That's the case in most delta towns. The ghettos end up culturally bankrupt while the economy leaves them behind.
I work in Memphis and lived in town for a while. Parts of town will seriously start to resemble Detroit within 30 years. I'm not sure I'd buy anything in town that was not between Poplar and Walnut Grove.
The Hickory Hill section is shocking. That part of town was pretty desirable as late as the 1990s. It went from an "okay" area to complete crap within 15 years.
The Mall of Memphis is another interesting story....the whole thing lasted 22 years before crime was so bad that the whole mall had to be shut down. Think about that. 22 years from grand opening to demolition.
The whole Cordova section of town may be next. They were recently annexed and the housing stock contains both single family as well as an abundance of multi family rental housing (much of which is subsidized). The main thoroughfare is developed much the way Florida Blvd or Siegen Lane in Baton Rouge was with way more retail that the surrounding neighborhood can support without being a regional draw. There is nothing appealing there other than the availability of cheap, relatively new, large homes.
This post was edited on 12/31 at 4:39 pm