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
The high cost of housing is crushing poor families and sending them to a state of desperation.
Interpretation
The increasing expense of housing is putting severe pressure on low-income families, leading to dire circumstances.
In this quote, Matthew Desmond highlights the significant financial burden that rising housing costs impose on poor families. It emphasizes that as housing becomes increasingly unaffordable, many families find themselves in desperate situations, struggling to meet basic needs, which can lead to greater societal issues such as homelessness and instability.
In practice
In a speech addressing local government, one might quote Desmond to urge for affordable housing initiatives.
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.
Socialism failed because it couldn't tell the economic truth. Capitalism may fail because it couldn't tell the ecological truth.
Good economic theory must give the people the chance to use their talents to build their own lives. We must get away from the traditional route where the rich will do the business and the poor will depend on private or public charity.
Hillary Clinton understands that if someone in America this country works 40 hours a week, that person should not be living in poverty. She understands that we must raise the minimum wage to a living wage.
In reality there is no such thing as an inflation of prices, relatively to gold. There is such a thing as a depreciated paper currency.
The best and most sustainable love story for markets is one based on a healthy and dynamic real economy that creates jobs and opportunities for many more people.
I believe myself to be writing a book on economic theory which will largely revolutionize - not, I suppose, at once but in the course of the next ten years - the way the world thinks about economic problems.
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