Toronado3800
Gold Member
- Nov 15, 2009
- 7,608
- 560
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In St Louis and many cities to the east we have these big hollow devalued cores of obsolete city / suburb cores ranging in age from old brick home neighborhoods to the first of the post WWII neighborhoods.
Generally I consider this an economic and environmental problem. Economic because value is lost needlessly and we know what happens to the economy when home values drop. Environmental because of the problems with sprawl and the loss of efficiency with our longer commutes. It doesn't matter if I buy a car that gets 15 (FIFTEEN!) more miles per gallon if my commute is 15 miles longer, I still use a gallon of fuel not to mention the other wear items which make the country less competitive.
HOWEVER,
Ridiculously cheap $10,000 homes which really don't meet any safety standards but are functional do provide housing to very poor people. Not in areas with great schools or great crime rates but housing none the less. Nothing like disposable income also.
If you don't have kids you need to put in private school, don't mind seeing black folks at the grocery store, and can live with a handful of murders a year happening within a 5 mile circle of your home I know where you can get an acre of beautiful land w/o ridiculous subdivision ISIS like over site, within 15 miles of the arch and a reasonable home for $60,000.
So, in a way its beneficial but the pattern here is for the $60,000 home neighborhood to decay into the $10,000 home neighborhood and quickly. We just don't have any incentive to rebuild when it is cheaper to flee, go west to rezoned farm land and allow decay.
Is this really a problem though for anyone who isn't attached to their home or land?
Generally I consider this an economic and environmental problem. Economic because value is lost needlessly and we know what happens to the economy when home values drop. Environmental because of the problems with sprawl and the loss of efficiency with our longer commutes. It doesn't matter if I buy a car that gets 15 (FIFTEEN!) more miles per gallon if my commute is 15 miles longer, I still use a gallon of fuel not to mention the other wear items which make the country less competitive.
HOWEVER,
Ridiculously cheap $10,000 homes which really don't meet any safety standards but are functional do provide housing to very poor people. Not in areas with great schools or great crime rates but housing none the less. Nothing like disposable income also.
If you don't have kids you need to put in private school, don't mind seeing black folks at the grocery store, and can live with a handful of murders a year happening within a 5 mile circle of your home I know where you can get an acre of beautiful land w/o ridiculous subdivision ISIS like over site, within 15 miles of the arch and a reasonable home for $60,000.
So, in a way its beneficial but the pattern here is for the $60,000 home neighborhood to decay into the $10,000 home neighborhood and quickly. We just don't have any incentive to rebuild when it is cheaper to flee, go west to rezoned farm land and allow decay.
Is this really a problem though for anyone who isn't attached to their home or land?