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Berkeley public housing tenants speak out about billionaire takeover
Billionaires made out like some fat rats in public housing takeover. Public records reveal that the out-of-state billionaires got a sweet deal for their efforts to grab Berkeley's public housing units from the poor. It cost The Related Company around $35 million to buy Berkeley's 75 public housing units, at a cost that works out to be around $99 per square foot, even though the median price of housing in Berkeley is currently going for around $454 per square foot.
Billionaires made out like some fat rats in public housing takeover. Public records reveal that the out-of-state billionaires got a sweet deal for their efforts to grab Berkeley's public housing units from the poor. It cost The Related Company around $35 million to buy Berkeley's 75 public housing units, at a cost that works out to be around $99 per square foot, even though the median price of housing in Berkeley is currently going for around $454 per square foot.
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