When Wall Street came to my home park

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For the more than 20 years, I have thrived in a community of cell homes. I enjoyed the position where, until Wall Street, it bought the park and threatened my well-being, that of my neighbors, and that of my family.

Mobile homes are an important source of affordable housing for approximately 3 million families in 45,000 communities in the United States. These families have an average source of income of around $36,000 and come with vulnerable populations such as seniors, people with disabilities, and immigrants.

Our cell phone network is the kind of position where each and every neighbor helped everyone; if my lawn was not cut, the neighbor opposite cut it; if he didn’t mow his lawn that week, I would take care of that’s how we were.

But things got confusing in 2012, when RHP Properties, a company connected to Brookfield Asset Management, a Toronto-based personal equity corporation, took over our cell phone network in Spring Valley, New York.

Mobile home communities exist in component to give other disadvantaged, low-income or retired people like me the opportunity to have their own space. It is its own courtyard, with its own entrance.

But RHP houses only saw one opportunity for profit. Shortly after they took over, the cash we had to pay to have our home in the community, called land royalties or lot rent, began to increase.

My land rights alone have reached nearly $1,400. But that’s not all.

RHP has also started charging for facilities that were once included in rent, such as water, while the facilities we paid for are getting thinner and thinner, wells began to expand in alleys and roads, trees collapsed in people’s yards, and trash began to pile up. Maintenance requests have remained unanswered for months.

He has been converting for some time. According to a report by Americans for Financial Reform and MH Action, an organization I work with, Wall Street’s involvement in mobile home parks is a national phenomenon.

Commercial acquisitions and personal capital from cell home communities have left U. S. citizens helpless In some cases, they increased costs by as much as 60 percent, overlapping school taxes, trash can fees, and administrative fees on the most sensitive hires — all new costs. that were not charged before.

Many have also evicted citizens from the pandemic, despite federal regulations opposing evictions.

We want to replenish and we did it yesterday.

At the state level, we can protect mobile home citizens with legislation to protect against excessive hiring increases and lay the legal groundwork for community-friendly asset models that help citizens maintain the circle of family members who have made my home a home.

Nationally, we want Congress to initiate a basic restructuring of the predatory personal justice industry by passing the Stop Wall Street Looting Act. Executives.

This rebureaucracy would gain far more advantages than citizens of cellular homes. Across the country, personal equity firms are raising people’s charges for housing bureaucracy, shortening life expectancy in nursing homes, destroying retail jobs, and devastating local newspapers with ruthless charge reductions.

The personal justice industry, in short, is for some of the most destructive business practices in the United States.

My neighbors and I love the place where we live and refuse to back down and leave our homes. It is time for our chosen ones to act.

This editorial distributed through OtherWords. org.

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