|Grixdale in Detroit|
From the Detroit Free Press:
As of 2015, the latest Census estimates available, about 53% of Detroiters were renters, not owners. Exactly when renters became the majority is not clear — just sometime in the past few years. The issue began to percolate earlier this month with a report by Detroit Future City.From my post at Da Tech Guy:
Decades ago, Detroit was renowned as a place where working-class folks could own their home. Black residents enjoyed some of the highest homeownership rates in the nation. But the Great Recession and collapse of the housing market almost 10 years ago saw more than 100,000 Detroit homeowners fall into foreclosure.
I walked its streets--the tragedy of Detroit