“But if the math of Moving Day worked out cruelly in constrained markets and for families in financial straits, it worked out very differently in most places and for most people throughout the nineteenth and early twentieth centuries as the housing stock rapidly expanded. You could spot the approach of Moving Day, a Milwaukee paper explained, by the sight of new buildings being rushed to completion and old houses being renovated, repaired, and restored. As wealthier renters snapped up the newest properties to come to market, less affluent renters grabbed the units they had vacated in a chain of moves that left almost all tenants better off. By concentrating their moves on a single day, tenants maximized the number of options that would be available to them.”
―
Stuck: How the Privileged and the Propertied Broke the Engine of American Opportunity
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