No one wants to like in the bad districts, yes. But people will happily buy apartments in such places if they are significantly cheaper than the median (I mean

No one wants to like in the bad districts, yes. But people will happily buy apartments in such places if they are significantly cheaper than the median (I mean not like twice or thrice cheaper, but even 10-25% cheaper). Case in point - people often do check that narks don't shoot drugs in their potential new building, but still all apartments would be sold out eventually. People don't like living under airport glide path, but still all apartments and houses under it are sold like hot cakes. I had viewed a new low rise complex last year near city highway (unshielded), railway, metal recycling shop and a construction site, and only a big mall nearby as a benefit. It's almost fully sold out now. In my previous city some company had built a three building low economy complex right near the railway in the middle of the former warehouse district, with bysmal parking and connection options too, it's also sold out. tl;dr low housing price (in a region with jobs of course) beats ANY negative factor. At least until it's not literally slums, and possibly not even then.