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Illustration depicting Treasury Secretary Scott Bessent at Davos podium criticizing smug social media post by Gov. Gavin Newsom amid housing policy dispute and California budget concerns.
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Bessent answers Newsom’s ‘smug’ post after Davos housing remarks

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Treasury Secretary Scott Bessent criticized California Gov. Gavin Newsom after Newsom mocked Bessent’s comments at the World Economic Forum about how the Trump administration could restrict large investors from buying single-family homes. The back-and-forth played out in social media posts and televised remarks from Davos, where Bessent also tied the dispute to California’s budget outlook.

São Paulo Governor Tarcísio de Freitas will announce on Wednesday (4) a R$ 20 billion plan to build 23,000 housing units and infrastructure at 14 railway stations along the axis between São Paulo and Campinas. The Novas Centralidades project aims to foster economic autonomy and reduce commuting, targeting vulnerable families through public-private partnerships.

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Cape Peninsula University of Technology is grappling with its annual accommodation shortage, leaving many students without housing at the start of the academic year. Some first-year and returning students have slept outside campuses in District Six and Bellville, while others receive temporary placements as appeals are processed.

Daily Maverick is seeking assistance from Capetonians to document the city's growing affordability crisis in housing. The initiative, led by journalist Rebecca Davis, invites residents to submit old and current financial statements for comparison. This effort aims to quantify changes over the past decade.

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Nearly one in two real estate agencies accepts or facilitates racial discrimination in housing access, according to testing conducted by SOS Racisme in 2025. Delegate Minister Aurore Bergé reminded that discrimination is illegal and announced mandatory training for all real estate agents. The study reveals the persistence of practices prohibited by law.

A new article in The Nation argues that recent books on housing affordability wrongly focus on NIMBYism and regulations while ignoring the role of private equity firms. These investors are snapping up homes across the country, driving up prices and rents. The piece highlights successful community-led projects that counter the narrative of obstructive local opposition.

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Egypt’s Minister of Housing, Utilities and Urban Communities, Sherif El-Sherbiny, met with a delegation from the French construction materials group Saint-Gobain to discuss potential cooperation in advanced building materials, energy efficiency solutions, and green construction. The meeting aligns with the ministry’s ongoing efforts to coordinate with international companies and bolster ties in construction and sustainable development sectors.

 

 

 

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