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RealClearInvestigations – Homepage: Dearth of Credit Starves Detroit’s Housing Market


Ben Eisen, Wall Street Journal
Lenders shun the city’s low-priced properties, making it hard for Black residents to access homeownership. The city of nearly 700,000 saw barely 1,700 mortgages made last year. The solution for some Detroiters is to buy a fixer-upper for a few thousand dollars cash and pour in sweat equity.

RealClearInvestigations – Homepage