Could you imagine having your wife and children stepping over the homeless drug addicted, mentally ill camping on your front lawn every morning going to school and work?
There is little incentive for people to buy homes anymore; the new income tax plan really drove a stake through the heart of what was already a problematic area. People often bought homes when they had families, a reasonable expectation that they’d be within commuting distance of decent jobs, and tax benefits to doing so; that is all off the table now. Few people have children, jobs move about much more easily than in the past with less geographical considerations necessary, and there is no longer a tax incentive to do so.