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Ferguson home values are plummeting, and residents are feeling the pain
http://fusion.net ^ | 3/16/15 | Daniel Rivero

Posted on 03/16/2015 11:36:03 AM PDT by BBell

FERGUSON, Mo. — Peering outside the office window of his tire shop, John Zisser grumbles about the pile of burnt rubble that lies on the opposite corner of a busy intersection.

“If you come here to my shop and you see that,” he says, as gestures out the window, “is that going to give you a warm, fuzzy feeling like you want to come back here to do business?”

“Short answer: no, no it’s not,” he says.

Zisser, 55, has owned and operated Zisser’s Tires in this city since 1987. He says the still-visible damage from the November protests that followed a grand jury’s decision not to indict Ferguson officer Darren Wilson for the shooting death of teenager Michael Brown is hurting property owners. His store’s insurance is in the process of being cancelled after it was twice vandalized during the unrest, he says.

“If I sold this place today, I could probably get $300,000 for it, if anyone is crazy enough to buy. Last year, the county said this lot was worth almost a million,” he says. “The value here is all going down. There’s about nine burnt-out buildings this way,” he says, pointing. “And about four more behind me.”

(Excerpt) Read more at fusion.net ...


TOPICS: Society
KEYWORDS: blacklivesmatter; ferguson; homevalues; jaynixon; michaelbrown; missouri
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1 posted on 03/16/2015 11:36:03 AM PDT by BBell
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To: BBell

Clearly caused by white racism.

It’s Bush’s fault.


2 posted on 03/16/2015 11:39:38 AM PDT by Bubba_Leroy (The Obamanation Continues)
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To: BBell
Detroit redux.

And they will never learn.

3 posted on 03/16/2015 11:39:48 AM PDT by South40 (Hillary Clinton was a "great secretary of state". - Texas Governor Rick Perry)
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To: South40

Not only will they never learn, they will blame it on whitey.


4 posted on 03/16/2015 11:42:15 AM PDT by Bitsy
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To: South40

And lower property values means lower revenue for the city; hence, a continuous downward spiral.


5 posted on 03/16/2015 11:42:33 AM PDT by CondorFlight (I)
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To: BBell

One Detroit at a time, please.


6 posted on 03/16/2015 11:45:38 AM PDT by headstamp 2
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To: BBell

Twice since last summer Mr. Mercat and I have returned from trips where the logically route is through St. Louis and west on I-70. We’ve gone out of our way both times to avoid it so my guess is that this is impacting not only Ferguson but the entire region.


7 posted on 03/16/2015 11:46:25 AM PDT by Mercat (forgive all your DeeDees)
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To: Bubba_Leroy

You know it’s funny you mention Bush because around the time those riots were happening I saw a thread on Huffington actually blaming Bush! LOL! In their warped minds this “all went back to Katrina and blacks never got over how Bush stabbed them in the back!” Yo! It’s BUSHs fault! LOL! 100 years from now liberals will still be blaming Bush! IT NEVER ENDS AAAAH!


8 posted on 03/16/2015 11:48:06 AM PDT by GrandJediMasterYoda (She comes out of the sun in a silk dress running like a watercolor in the rain)
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To: BBell

Just raise taxes.


9 posted on 03/16/2015 11:48:51 AM PDT by Veggie Todd (The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants. TJ)
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To: BBell

What an opportunity, I’ve been itching to go house hunting there.


10 posted on 03/16/2015 11:49:04 AM PDT by Attention Surplus Disorder (At no time was the Obama administration aware of what the Obama administration was doing)
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To: CondorFlight
Beauty is in the eye of the beholder.


11 posted on 03/16/2015 11:49:55 AM PDT by South40 (Hillary Clinton was a "great secretary of state". - Texas Governor Rick Perry)
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To: BBell

I’m hoping for a klan ralley there


12 posted on 03/16/2015 11:50:22 AM PDT by Joe Boucher ( Obammy is a lie)
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To: BBell

What a silly White Cracker.

Why, he should cash in on his exclusive white privilege.

Problem solved.

/sarc


13 posted on 03/16/2015 11:50:27 AM PDT by Responsibility2nd (With Great Freedom comes Great Responsibility.)
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To: BBell

Maybe Obama can rebuild Ferguson in his own image , Golf Courses


14 posted on 03/16/2015 11:50:40 AM PDT by molson209 (Blank)
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To: BBell

Those evil white people just want to turn Ferguson into a food desert.


15 posted on 03/16/2015 11:53:30 AM PDT by E. Pluribus Unum (If obama speaks and there is no one there to hear it, is it still a lie?)
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To: BBell

So Ferguson has signed on the the standard economic plan.

Democrats are like my ex-wife: they make an complete wreck out of everything they touch.


16 posted on 03/16/2015 11:54:04 AM PDT by RatRipper (Obama has made me the slave of sluggards.)
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To: BBell

With as many “minorities” there, seems most of Fergie is just Section 8 housing anyway.


17 posted on 03/16/2015 11:56:09 AM PDT by CodeToad (Islam should be outlawed and treated as a criminal enterprise!)
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To: BBell

The “Riot Corridors” in DC, created by the 1968 MLK Jr riots, have only started coming back in the last 10 years or so. And thats because gentrification (which is despised) is pushing into them.

Looking at a map, Ferguson is eff’d. Royally. There’s simply no chance of new growth from other bordering areas pushing into and through it, and thanks to the rep there’s not much of a chance of it being rebuilt from the middle outward.


18 posted on 03/16/2015 11:57:16 AM PDT by tanknetter
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To: South40

Ask ‘em. It’s YT’s fault.


19 posted on 03/16/2015 11:58:38 AM PDT by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
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To: BBell
The North Side of St Louis is moving north.

If I lived near there, I'd be leaving the county and looking at Lincoln or Warren Counties.

20 posted on 03/16/2015 12:00:16 PM PDT by Darren McCarty (Mike Pence in 2016)
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