
Aaron Mondry, Outlier Media
Aaron Mondry is a reporter with Outlier Media. He also writes The Dig, a weekly newsletter on housing and real estate.
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It’s true that Detroit has some of the highest insurance premiums in the state — far above suburban rates — and that’s unlikely to change without regulatory action. But there are still strategies Detroiters can use to lower coverage costs.
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A Florida-based real estate startup made a pitch to foreign investors: For as little as $50, anyone with a crypto wallet could buy into a portfolio of 39 homes on Detroit’s eastside.
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Experts agree that Detroit’s population has been undercounted, costing millions annually. The City of Detroit says in a lawsuit that the way the U.S. Census Bureau determines population fundamentally disadvantages “older urban cities.”
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The owner has made repairs after flood damage and some improvements to services. Residents say there’s more work to be done.
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Tenant associations are springing up across the city. Their members say they’re pushing back against landlords who profit off buildings they don’t take care of — while raising rents and evicting residents.