Upside Down in Pontiac: How Investors Walk Away from Disaster

Metro Times | September 15, 2009
Many Pontiac houses sit and continue to decline in value, blight the community, attract nuisances, cost lenders and the city money in maintenance, and pull down the values of nearby properties. Some have resold for a fraction of their taxable values, further driving down home prices around them. Others will sit vacant for years.

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