2 ms·
This article is so silly and the answers so obvious. It's not some exploitative factors driving a difference in rent. It's other factors driving a difference
by JamesBarney 8y ago
This article is so silly and the answers so obvious.
It's not some exploitative factors driving a difference in rent. It's other factors driving a difference in price. Every landlord knows you can make more money in low income areas, and especially with section 8. But they still don't buy there because those areas are rougher, many landlords or middle to upper class and don't necessarily understand those neighborhoods, and you have to deal with more evictions.
And the biggest difference is that low income people can't afford/don't have the credit/down payment to buy. So there is a lot less competition for ownership there than a high income neighborhood.