So, things like this always interest me, maybe it's long term living in a similar city or just idealism. Anyways, I've always wondered when these places will ge

So, things like this always interest me, maybe it's long term living in a similar city or just idealism. Anyways, I've always wondered when these places will get so cheap, and so readily available that a single, long term interest, entity will buy a large portion of a major city. At some point, even with the tenants, tear downs, clean up, and taxes, land with that amount of infrastructure around it has to bottom out right? Back of the napkin stuff and some assumptions: 6000 parcels (so assuming separate pieces of land) average of .25 acres a piece (sourced from no where except where the dots lie on the maps in relation to sizes I'm used to seeing and accounting for some larger properties) Gives you 1500 acres, or ~2.3 sq miles. That's in a city that's total 138 sq miles. Again, assuming the article figures are accurate it will cost ~27M total to buy and deal with those 6,000 properties. So for 27M dollars you can own about 1.7% of the entirety of a major metropolitan city. That's 1500 acres. It's not the most desirable, it's surely a pain, you may be able to recoup some cost on some properties or by selling scraps, it may cost $50M in total, who knows. I just think it's interesting you can by one very large house on the coast, or 1500 acres in a still major, and formerly powerhouse, city.