Author(s): Scott Gerald Shall
Post-bubble, many neighborhoods in America, have seen the appraised values of properties decrease markedly, resulting in a sharp lapse in public and private investment. This, combined with stagnant income for many American families, has created an increased demand for rental properties within our urban cores, which has inflated the costs associated with renting. Asa result, in areas like Detroit, renters can expect to pay three times more per month than homeowners on housing – a situation that forces families to spend well over half their modest income on housing and leaving precious little for food, heat and other essentials. This serves to further depress housing values in many neighborhoods, making new development unthinkable.
Volume Editors
Amir Ameri & Rebecca O'Neal Dagg
ISBN
978-1-944214-14-2