A major employer relocates, leaving many homes in an area vacant and unmaintained. this is an example of

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Scott

Business

12 April, 10:00

A major employer relocates, leaving many homes in an area vacant and unmaintained. this is an example of

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Derick Short · Answer 1

When a major employer relocates, leaving may homes in an area vacant and unmaintained, it is an example of Incurable economic obsolescence. This can drive real estate and property values in the area down as it offshifts the balance of supply and demand.