>>512119547To be fair South Afrika is 90% black.
1. The wealthy leave for an upgrade. More middle income families move in
2. The neighborhood ages. Looks tired, houses not painted or lawns get a little rough as population ages.
3. Owners looking for upgrades to match salaries, move. Rent out the home for additional income. Renters are not vested in the neighborhood, shit slides, more decline.
4. Mixed neighborhoods of rental and those who canโt afford to escape and age in place. More decline
5. Beat up rental, invest in restoration or go section 8? More decline.
6. Low home values, bank foreclosure, slumlords buying up cheap property. Death of a neighborhood.