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No place like home: America’s eviction epidemic
- Oxitendwe 10y agoWhy is it an "eviction" epidemic? Isn't that just a symptom of them being unable to pay their rent? It seems like a more accurate term would be "insolvency epidemic". It seems disingenuous also to cast people who carry out evictions in such a poor light - they're simply doing their job, and an important one at that unless you'd like to argue that landlords have no right to expect payment from their tenants.
- prostoalex 10y agoAlso seems weird to talk about the epidemic now vs 2008. I guess the economic cycle moved this way: housing got cheap -> everybody got adjustable-rate mortgages with balloon payments -> rents got cheap -> ARM rates increased or balloon payments came due -> massive foreclosures, former buyers moved to renting -> rents got expensive.