Two Cleveland houses tell a story of America’s unequal recovery

Source: Shawn Donnan, Bloomberg Businessweek

The disparity in house prices on the two sides of the city reinforces Cleveland’s wealth gap. People such as Bihuniak and the newlyweds are doing fine. Hodge and Schulstad both work from home, and the pandemic has had little impact on their professional lives or incomes. “We’re fortunate to be relatively safe in our work environment,” Hodge says. “It’s weird that the housing market is so crazy, but people want more space, and interest rates are so low.”

But for renters on the east side, the pandemic has been crueler. At least one-third of tenants who inhabit the 900 affordable housing units managed by the Famicos Foundation in the neighborhoods of Hough and Glenville are behind on their rent, says John Anoliefo, the nonprofit’s executive director. Almost two dozen haven’t paid any rent since March.

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