Tuesday, November 10, 2015

"Trailer park king sued by residents in Texas for raising rents"

"He tells his students that tenants are more likely to be encouraged to put in a few more hours at Walmart or other low-paying jobs than find the $3,000-$5,000 it costs to move their trailer to another park. Most of the North Lamar tenants are Spanish-only-speaking Latino immigrants working manual labour jobs.

Gregorio Casar, an Austin city councillor, said the residents and their families face “becoming homeless just to make a bit more profit so a couple of guys from Colorado [Rolfe and Reynolds] can buy a speedboat”.

“It is a ruthless business model. The investors have bragged in public about how they can make such a high return from relentlessly raising rents from people on very low incomes,” he said. “People here are having to take second or third jobs just because someone from out of state wants to make more money.”"
http://www.theguardian.com/us-news/2015/may/11/trailer-park-king-sued-by-residents-in-texas-for-raising-rents

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