When Wilmers and Desmond control for regular expenses in the form of mortgage payments, property taxes, property insurance, utilities, and property management fees, they find the actual profits that landlords make to be significantly higher in poor neighborhoods.
And the same basic pattern holds when expenses including maintenance and repairs are factored in. Those are whopping margins, and the reason for this discrepancy is that rental markets have very different dynamics in expensive cities like New York and San Francisco than less expensive cities like Milwaukee.
In low-cost cities, landlord profit rates rise steeply alongside neighborhood poverty. But in expensive cities, the reverse is true.
- Making the rich pay more to care for the poor is common sense.
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- Five Ways The Poor Pay More Everyday!
In expensive cities, landlords make money through appreciation and gentrification which is bad enough for the poor. In lower-cost, more economically hard-hit cities, they make it on the backs of the poor.
The warped logic of making the poor pay more
When all is said and done, the poor suffer not only in the labor market. They suffer again in the rental housing market, paying more of their lower incomes for housing, and facing the double whammy of labor and housing exploitation. CityLab editorial fellow Nicole Javorsky contributed research and editorial assistance to this article. The Congress for New Urbanism once again ranks the most-loathed urban freeways in North America—and makes the case for tearing them down.
Two new studies have revived the long-running debate over how police respond to white criminal suspects versus African Americans. From ancient Rome to modern Atlanta, the shape of cities has been defined by the technologies that allow commuters to get to work in about 30 minutes.
Rich pay less, poor pay more for same water quality–UN | Inquirer News
Cities that require builders to provide off-street parking trigger more traffic, sprawl, and housing unaffordability. But we can break the vicious cycle. Brentin Mock Sep 20, Claire Tran Apr 3, Brentin Mock Aug 6, Maps The Commuting Principle That Shaped Urban History From ancient Rome to modern Atlanta, the shape of cities has been defined by the technologies that allow commuters to get to work in about 30 minutes. Jonathan English Aug 29, Transportation Parking Reform Will Save the City Cities that require builders to provide off-street parking trigger more traffic, sprawl, and housing unaffordability.
Donald Shoup Sep 20, Expanding access to drinking water and sanitation requires addressing exclusion and inequality "in both policy and practice," the report concludes. As part of that global effort, "those 'left behind' need appropriate representation in political and other decision-making processes, either directly or through civil society organizations with a clear mandate from those they represent.
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- Rich pay less, poor pay more for same water quality–UN?
- Rich pay less, poor pay more for same water quality–UN.
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Published on. Tuesday, March 19, Common Dreams. Jessica Corbett, staff writer.