Marketing and Artificial Profits are Huge Factor in US Inequality

Citizen Wealth Financial Justice

New Orleans       When I first read an email about Washington University’s law Professor Gerrit De Geest’s book, Rents: How Marketing Causes Inequality, I thought, right on!  Soaring rents for tenants are absolutely driving inequality in city after city.  Actually, looking at the book was different, but perhaps more important.  When De Geest is talking …

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The Census and Contracts-for-Deed

ACORN Citizen Wealth Financial Justice Foreclosure

Little Rock       One somewhat nagging problem the ACORN Home Savers Campaign has confronted over the last several years, especially when we looked at the frequency of “contracts-for-deed” was the lack of definitive data.  Sure, we knew in Detroit that more contracts-for-deed were being registered under real estate transfers in recent years than were any form …

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The Coming and Current Crisis: Rising Rents and Evictions

ACORN Citizen Wealth Financial Justice Foreclosure

Little Rock   Cause and effect. Truth and consequences. What goes around, comes around. Pick your favorite, but it was virtually inevitable that when you have a residential housing bubble explode, a recession, massive foreclosures, wipe out 30-years of home ownership gains among African-Americans and Latinos, and tighten credit markets and standards for low-and-moderate income families, …

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