Urban landlords quickly realized that piles of money could be made by creating slums: “maximum profits came, not from providing first-class accommodations for those who could well afford them… but from crowded slum accommodations, for those whose pennies were scarcer than the rich man’s pounds.” Beginning in the sixteenth century, slum housing would be reserved not only for outcasts, beggars, and thieves but for a large segment of the population.
Matthew Desmond, Evicted: Poverty and Profit in the American City
housing, landlords, poverty