Evicted: Poverty and Profit in the American City

by Matthew Desmond

A couple of generations ago, a gathering like this would have been virtually unheard-of. Many landlords were part-timers: machinists or preachers or police officers who came to own property almost by accident (through inheritance, say) and saw real estate as a side gig.7 But the last forty years had witnessed the professionalization of property management. Since 1970, the number of people primarily employed as property managers had more than quadrupled.8 As more landlords began buying more property and thinking of themselves primarily as landlords (instead of people who happened to own the unit downstairs), professional associations proliferated, and with them support services, accreditations, training materials, and financial instruments. According to the Library of Congress, only three books offering apartment-management advice were published between 1951 and 1975. Between 1976 and 2014, the number rose to 215.9 Even if most landlords in a given city did not consider themselves “professionals,” housing had become a business.