If you have someone who is paying 88 percent of her income on rent, and we have laws that allow a landlord to evict a tenant who falls behind under those circumstances, eviction becomes an inevitability.
Matthew DesmondRead
Eviction is part of a business model at the bottom of the market.
Interpretation
Eviction is often a strategic choice in low-income housing markets, showcasing the challenges faced by tenants.
Matthew Desmond's quote illustrates how the practice of eviction is not merely a consequence of individual circumstances but is ingrained in the business practices of landlords who operate in low-income areas. This reveals the structural issues within the housing market, where vulnerable populations are disproportionately affected by these policies, leading to cycles of poverty and instability.
In practice
During a speech on housing policy, one might say, 'As noted by Matthew Desmond, eviction is part of a business model at the bottom of the market.'
If you have someone who is paying 88 percent of her income on rent, and we have laws that allow a landlord to evict a tenant who falls behind under those circumstances, eviction becomes an inevitability.
Do we believe housing is a right and that affordable housing is part of what it should mean to be an American? I say yes.
The texture and hardship of poverty and eviction is something that I think left the deepest impression on me, and I hope that I try to convey a little bit of that to the reader.
When I was confronted with just the bare facts of poverty and inequality in America, it always disturbed and confused me.
Arguably, the families most at need of housing assistance are systematically denied it because they're stamped with an eviction record. Moms and kids are bearing the brunt of those consequences.
Moms that get evicted are depressed and have higher rates of depressive symptoms two years later. That has to affect their interactions with their kids and their sense of happiness. You add all that together, and it's just really obvious to me that eviction is a cause, not just a condition, of poverty.
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Why do we fully tax some kinds of income from capital, like interest and dividends; partially tax other kinds like capital gains; defer tax on other kinds, like IRAs; and impose no tax at all on still other types of capital income, like interest on municipal bonds? This simply is not rational. These distinctions don't have any inherent logic.
Measures which serve to abridge the free competition of foreign Articles, have a tendency to occasion an enhancement of prices.
It is my guiding confession that I believe the greatest error in economics is in seeing the economy as a stable, immutable structure.
Most poor people live in the poorest countries.
That economic decisions are made without certain knowledge of the consequences is pretty self-evident. But, although many economists were aware of this elementary fact, there was no systematic analysis of economic uncertainty until about 1950.
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