Market for fixer-uppers traps low-income buyers
Contracts for deeds lure them into home ownership but ends in eviction when payments and taxes go unpaid
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Akron, Ohio
HUNDREDS of broken-down houses still dot the streets of this one-time tyre capital of the world, a scar from the financial crisis and housing bust.
The wood has rotted in some, others have black mould, broken windows or failing foundations. Many lack working electrical systems or are missing water pipes and furnaces. The unpaid property taxes mount.
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