California Housing Crisis and Domuso’s Predatory Lending


California Housing Crisis and Domuso’s Predatory Lending

2019-02-11T11:00:33+00:00February 11th, 2019|Advocacy|

One of the most prevalent issues the U.S. working class faces today is the exorbitant and quickly rising cost of housing. California has witnessed extreme growth in these costs, although this trend is not exclusive to California. Families from all over the state are struggling to make monthly payments as capitalist rental companies are looking to exploit that struggle. According to a Quinnipac poll released Feb. 6, 61 percent of Californians aged 18 to 34 cannot afford to live in the state.

Amongst a severe crisis in affordability, landlords constantly try to find new ways to coax more money out of tenants. Santa Monica-based startup Domuso, which pretends to offer a simple way to solve your rent problems, is an example of the many ways capitalists are carving out new markets to exploit, to the detriment of working people.

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