Alex Alsup: Keeping People in Their Homes in Detroit (opens in new tab)

When it comes to housing, Detroit's struggles could be seen as a portent of things to come for other parts of America. Over the past fifteen years, one in three properties in the city have entered into tax foreclosure auctions, with speculators "milking" foreclosed homes for however much money they can get in the short-term, all while letting the property deteriorate. Meanwhile, residents of the home (either the owners themselves or renters) face the possibility of eviction. The ultimate cost...