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[–] canbot 0 points 3 points 3 points (+3|-0) ago
The banks. They get free money from the Federal Reserve and from government handouts. They buy up real estate and rent it to the Baby Boomers' kids who can't afford to buy.
[–] Kannibal [S] 0 points 1 point 1 point (+1|-0) ago
If the banks are owed mortgages, that's one thing.
If the folks have paid off the mortgages, it's something else.
Look at the crumbling houses of Detroit
http://www.dailymail.co.uk/news/article-2193717/Detroit-Housing-Photographs-crumbling-houses-litter-Detroits-dilapidated-neighbourhoods.html
http://all-that-is-interesting.com/abandoned-detroit-photos
https://www.google.com/search?q=abandoned+blocks+detroit&tbm=isch