Anthony Randazzo on Chicago's Attempt to Preserve Property Values


If you live in Detroit, Chicago, Las Vegas, or Phoenix, you've seen an abandoned home or six in your neighborhood. In countless other cities across the country, empty homes are a visual symbol of the nation's economic malaise. Research by the American Financial Services Association has found over 460 city ordinances around the country trying to address the abandoned property issue, writes Anthony Randazzo, though few are as harsh as a Chicago ordinance first passed last summer.