Dozens of cities throughout the Midwest are awash in an excess supply of housing.
Indeed, it is hard to find an older city from western New York to Iowa that does not have several neighborhoods of hastily constructed homes built shortly after World War II that now are derelict.
Muncie, Gary, South Bend, Terre Haute and a dozen more Hoosier cities bear this burden. In each city, as many as one in seven homes is abandoned. In many neighborhoods, several times that number of homes will become vacant or fall into decrepitude during the next generation.
It is, quite honestly, a large-scale collapse seen before only in some Western ghost towns and mining villages in Appalachia. What, then, can we do?
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