The Eviction Economy

Author: Matthew Desmond

Reporting by The New York Times explains that evictions are no unfortunate accident, but the product of a system constructed to exploit: “Landlords like Tobin aren’t making money in trailer parks or ghettos in spite of their poverty but because of it. Depressed property values offer lower mortgage payments and tax bills. In poor areas of the cities, rents are lower, too — but not by much. In 2010, the average monthly rent in Milwaukee’s poorest neighborhoods was only $50 less than the citywide median.”

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