Eviction capital of Florida: UNF study finds Duval County had the most eviction filings in the state last year. Why?Local News
“Housing, human shelter, something that everyone needs is now becoming an asset class investment,” said David Jaffee, UNF Professor of Sociology.“When we started this project in 2022, we were really looking at what factors are contributing to the spike in rents in Jacksonville,” Jaffee said. “So we decided we need to investigate the corporate landlord invasion, not just in the single-family sector, but also in the multifamily sector.
“There’s the business model that we associate with the financialization of human shelter,” Jaffee said. “They buy up these properties. They bundle them together into a portfolio, and they make that available to their investors.” “One of the things that they like to do is if somebody has been there paying a certain level of rent, it’s often easier to bring somebody in new, OK, who hasn’t lived there and didn’t know that the rent was $1,100. Now it’s $1,400,” Jaffee said.