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U.S: Moving evicted tenants is big business

Posted on 09 January 2012

Property owners across the country bear a burden from the recession: paying a fortune in moving and storage costs to evict tenants who fail to pay their rent. But the owners’ losses are a boon for the companies that clear out homes. Their business has skyrocketed, “making money out of people’s misery,” said David Robinson, an attorney for Legal Services NYC, which helps low-income New Yorkers navigate the eviction process.

Hardest-hit are ethnic urban neighborhoods, where about twice as many renters are forced to leave as in the general population, according to housing experts………………………………………Full Article: Source


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