Poverty and Profit in the American CityLarge Print - 2017
From Library Staff
A readalike for Hillbilly Elegy
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If incarceration had come to define the lives of men from impoverished black neighborhoods, eviction was shaping the lives of women. Poor black men were locked up. Poor black women were locked out.
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Between 2007 and 2009, the American housing market was shaken by the subprime mortgage crisis, in which banks foreclosed on millions of homeowners who could not keep up with their rapidly inflating mortgage payments. But another group of people is deeply affected by the trauma of displacement on a more regular basis: the renting poor. Many of these families are spending between fifty and seventy percent of their monthly income on housing, and even a small crisis can easily cause them to fall behind on the rent, making them subject to eviction. Sociologist Matthew Desmond takes the reader into two of Milwaukee’s poorest neighbourhoods, one predominantly white, the other mostly black, and spends eighteen months examining what happens when landlords evict those who have fallen behind on the rent.
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