Reveal’s Aaron Glantz Says Those Profiting Off Housing Crisis Target Detroit, Other Michigan Cities
Glantz comes to town on Thursday at 6 p.m. at the Detroit Public Library Main Branch.
Detroit's population declined for the seventh straight decade, according to 2020 U.S. Census data.
A gang of Wall Street kingpins, greedy investors and crooked banks have been stealing the American Dream by making it harder for people to own homes. That’s the premise of “Homewreckers,” a new book from Reveal Senior Reporter Aaron Glantz.
Glantz will be in town on Thursday at 6 p.m. at the Detroit Public Library Main Branch.
Click on the player above to hear “Homewreckers” author Aaron Glantz speak about his book and how investors are targeting Michigan cities.
Glantz says the housing crisis of 2008 never really ended.
“I think people have been really stuck,” he says. “They’ve been stuck back ten years ago still fighting over what happened in the crash, and not understanding that ten years have passed and when eight million people lost their homes somebody ended up with the houses.”
Michigan was the number three state targeted by what Glantz calls a “foreclosure machine” run by Stephen Mnuchin, who is now President Donald Trump’s treasury secretary.
“Detroit is facing some unique challenges on the national stage, but a lot of the dynamics are still the same,” says Glantz.
Reveal is heard on WDET Tuesdays at 2 p.m.
