60 minutes show on the crisis in america of boarded up homes ruining neighborhoods or is it an investors opportunity

[Jay Hinrichs]

What is your opinion are these large swaths of boarded up homes we see in the mid west upper rust belt ruining these cities or are they an investors dream opportunity to get into the RE game for ridiculously low price points Vis a Vi the historical norm..

Say a 1k house in Detroit that sold 10 years ago for over 100k.. Or  a home in much of Ohio or northern Indiana that sold for 80k ten years ago and can be picked up for 10 to 30k today and many of these areas are not war zones...

what is the answer to these perplexing problems.  Should the government who spends billions protecting endangered salamanders and or spend Billions on Super fund sights.. Would not these urban blights be considered a Super fund site.. ON top of the obvious. there is the social criminal aspect and all the money we spend trying to protect the citizens of these areas.. As opposed to spending millions on little endangered bugs etc. 

Any one have a thought on what should be done with these properties. Should the feds step in and start bulldozing them.. thereby creating jobs and Open spaces that could grow gardens and other productive type of uses.. Instead of foster crack houses and other assorted crimes...