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 …
Tag: affordable housing
Realtors and Redlining Destroyed Neighborhoods – Was Alinsky a No-Show?
New Orleans Looking into the rising return of the family crushing and neighborhood killing predation involved in contract-for-deed property transactions being revived by Wall Street veterans and facilitated by weak regulations and federal off-loading of foreclosure inventory from the real estate bubble of 2008, I stumbled onto an interesting book, Family Properties: Race, Real Estate and …
Waking up the Sleeping Giant and Building a Renters’ Voting Block
Buckhorn, Ontario It is hard to escape the feeling, country to country, that low-and-moderate income families, and, just possibly, even families with more money, are rapidly consolidating into a permanent class of renters. Certainly in some cities around the world like New York City, Toronto, London, and elsewhere, this has long been the case. In …