If I had all the answers I'd be desperately trying to get them implemented.
I hear some places levy an extra tax on empty residences. This is a pretty good conservative approach that puts downward pressure on rents and provides some revenue that can be used to explore other solutions to these problems.
A more extreme approach would be to seize all the abandoned housing in a "bad" area and invest heavily on improving it and the area. Fix broken infrastructure and fund emergency services. Offer the housing for free, or low cost with favorable loans. Use tax incentives to entice businesses to move in so the residents have places to work and buy things. Etc...
Is any of this remotely realistic? Perhaps not, but it can't hurt to think about it.
I hear some places levy an extra tax on empty residences. This is a pretty good conservative approach that puts downward pressure on rents and provides some revenue that can be used to explore other solutions to these problems.
A more extreme approach would be to seize all the abandoned housing in a "bad" area and invest heavily on improving it and the area. Fix broken infrastructure and fund emergency services. Offer the housing for free, or low cost with favorable loans. Use tax incentives to entice businesses to move in so the residents have places to work and buy things. Etc...
Is any of this remotely realistic? Perhaps not, but it can't hurt to think about it.