What’s the difference between eviction and Hurricane Katrina? Eviction and poverty are not the result of weather conditions or terrorism? Eviction is happening to many people simultaneously, and it meets FEMA Administrator Craig Fugate’s definition of a disaster as “An emergency in which the injuries or victims outnumber responders or the resources available.”

We have a housing surplus. How is that the housing market then yields such a high number of evictions? Shouldn’t rents go down in a market economy with a housing overage? Continue reading →