownership where they purchase a share of the building. Over 10,000 tenants have been displaced by this strategy since 1997, according to the advocacy group Tenants Together.
Washington Supreme Court Rules For $15 An Hour At SeaTac. Workers at Seattle-Tacoma International Airport must be paid a minimum wage of $15/hour in accordance with the City of SeaTac’s Good Jobs law (Proposition #1, enacted by voters in 2013) the Washington State Supreme Court ruled today.
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If you cant pay your mortgage, you’re best plan is to demolish your house and ship it to it’s new owner, the bank, preferably in a large skip. You sill own the land, so you can rebuild.