America's Housing Nightmare
By Justin Mitchell WASHINGTON (VOR) – America’s homeowners have had a rough decade. The mortgage crisis, beginning as early as 2005 and peaking in 2008 and 2009, have left around 10 million Americans displaced due to foreclosures, many stemming from bad mortgage products pushed by America’s biggest banks. Lately, we have been hearing about a housing “recovery” as home prices rise. But that rhetoric may be concealing another looming disaster.
By Justin Mitchell BALTIMORE (VOR) —Urban blight is a symptom of population loss. So is a declining tax base. But what if a vacant building's owner doesn't have to pay taxes? If the building's owner is a church, that's exactly the situation. VOR's Justin Mitchell has been spending some time in Baltimore, examining the effects of urban blight on this once-vibrant city.
Photos by Justin Mitchell Baltimore (VOR) —VOR presents photos from the second in our series on America's 21st century housing crisis.
By Justin Mitchell Baltimore (VOR)— In 21st Century America, keeping a roof over your head is more challenging than ever. Rents are rising, the economy is sluggish, politicians are oblivious, and financial struggles are a fact of life. This VOR special series examines the many debates, hardships and inconvenient truths America faces as it struggles to rebound from economic collapse and at the same time adjust to a radically different future.
Photos by Justin Mitchell WASHINGTON (VOR) - VOR presents photos from the first in our series on America's 21st century housing crisis.