The price can even go lower than the cost to remediate the property for residency. This is a bit of a tail risk. This has never happened to most U.S. neighborho

The price can even go lower than the cost to remediate the property for residency. This is a bit of a tail risk. This has never happened to most U.S. neighborhoods, but the risk is not zero. Getting loans to build on these lots is nearly impossible, which contributes to their continued decline.