Rents for the rich are plummeting. Rents for the poor are rising. Why?
“Faye Porter’s heat frequently doesn’t work, leaving icicles inside her windows during Chicago’s brutal winters. Her building’s stairwells and hallways weren’t cleaned sometimes for months over the past year, she said. Faulty wiring nearly started a fire in her kitchen not long ago. Yet, despite all this, her landlord recently raised her rent by $70.”