I think because the taxes are so cheap here compared to NYS it hampers dumping them.   

Sidebar - I buy cash and like to buy cheap properties in blue collar areas. 

Might go that route otherwise Cleveland appears to have a ton of cheap property.

Starting investors with low capital are often attracted to these high crime areas because of cheap prices.It's a way to get started for many.Those with lots of money already avoid the headache for the perceived extra yield etc.So it's likely to find buyers for any type of real estate asset bad area or not if the price is cheap enough.

Folks tend to keep those cards and respond to the message.MikePS The "Free" vistaprint cards have their logo on the back and mean CHEAP MOFO to anyone looking at them.

The equipment can be bought cheap so then all you have is the location for value.No legal advice given.      

Chicago is basically the perfect mix for this type of study because it's highly desirable areas, densely populated and reasonably affordable (although definitely not cheap).For instance, I would expect New York to be #1 in millennial renters, but prices are just too high for millenials to buy. 

Don't use cheap paint.Fix a leaky toilet IMMEDIATELY.

So I shared with many why what they stated made sense. ie why would a bank wholesale a boat load of property on the cheap.

Institutional investors attached to Broker/Dealers are using securities to finance these loans pools, the capital they raise is very cheap by doing so and the more of them who get sales traction on those bonds, the more prices are driven up.