America’s Shrinking Cities

Brent D. Ryan | Lorena Bello

Extract from "Perspecta 47: Money" at The MIT Press, 2014

America’s shrinking cities comprise some of the deepest trenches in this fiscal topography of financial disinvestment.

In places where deindustrialization has been draining a city for decades, like St. Louis and Camden, along with Detroit, house values are often so low that even those constructed directly before the recent real estate crisis are worth close to nothing.