A lot of the points above you all have posted are accurate but the underlying issue still remains the same, people drive to the sales office on beat up roads looking at sidewalks full of grass and with blown out concrete, homeless everywhere, and empty lots left and right.
Very few people have interest in buying something in that environment. Some are on the fence and choose it because it's a "good" deal and regret it later. A few people are happy living there. A few other places are rentals. They've been exploring AirBnB options lately, the building is not penciling out.
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Mr. K the monopoly man
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