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Foreclosure crisis makes Detroit a city of renters, not homeowners

And many of .....»»

Category: topSource: usatodayMar 20th, 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

Calling politicians hopeless, landlords and tenants sue to fix property taxes

Property tax bills vary wildly for homes of similar value in New York City, but for decades weak-willed politicians have refused to fix it because it would involve raising some homeowners' taxes.... To view the full story, click the title link......»»

Category: blogSource: crainsnewyork1 hr. 54 min. ago

Bills aim to help landlords get paid on time by the city

New bills from the City Council aim to build landlords' trust in city programs that help formerly homeless people pay rent. The legislative package targets "the crisis of confidence in city subsidy... To view the full story, click the title link......»»

Category: blogSource: crainsnewyork11 hr. 24 min. ago

The U.S. Makes It Easy for Parents to Get College Loans---Repaying Them Is Another Story

The federal Parent Plus loan program has millions of borrowers, many with subprime credit ratings. Its default rate exceeds the rate for U.S. mortgages at the peak of the housing crisis, and the debt is almost impossible to extinguish through bankruptcy......»»

Category: topSource: wsjApr 24th, 2017

This city has the most heavily indebted homeowners in America

Low income and high house prices in some cities are a very bad combination.....»»

Category: topSource: moneycentralApr 21st, 2017

The Odunpazari Modern Art Museum pays homage to Ottoman Empire era architecture

The city of Eskisehir, Turkey is known as a vibrant city packed with cultural, which makes it the perfect location for the planned Odunpazari Modern Art Museum. The museum is planned for a site located between a neighborhood called Odunpazari.....»»

Category: realestateSource: bdcnetworkApr 21st, 2017

Bid-rigging was taking place at foreclosure auctions in California

Justin Sullivan/Getty ImagesThe Foreclosure Crisis, spawned by the Financial Crisis and the Housing Bust, became a veritable money machine for some folks. And it just .....»»

Category: topSource: businessinsiderApr 20th, 2017

This city has the most heavily indebted homeowners in America

Low income and high house prices in some cities are a very bad combination......»»

Category: topSource: marketwatchApr 20th, 2017

Housing Crunch Threatens Reno"s Tech Boom

During the recession, Reno was a poster child for the risks of overbuilding. Now, the city is facing a looming housing crisis after enticing tech companies to open manufacturing facilities......»»

Category: smallbizSource: wsjApr 20th, 2017

City"s richest benefited most from financial crisis recovery

New York City’s richest residents gained most in the recovery from the 2007 financial crisis, while the bottom half lost ground. The Independent Budget Office, a nonpartisan public fiscal... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkApr 19th, 2017

The Detroit of Tomorrow?

Say the words “big city pension problem,” and what are the first images that come to mind? More than likely, it.....»»

Category: blogSource: valuewalkApr 18th, 2017

Redevelopment Authority makes pick for West Philadelphia properties destroyed in MOVE incident

The Philadelphia Redevelopment Authority selected AJR Endeavors to redevelop three dozen properties that were involved in the infamous MOVE explosion that took place in 1985 and marred a neighborhood, the city and its mayor. The effort by the cit.....»»

Category: topSource: bizjournalsApr 18th, 2017

One company symbolizes everything sickening about the opioid crisis (INSY)

Reuters Insys Therapeutics makes a spray version of the powerful opiate fentanyl, which is many times stronger than morphine. The company pays speakers fees to doctors, some of whom have had their licenses su.....»»

Category: topSource: businessinsiderApr 13th, 2017

Meet the 2017 Power 100 - Part 4

A big part of reporting on what’s going on in Kansas City business is pointing out who makes things go in our community. The Power 100 is an attempt to gather on one list some of the most influential people in the business community. It includes .....»»

Category: topSource: bizjournalsApr 13th, 2017

United chief vows never to repeat passenger ejection

Oscar Munoz makes pledge as airline seeks to draw line under public relations crisis.....»»

Category: topSource: ftApr 12th, 2017