They describe a country where tenants work multiple jobs, send the majority of their take-home pay to their landlords - a quarter of tenants pay *70%* of their wages in rent - and live in vermin-filled homes without heat or ventilation:
https://www.phenomenalworld.org/analysis/terms-of-investment/
Public money from Freddie Mae and Fannie Mac flood into the speculative market for multifamily homes, a largely unregulated, subsidized speculative bonanza that lets the wealthy make bets and the poor pay their losses.
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