How Crime Lowers Property Value
The insurance travails of one homeowners' association shed light on a city-wide problem.
A few days ago, a friend in the real estate business shared an insurance nightmare with me.
An insurer canceled renewal of a policy for a homeowners association at a townhome condo community in the Briarcliff-North Decatur area, citing the increase in crime. “The reason for nonrenewal is: the property is located in an area which has an ISO crime index sc…
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