In 1933, the US government decided that Americans should pay no more than 20 percent of their income for housing. Today, though, almost half of renters pay more than 50 percent of their incomes toward housing, leaving them with precious little left to feed their children, pay for medical care, or cover emergencies. Far too many of these families end up on the street.
Congress has the power to intervene in the markets and protect American taxpayers. Why haven't they?
In Stealing Home, James M. Nelson explores the dramatic surge in housing costs and the homelessness that's too often the result. Through meticulous research, Nelson unravels the underlying threat that no one else has seen coming-the industry-wide algorithms and shared databases that give a handful of companies a virtual monopoly.
Those who control the AI technology will control the wealth that fuels the industry, not to mention the future of housing.
Stealing Home uncovers how the groups established to regulate American housing and prohibit discrimination are being gutted right under our noses. This is the wake-up call we didn't know we needed, coming from a banking insider who's taking an enormous personal risk to show us just how much worse things could get.
Industry Reviews
"Nelson's righteous anger makes this book a must-read for not only those in the real estate and banking industries, but also for anyone who seeks to understand why, in the words of activist Jimmy McMillan, 'Rent Is Too Damn High.' The author combines the indignation and passion of an activist with the technical knowledge of a seasoned banker."
- Kirkus Reviews
"Stealing Home is a brilliantly researched book into why rental prices are escalating throughout the country. We must demand answers from those who can fix this crisis. Nelson shows us what we can and must do to fix this. Reporters, please read and investigate this. Now!" - Julie Blacklow, former KING-5 Seattle investigative journalist
"Nelson's compelling research correlates artificial intelligence, rising rental prices, and in many cases, discrimination within AI algorithms during a time when we need answers and accountability for sky-rocketing multifamily rental rates." - T'wina Nobles, President and CEO, Tacoma Urban League
"James Nelson has done the movement for affordable housing a huge favor by writing this explosive new book about Artificial Intelligence technology. Tenants who are constantly threatened with rent increases and mass evictions can now fight back against landlords' greed. Nelson's research justifies a thorough investigation by the responsible public officials." - Mike Withey, human rights lawyer and former president of the Public Justice Foundation