"those losses aren’t equitably distributed, either: Nearly 2 million mortgages are underwater in the U.S., and they’re disproportionately concentrated in Black and Latino communities. Tenants in coastal cities, meanwhile, know the pain of forking over more and more rent every year, unable to save for a down payment and living at the mercy of sometimes unscrupulous landlords."
What on earth does not equitable mean in terms of distributing losses?
Secondly "living at the mercy" hold on, renters aren't tenant farmers who can't leave their lord's land. People do actually choose to live in expensive rented accommodation. They make the choice that the property location etc is worth more than the cash, to them.
What on earth does not equitable mean in terms of distributing losses?
Secondly "living at the mercy" hold on, renters aren't tenant farmers who can't leave their lord's land. People do actually choose to live in expensive rented accommodation. They make the choice that the property location etc is worth more than the cash, to them.