The pandemic housing market has been especially tough for homebuyers looking at the lower end of the price spectrum, so many are looking at alternative financing through land contracts, which can be particularly predatory. While it can be a potential path toward homeownership, assistant professor Eric Seymour says land contracts are particularly attractive for unscrupulous property dealers because rather than offering a property as a rental – which puts the property owner on the hook for maintenance and repairs – a land contract puts all the responsibilities on the buyer.
Mian: Affordable housing in God’s backyard
Affordable housing in God’s backyard: Some religious congregations find a new use for their space By Nadia Mian, Ph.D., Senior Program Director, Ralph W. Voorhees Center for Civic Engagement Faced with declining membership, aging buildings and large, underutilized...
