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Foreclosure crisis makes Detroit a city of renters, not homeowners

And many of .....»»

Category: topSource: usatodayMar 20th, 2017

Here’s what it looks like when the foreclosure ‘pig’ moves through the housing-crisis ‘python’

There’s a notable exception in the housing recovery: delinquent mortgages bought on government auctions by institutional investors to buttress the market, irking the homeowners and advocacy groups that the program was meant to help......»»

Category: topSource: marketwatchJul 24th, 2017

Detroit Plans to Board Up Every Abandoned Home Within 2 Years

Detroit’s mayor, Mike Duggan, plans to board up every abandoned home in the deteriorating city. That is about 25,000 homes. The number makes the task monumental. The city would have to shutter........»»

Category: blogSource: 247wallstJun 3rd, 2017

Puerto Rico Makes Unprecedented Move To Restructure Billions In Debt

The territory, which is ineligible for bankruptcy, filed to begin a similar procedure tailor-made for its more than $70 billion debt crisis, which is likely to dwarf Detroit's 2013 Chapt.....»»

Category: topSource: nprMay 3rd, 2017

Puerto Rico Makes Unprecedented Move To Restructure Tens Of Billions In Debt

The territory, which is ineligible for bankruptcy, filed to begin a similar procedure tailor-made for its more than $70 billion debt crisis, which is likely to dwarf Detroit's 2013 Chapt.....»»

Category: topSource: nprMay 3rd, 2017

Renters now rule half of American cities

Detroit was once known as a city where a working-class family could afford to own a home. Now it’s a city of renters......»»

Category: topSource: moneycentralMar 23rd, 2017

Renters now rule half of American cities

Detroit was once known as a city where a working-class family could afford to own a home. Now it’s a city of renters......»»

Category: topSource: moneycentralMar 23rd, 2017

For the first time in half a century, renters outnumber homeowners here

For the first time in half a century, renters now outnumber homeowners in Detroit......»»

Category: topSource: moneycentralMar 21st, 2017

San Francisco has become a city for rich renters

Kārlis Dambrāns/FlickrRenters have long struggled with soaring rents in some of the top housing markets in the US. In San Francisco, it’s called the “Housing Crisis” because middle-class households, such as teachers, can no longer affo.....»»

Category: topSource: businessinsiderNov 6th, 2016

Detroit"s Latest Entrepreneurial Efforts Get A Boost From WeWork, Dan Gilbert

The city of Detroit, unlike almost any other in the United States, was hard hit during the 2007-2008 financial crisis. Auto related jobs were destroyed, the government was forced to raise billions of dollars of debt and the city itself was forced to file .....»»

Category: blogSource: benzingaSep 27th, 2016

City should buy more foreclosures to save neighborhoods at risk

With nearly 30,000 pending foreclosure cases in New York City last year, this crisis has lingered well past the 2008 crash. One borough has faced the brunt of it: Queens. Foreclosure rates there have... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkSep 18th, 2016

San Diego Wants To Allow Homeless People To Live Inside Empty Football Stadium

Via TheAntiMedia.org, In an effort to combat a growing homelessness crisis, city officials in San Diego are developing a plan to temporarily house vagrants at a university practice field, local.....»»

Category: blogSource: zerohedge51 min. ago

Chennai"s thirst grows as Tamil Nadu water crisis worsens despite monsoon

Even as the South West Monsoon hit the Southern part of the country almost two months back, the water shortage in the State of Tamil Nadu, including its capital city of Chennai is becoming more serious.The State is facing one of the.....»»

Category: topSource: business-standard15 hr. 51 min. ago

Outside the Box: Fifty years after the riots, Detroit is finally rising out of the devastation

Fifty years after riots shook Detroit, the Motor City seems to be finally on its way back, writes Barry D. Wood......»»

Category: topSource: marketwatchJul 23rd, 2017

Small Town Suburbia Faces Dire Financial Crisis As Companies, Millennials Flee To Big Cities

College graduates and other young Americans are increasingly clustering in urban centers like New York City, Chicago and Boston. And now, American companies are starting to follow them. Companies looking.....»»

Category: blogSource: zerohedgeJul 22nd, 2017

Pet-sitting in NYC is illegal, but animal lovers aim to fix that

A popular online pet-care network is taking aim at a New York City law that makes unlicensed paid pet-sitting illegal. The Daily News says Seattle-based Rover.com hopes to get the law... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkJul 21st, 2017

Online network takes aim at pet-sitting law

A popular online pet-care network is taking aim at a New York City law that makes unlicensed paid pet-sitting illegal. The Daily News says Seattle-based Rover.com hopes to get the law... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkJul 21st, 2017

Austin ad agency that makes San Antonio look good could have contract extended

Visit San Antonio is expected to decide this week which agency will get the opportunity to market the nation’s seventh-largest city to prospective convention and leisure travelers......»»

Category: topSource: bizjournalsJul 20th, 2017

Made a Misstep When It Comes to Housing? You’re Not Alone

Many homeowners and renters are feeling.....»»

Category: realestateSource: rismediaJul 17th, 2017

A Colorado city makes top 10 for 1st-time homebuyers; here"s how 13 local cities rank (Video)

Several Colorado's suburbs and other cities around the state may be optimum for first-time homebuyers, according to a new report from WalletHub. That's despite the fact that the average price of a metro Denver home has topped $454,000, according to.....»»

Category: topSource: bizjournalsJul 17th, 2017

Feds Say Condo Involved In NYC"s Largest Foreclosure Tied To Nigerian Corruption Case

New York City real estate, particularly the luxury market, is a popular refugee for world’s corrupt, self-dealing public servants and the crooked businessmen who bribe them. China cracked down on wealthy citizens seeking to stash their wealth in i.....»»

Category: blogSource: zerohedgeJul 17th, 2017