This article examines tenant exploitation and landlord profit margins within residential rental markets. Defining exploitation as being overcharged relative to the market value of a property, the authors find exploitation of tenants to be highest in poor neighborhoods. Landlords in poor neighborhoods also extract higher profits from housing units. Property values and tax burdens are considerably lower in depressed residential areas, but rents are not. Because landlords operating in poor communities face more risks, they hedge their position by raising rents on all tenants, carrying the weight of social structure into price. Since losses are rare, landlords typically realize the surplus risk charge as higher profits. Promoting a relational approach to the analysis of inequality, this study demonstrates how the market strategies of landlords contribute to high rent burdens in low-income neighborhoods.

中文翻译：

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穷人是否为住房支付更多？租赁市场的开发、利润和风险

本文研究了住宅租赁市场中的租户剥削和房东利润率。作者将剥削定义为相对于房产的市场价值收取过高的费用，作者发现贫困社区对租户的剥削最高。贫困社区的房东也从住房单元中获取更高的利润。在萧条的住宅区，房产价值和税收负担要低得多，但租金却不然。由于在贫困社区经营的房东面临更多风险，他们通过提高所有租户的租金来对冲自己的位置，将社会结构的权重转化为价格。由于损失很少，房东通常将剩余风险费用作为更高的利润来实现。促进对不平等的分析的关系方法，