
The Baffler | LoC
Then came the rupture of the Great Recession, when hundreds of thousands of homes in the city’s metro area entered foreclosure between 2009 and 2012. In the aftermath, private-equity vultures descended on the carcass of Atlanta’s single-family housing market, ultimately hiking rents, imposing fees, and ramping up evictions. Since 2010, median rent in the city has increased by 76 percent, while Atlanta’s low-income housing stock has plummeted. Wages have flatlined for the lowest earners, who are now crammed into Atlanta’s most desolate neighborhoods.