But don’t worry!—you can always rent from a private equity firm. Because their goal is to maximize short-term profits, they can be terrible landlords. Many raise rents, skip maintenance and avoid long-term upgrades or improvements.
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Since mass migration away from cities began in the mid 1940s, the mark of social privilege in America has been car and home ownership in a suburban community. It’s not that walkable urban communities ceased to exist, it’s that desegregation made them undesirable—too Black, Brown, immigrant, and low income—for white Americans who could afford to live elsewhere.
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