American landlords derive more profit from renters in low-income neighborhoods

Re:American landlords derive more profit from renters in low... by RugnirViking on Saturday March 23, 2019 @03:02PM (#19471817)

so let me get this straight: We are saying that there are some people who are doing okay in one place, and in another place, they have poverty.

And this is not inequality?

Honestly though, its been far more clear to me living and working in a country with much better income inequality how much the state of some places having rampant poverty and other places in the same country having massive profits. It seems like a cliché to say, but how is it that in the country with the highest average salary in the world there is so much poverty?

It's because there is a much sharper distribution: the wealthy few make far far more in america than they ever do in europe, but everybody else is better off.

The sharpness of this curve is what indecates inequality to me. I'm sure there are all sorts of fancy ways economists have quantified this, along with economic mobility (also shockingly low in the supposed land where anyone can make it)

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Re:American landlords derive more profit from renters in low... by closeparen on Sunday March 24, 2019 @01:26AM (#19474539)

Sure, there is inequality. You can remove it by destroying all housing wealth and evicting every American every month. But that makes the situation worse, not better. So the inequality is not the interesting or problematic aspect here.

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