New Orleans Every report indicates that predatory practices are spreading when lower income families are trying to acquire homes in the current real estate market where banks have cut back on small loans, the subprime lending market has virtually disappeared, and vulture investors are trying to exploit the situation. The terrible result has been an …
Tag: housing
Crisis in Home Ownership for Working Families and Minorities
New Orleans Something big is happening in housing. Maybe big and bad. Maybe big and unknown, but scary in its uncertainty for the future. Here are the facts that frighten. Home ownership dropped again in the last quarter of 2016 and when it did so, it fell below 63% to the lowest level in …
Milwaukee and Other Cities are Explosions Waiting to Happen
New Orleans For quite a while in these times of inequity and polarization around income, class, race, and so many other issues, there has seemed – at least to me – a fuse steadily and slowly burning towards an explosion in our cities. We are definitely seeing it now in Milwaukee, as the community rioted …