Emeritus Prof Christopher May on Nostr: It makes sense: if #landlords in deprived areas are more likely to have funded their ...

It makes sense: if #landlords in deprived areas are more likely to have funded their properties through a #mortgage, they'd also be more likely to pass on #interestrates rises to tenants... and indeed it seems this is what is happening.

One more dimension of how the #housingcrisis' impact is skewed towards the poor(er) & vulnerable in society.

Rentier #capitalism at work

https://www.theguardian.com/money/2023/sep/03/uk-rents-rise-faster-in-deprived-areas-and-drag-more-people-into-poverty