Skip to main content

Wealthy Investors Gouge Fixed-Income Renters

A "rentier" is defined in the Random House Dictionary as "a person who has a fixed income, as from lands or bonds." The rentier class consists of those who essentially earn money off of investments instead of working on an hourly or daily wage. Many of the people who rent housing from rentiers -- in other words, renters -- live on another form of fixed income altogether: social security. Others work long hours at low-paying jobs. Renters often can't afford to own their apartments or homes, and, therefore, other entities -- including, increasingly, investment firms -- are financially benefiting from their need for shelter.  Read more.

Comments

Popular posts from this blog

Technology Access Gap Leaves Millions of Students Struggling to Keep Up

Twenty-one-year-old Mirka Mendez, a petroleum engineering student at the University of Texas-Austin (UT), has a deep understanding of the US’s technology gap. Without easy access to the internet while in high school, she often had to leave home at 4 a.m. and sit on a bench outside her school so that she could use the building’s hotspots to do research, study or write papers before the opening bell.  Read more.