The landlord's problem with the affluent tenant, Harms found, was not so oppressive as at first it seemed.
Many young, affluent tenants occupy the studio, one-, two- and three-bedroom units.
More affluent tenants would simply be repaying the city for some of the unwarranted largess they have received over the years.
As the affluent tenants embark upon an orgy of destruction, Ballard tells the story of how the whole block slowly degenerates into anarchy.
It fulfills the expectation of city officials that the best way to revitalize this long-neglected stretch of waterfront is with houses for affluent tenants and buyers.
So that leaves the upper reaches of tapered buildings the exclusive domain of small, affluent tenants.
It is an early example in the United States of a multiple-family building designed with large apartments for affluent tenants.
The intent is to attract affluent tenants like hedge funds and private equity firms.
To attract renters, landlords had to lower rents dramatically, attracting less affluent tenants with less funds to maintain the homes.
When a system holds rents well below market rates, it tends to freeze affluent as well as modest-income tenants in place.