New Orleans This is such a short limb, I don’t mind crawling out on it: every community needs a foreclosure bond. OK, I’ve said it, now what am I talking about? I interviewed Gary Davenport on Wade’s World who now works for the Mahoning County Land Bank, which is an interesting operation itself, based in …
Category: Foreclosure
Not the Doctor to Fix America’s Housing and Urban Issues
New Orleans It is hard to escape the feeling that the only reason that President-elect Trump is preparing to recommend Dr. Ben Carson as Secretary of the Department of Housing and Urban Development (HUD) is because he is an African-American, and that somehow aligns with Trump’s view of those parts of urban America where he …
Bottom Feeders, Home Dreamers, and Big Time Realty Schemers
Chicago When neighborhoods are wracked by foreclosures and the abandonment that accompanied the 2008 Great Recession and financial chicanery that popped the real estate bubble, significant studies have documented the loss in value experienced not only by houses on the block, but also houses within a mile away that also lose value. Put enough abandonment …