The Metro:  Detroit vs Speculators: The lawsuit that never was - WDET 101.9 FM

The Metro:  Detroit vs Speculators: The lawsuit that never was - WDET 101.9 FM

For a long time, one of Detroit’s biggest challenges was blight. Generational disinvestment and residential flight left about 80,000 homes blighted by 2014. Since then, the city has removed or rehabbed thousands of properties. But blight and disinvestment have given way to a different problem: housing speculation. To make quick profits, speculators, often from outside Detroit, buy homes cheaply, rent them out, and invest little to nothing in upk…