Yes, the area could deteriorate, but so can those really high end areas.

Lead-based paint in good condition a nd probably covered by many layers of non-lead paint is only a hazard if disturbed or deteriorated. 

The city earlier actually sued banks because their negligent actions were causing homes and neighborhoods to deteriorate.

Business practices are adapted to the business environment you choose to operate in.A slumlord is a owner that chooses not to spend money on maintenance allowing a property to deteriorate and become unsafe.

I can't just sit around and deteriorate.

To everyone,I've had message board postings before from anonymous people that start as innocent inquiries that evolve to mostly competitors who love to jump on things to deteriorate companies.

If the Reps get in again we will likely see a further deterioration of the Dollar.

On the other hand, there is some real estate risk being assumed by the owner:  building deterioration, earthquake retrofit, key tenant bankruptcy or relocating, etc. 

I would argue that this tenant is causing damage by not allowing a deteriorated roof to be replaced.

The materials in the homes are not the same quality as stick built, so they deteriorate much quicker.