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US housing and sub-prime crisis

March 2024

  • A black and white 'for sale' sign outside a house

    Race and money
    American dream of owning a home is dead, majority of renters say

    Exclusive: most renters surveyed by Harris Poll say the areas they live in have become so unaffordable they are ‘barely livable’

June 2023

  • ‘We’re at a point in the housing market where we just haven’t been building housing for a long time, so there’s just no adequate supply.’

    Buying a home in the US is expensive – and that isn’t changing anytime soon

    Even if there are fewer home buyers and prices have been falling slightly, they’re still much higher than pre-pandemic and for many, more unaffordable than ever

December 2022

  • ‘This ain’t meant for people who don’t already have money,’ Maxwell Frost tweeted about apartment hunting with poor credit.

    First Gen Z congressman says he was rejected from Washington DC housing

    Florida Democrat Maxwell Frost says he incurred debt from his campaign and was recently denied an apartment for poor credit

July 2017

  • vera jill and thomas sung of abacus federal savings bank standing in a bank vault

    Abacus: Small Enough to Jail review – compelling real-life legal drama

    Steve James’s documentary about how one small family-owned bank fought to keep its reputation tells a very human story

February 2017

  • Dawn Foster

    Foster on Friday
    Trump's housing policies will hit the poor - and middle America, too

    Dawn Foster
  • In the city of Milwaukee, Wisconsin, 16 families are evicted every day.

    No place like home: America’s eviction epidemic

  • People walk past a Deutsche Bank logo

    Nils Pratley on finance
    Deutsche Bank: no reason to panic … yet

    Everything rests on the final fine from the US justice department – if it is big, Germany’s biggest bank will be pushed into a very big corner
  • the Dax graph

    The $14bn Deutsche Bank fine – all you need to know

    Why is Germany’s biggest bank in $14bn worth of trouble and can it afford the huge US fine? Find out here …
  • A red traffic light besides the Deutsche HQ

    European banking shares dive amid threat of $14bn Deutsche Bank fine

    German lender vows to fight penalty sum threatened by US Department of Justice as investors pile out of banking sector

July 2016

  • Xavier Allen and Anita Gardner organize the Concerned Citizens community council in the Mount Pleasant neighborhood of Cleveland, Ohio.

    'Donald Trump was part of the problem': Cleveland's subprime lesson for Republicans

  • Abandoned homes still dominate the Cleveland landscape in the years after the US housing crisis.

    Trump's predatory housing advice still plagues Cleveland, say activists – video

June 2016

  • Repossessed homes in Detroit

    US housing crisis is a stark warning for the UK after the Housing Act

    Glyn Robbins
    The US has a housing crisis on a scale so far unimaginable here, but new rules to restrict access to social housing put the UK on the same path

April 2016

  • A woman sells some of her goods to make ends meet, Milwaukee

    Book of the day
    Evicted by Matthew Desmond review – what if the problem of poverty is that it’s profitable to other people?

    ‘There is an enormous amount of pain and poverty in this rich land,’ argues American sociologist Desmond in this brilliant book about housing and the lives of eight families in Milwaukee

March 2016

  • Aditya Chakrabortty

    One day, nine cruel evictions. How supersized inequality looks in the US

    Aditya Chakrabortty
    No pity or sentiment in crisis–hit Milwaukee, where I saw a succession of poor, black families turfed on to the city’s freezing streets

June 2015

  • The front of a boarded up building in the Mount Pleasant section of Cleveland, Ohio, 25 January 2008. The area is filled with homes for sale or on the auction block. The city of Cleveland is the epicenter of the nation's home foreclosure crisis and is creating bad news for nearby homeowners and cities across the country because they lead to falling property values and increased crime. The mortgage crisis has created a new industry for developers buying foreclosed or auctioned homes at cheap prices, then reselling them for a profit.   AFP PHOTO/Timothy A. CLARY (Photo credit should read TIMOTHY A. CLARY/AFP/Getty Images) For Cities: Cleveland property

    Black Americans unfairly targeted by banks before housing crisis, says ACLU

    American Civil Liberties Union says black families in study had been subjected to ‘redlining’ – denying or charging more for necessary services – before 2008 crash

February 2015

  • HSBC sign

    Nils Pratley on finance
    HSBC: is it time to allow an outsider to chair the bank?

    Given its huge expansion drive, the bank may have benefited from an independent, non-executive chairman to ask the awkward questions

November 2014

  • A boy runs past graffiti in the Bronx, where Westbrook owns many apartments.

    Westbrook Partners: the global landlords 'using property like an ATM'

  • A newspaper stand on 42nd Street with he

    For America’s poor, it’s clear a two-party system is no longer enough

    Farai Chideya

October 2014

  • elizabeth warren campaign trail

    Do Democrats want to fix inequality? Or just complain about it?

    Alexis Goldstein
    Alexis Goldstein: If progressives think they’ve got any chance at midterm victory, it’s time to focus on dramatic solutions for young and minority voters – before it’s too late

September 2014

  • David Simon photographed in New York before filming of his new series Show Me a Hero.

    The Wire creator David Simon: why American politics no longer works

    The writer’s next show, Show Me a Hero, is the true story of a battle over public housing that convulsed New York in the 80s. John Mulholland meets him on location in Manhattan
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