Thursday, September 5, 2013

Housing Study Warns Against the Development of German Detroits - SPIEGEL ONLINE

Depopulation is a real trend and not just on this continent. Click title for link. Does this sound familiar?
Empty buildings reduce the chances that surrounding apartments can be rented and leads to vandalism and dilapidation. The researchers involved in the study cite the US city of Detroit as an example, where large swaths of the inner city have been abandoned. Costs rise too, in such a scenario, because providing trash pickup or sewage service to the entire city is being paid for by fewer residents.
I have always maintained that our biggest threat is the one outlined in the article - not one of  "over-development" as some people think Lake Worth is a victim. We are still adjusting to the loss of US-1 as a major tax generator.