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Urban landlords quickly realized that piles of money could be made by creating slums: __aximum profits came, not from providing first-class accommodations for those who could well afford them_ but from crowded slum accommodations, for those whose pennies were scarcer than the rich man__ pounds._ Beginning in the sixteenth century, slum housing would be reserved not only for outcasts, beggars, and thieves but for a large segment of the population.
Matthew Desmond Evicted: Poverty and Profit in the American City
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Urban landlords quickly realized that piles of money could be made by creating slums: __aximum profits came, not from providing first-class accommodations for those who could well afford them_ but from crowded slum accommodations, for those whose pennies were scarcer than the rich man__ pounds._ Beginning in the sixteenth century, slum housing would be reserved not only for outcasts, beggars, and thieves but for a large segment of the population.
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Matthew Desmond

Evicted: Poverty and Profit in the American City

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