Tearing down abandoned homes has proven benefits, such as reducing crime and toxic materials, but it doesn’t pay for itself.
A study that two of us published in 2017 answered this question in the affirmative: Tearing down an abandoned building in Detroit does increase the value of nearby properties by a small amount ...
(The Conversation is an independent and nonprofit source of news, analysis and commentary from academic experts.) It was one of the fastest-growing cities in the nation between 1900 and 1950.
Shuttered and repossessed homes line the streets of a middle-class neighborhood on the East side of Detroit. Charles Ommanney via Getty Images Rehabilitating abandoned and neglected properties is ...