Real Estate

Rebuilding Confidence and Value: An Economic Analysis of the Reuse of Abandoned Houses

When you see an abandoned old house, you may only think of it being dilapidated, dangerous and useless. But in the United States, more and more cities are using these “unwanted houses” to leverage new economic growth points. From transforming into community farms, to turning into youth entrepreneurship spaces, to developing affordable housing, these seemingly abandoned assets are becoming “secret weapons” to revitalize communities, stimulate consumption and create jobs. This is not only a clever idea for urban renewal, but also a deep experiment on resource redistribution and economic vitality. How did the United States do it? Their experience may bring some unexpected inspiration to other countries and regions.