People Are Making Big Money Kicking Detroit Residents Out Of Their Homes (HBO)


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Published: 1 year ago
In the last 15 years, one in three Detroit properties have been foreclosed on. When most people think of foreclosure, they think of people who can’t afford to pay off their mortgages.

But in Detroit, it’s often the result of people struggling to pay their property taxes. One big reason is that, in the years after the Great Recession, the city went bankrupt and failed to lower property assessments far enough to account for the impact of the housing crisis. While the value of residents’ homes fell, their taxes remained inordinately high, and tens of thousands of people fell so far behind on their inflated tax bills that the county seized their homes and sold them off at annual auctions.

In recent years, the city and county have lowered assessments and offered reduced interest rates to some homeowners. But they have no plans to stop punishing those who were overcharged in the past.

VICE News followed this year’s tax foreclosure auction and investigated how the county financially benefits from the process. As Detroit touts its comeback and celebrates its success in climbing out of the largest municipal bankruptcy in American history, many of the city’s residents remain on the brink of displacement.

This segment originally aired December 7, 2017, on VICE News Tonight on HBO.

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VICE News followed this year’s tax foreclosure auction and investigated how the county financially benefits from the process.
WATCH NEXT on housing in America - http://bit.ly/2BAgSJ4

1 year ago

100 years ago, homestead property was not foreclosable. We let the globalist change it into their rental system through property taxes.

6 days ago

Phuking vultures

2 weeks ago

+vankov_yurk In America you have to insure your house if you want a mortgage from a bank. They want to be sure they can get their money back if it something bad happens.

3 weeks ago

+Joe Fish Why u need insurance for your home?

1 month ago

+Joe Fish you lucky if you can find insurance under 1800. A year for a house in the city

1 month ago

I hope to purchase my first tax forfeit home in Detroit in a couple of months. I'm so exited!

3 hours ago

you kick yourself out by not paying your taxes.........here we go again, vice pushing the victim culture!!!

9 hours ago

And these are the people alongside the banks that Obama saved. Huh 🧐

10 hours ago

People tax themselves to death by voting in crooks & I’m supposed to feel sorry for them? Quit voting for pimps that tell you what you wanna hear.

12 hours ago

Alot of problems with this. However problem starts with uneducated voters. Not understanding what's truely going on in thier city. Raising pensions and decreasing tax income has cased the city to indirectly increase property taxes to stay afloat. This is a result of Detroit going bankrupt and increasing cost of living taxes to stay afloat.

1 day ago

Rich stay Rich by attacking the poor smh

1 day ago

They let the black woman do they bidding for them tho

1 day ago

The problem isn’t the people making the money, but the government raising taxes, the corrupt politicians should be in prison.

1 day ago

Rich gentrifying ass whole, they already have the world. Make property taxes higher in poor back neighborhoods, Systemic slavery. Black save your money and buy land over seas I will never invest in a home-in America.The land of the free and the home of the SLAAAAAAVVVEESSS!

1 day ago

Don't pay your property taxes and you'll find out who really owns your home.

2 days ago

People in Detroit keep electing demoncrats. Look at there history, it speaks for itself. Get offended if you want but facts are facts. So I am agreeing with many of you. Politicians are a big part of the problem but the people elect them.

2 days ago

African American people are always in some type of mess.

2 days ago

This is called Gentrification folks, its happening all over. Adapt to the changes or become a victim. This is not going to slow down!

2 days ago

Beautiful

2 days ago

They been doing and still doing this in Atlanta. They only muesli do this in black neighborhood all over America. They make you sell out because everything is too high. Then they overcharge the new people have come in make their money then overcharge them even more. Just to get them out back out the neighborhood. Then bring back in the poor people just to get tax breaks off the government with government section 8 assistance. And repeat the cycle over and over that's how rich people get rich.

2 days ago

sad they are over taxed into the street thats so greedy and evil.

3 days ago

People say it's a race thing why crime is so high in Detroit, then I see shit like this and know it isn't. People in these low socioeconomic places deserve so much better than what they are getting.

3 days ago

That old man is a scum bag.. with his yellow ass teeth.

3 days ago

Democrats say you don't pay enough taxes . This insane bunch of liberals ruin the city years ago.Last out leave on the lights. let them pay the bill.

3 days ago

Is that the only way of state income there? Putting burden of ur own incompetancy and mismanagement over poor people. Disgusting.

3 days ago

This world is a human farm control and manipulate by not soul crooks.

3 days ago

This happens in every state. Can't afford your auto registration, the cost of which somehow continues to rise despite the lower value of it and the state will seize it and sell it to someone who will pay whatever is due.
It is a corrupt system out of control. Oh, and by the way, tax payers are required by law, to pay the retirement costs of state employees. They themselves wrote laws that tax payers, though rendered homeless by the economy the state ruined, MUST pay these criminals to retire in comfort.

3 days ago

That house would be $400,000 where I live

4 days ago

Make America great again 🤔

4 days ago

Stealing citizens hard earned money thru frivolous taxes and insane regulations/penalties. That's SOCIALISM!

4 days ago

Neo-Feudalism in 3.....2....1......

4 days ago

The city is essentially trying to exercise eminent domain over the residents through taxation but without having to meet the constitutional standards.

4 days ago

you missed the fine print when dropped kicked into this world...Death & Taxes. but stealing & murdering is never to be tolerated.

4 days ago

When you see ridiculous abuses like this, it just shows the true face of what capitalism really is!

4 days ago

we are cannabalizing our neighbors and fellow citizens. America is being destroyed from the inside out.

5 days ago