Quote preview background for Ziad K. Abdelnour
Myth: US housing market is in recovery. Fact: Big banks have been hiding their bloated home inventory, seized by virtue of home foreclosures.
Ziad K. Abdelnour Economic Warfare: Secrets of Wealth Creation in the Age of Welfare Politics
Turn into a Quote Card

Quote Detail

Myth: US housing market is in recovery. Fact: Big banks have been hiding their bloated home inventory, seized by virtue of home foreclosures.
ZA
Ziad K. Abdelnour

Economic Warfare: Secrets of Wealth Creation in the Age of Welfare Politics

Quick Answer

What this quote page tells you

This canonical quote page keeps the full saying, the attributed author, any linked work, and the topic tags together so the quote can be cited from one stable URL.

Related Quotes

More quote cards from the same area

"

In 2013, 1 percent of poor renters lived in rent-controlled units; 15 percent lived in public housing; and 17 percent received a government subsidy, mainly in the form of a rent-reducing voucher. The remaining 67 percent_2 of every 3 poor renting families__eceived no federal assistance. 32 This drastic shortfall in government support, coupled with rising rent and utility costs alongside stagnant incomes, is the reason why most poor renting families today spend most of their income on housing.

MD
Matthew Desmond

Evicted: Poverty and Profit in the American City

"

For almost a century, there has been broad consensus in America that families should spend no more than 30 percent of their income on housing. Until recently, most renting families met this goal. But times have changed__n Milwaukee and across America. Every year in this country, people are evicted from their homes not by the tens of thousands or even the hundreds of thousands but by the millions.

MD
Matthew Desmond

Evicted: Poverty and Profit in the American City

"

The year the police called Sherrena, Wisconsin saw more than one victim per week murdered by a current or former romantic partner or relative. 10 After the numbers were released, Milwaukee__ chief of police appeared on the local news and puzzled over the fact that many victims had never contacted the police for help. A nightly news reporter summed up the chief__ views: __e believes that if police were contacted more often, that victims would have the tools to prevent fatal situations from occurring in the future._ What the chief failed to realize, or failed to reveal, was that his department__ own rules presented battered women with a devil__ bargain: keep quiet and face abuse or call the police and face eviction.

MD
Matthew Desmond

Evicted: Poverty and Profit in the American City