Summer Series: Wake Up! How Vulture Capitalists Demolished the American Dream

08/09/23 • 49 min

It's summertime in Sweden and Canada, so it's time for Pushback Talks - Summer Series! And we're doing things a little differently this year. For the next six weeks, we'll revisit some of our favorite episodes from across all six seasons, giving you updates on the guests and topics at the top of each episode.
The Filmmaker and the Advocate are taking a break, but the podcast isn't. No matter where you are - we hope you enjoy this year's Summer Series!
This week we revisit Pushback Talks' first-ever guest, Peabody Award-winning investigative journalist, San Francisco resident, and author of, Homewreckers, Aaron Glantz. Glantz speaks with Fredrik and Leilani about the devastating impact of vulture capitalists on millions of Americans since entering the housing sector after the Global Financial Crisis. Nobel Laureate Joseph Stiglitz provides a jumping-off point for the trio to discuss the cozy relationship between government, banks, and private equity that ensured those with money would be winners and those without would have their dreams demolished.
Fredrik and Leilani used this episode of PUSHBACK Talks as a wake-up call and a warning: the vultures are likely circling again, with 40 million people in the US who can’t pay their rent and nearly 4 million who can't pay their home mortgages. Years later, the financial situation in the US has only worsened, making this conversation all the more relevant.
Produced by WG Film
Recorded & Edited by Sebastian Cronholm
Music by Florencia Di Concilio
Social Media & Support - Kirsten McRae

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Summer Series: Taking on Blackstone – Denmark’s Housing Minister Lays Down the Law

It's summertime in Sweden and Canada, and that means it's time for Pushback Talks - Summer Series! And we're doing things a little differently this year. For the next six weeks, we'll revisit some of our favorite episodes from across all six seasons, giving you updates on the guests and topics at the top of each episode.
The Filmmaker and the Advocate are taking a break, but the podcast isn't. No matter where you are - we hope you enjoy this year's Summer Series!
In this episode, we look back at Fredrik and Leilani's 2021 conversation with Denmark’s then Housing Minister – Kaare Dybvad Bek – one of the few politicians in the world to have had the courage to take on Blackstone and other institutional investors. With Copenhagen being dominated by private equity, pension funds, and asset management firms, the Minister took matters into his own hands. Despite considerable pressure, a Parliamentary Committee launched an investigation into the matter and successfully put forward ground-breaking legislation aimed at keeping big finance out of Copenhagen’s housing market.
Known as ‘Lex Blackstone’, the legislation put a 5-year ban on renovations and rent increases for new owners and strengthened tenants' rights. The legislation had its intended results: fewer institutional investors and a significant decrease in property prices. Denmark’s legislation still offers inspiration and stands as a model for advocates and politicians across the globe, even years later.

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Summer Series: The Vulture Ate My Student Housing

This year's summer series is coming to a close! We did things a little differently this year, revisiting some of our favorite episodes from across all six seasons, and giving you updates on the guests and topics at the top of each episode.
No matter where you are - we hope you enjoy the final episode of the 2023 Summer Series!
Students the world over head to university filled with hopes and dreams for the future. But to pursue those dreams requires secure housing and that’s where the nightmare begins. The co-hosts swap stories of student life in London, Lagos, Dublin, Seoul, and Toronto. Students are working multiple jobs to pay the rent, lobbying for the right to sleep in their cars, experiencing sexual coercion, spending hours commuting back and forth each day, and worrying about the debt they’re accruing. Just when they should be stepping into the world with energy and strength, they are being beaten down.
Lower-income students have less time to study and are leaving university with crippling debt loads, creating new patterns of inequality. The Filmmaker and the Advocate discuss one of the central drivers of these conditions: student housing has become one of the hottest commodities around. It's being scooped up by global vulture funds including ... you guessed it ... Blackstone. This episode will make you angry and should make all of us want to push back so young people can dream again.
In recent days, the story has only gotten worse. In cities around the world, university students are facing homelessness, with many staging protests against universities that accept them without providing a proper and affordable place to stay. In Turkey, Canada, and beyond, students are pushing back against untenable housing conditions.

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