Investopedia

Continue to Site »

Slumburbs

Filed Under » , , , ,
Dictionary Says

Definition of 'Slumburbs'

A slang term for the suburbs of once large and prosperous cities that have become less desirable due to an economic downturn. Slumburbs refer to the neighborhoods and small towns that cannot consistently attract highly educated and entrepreneurial people. As a result, business in these previously hopeful communities diminishes leading to such negative outcomes as unemployment and crime. Slumburbs can also refer to areas in otherwise wealthy cities that experience similar problems.
Investopedia Says

Investopedia explains 'Slumburbs'

In contrast to the poor neighborhoods found in California and New York, which are often referred to as "ghettos", slumburbs have regular real estate developments and required amenities such as parks and schools. At one point, these areas were prosperous and saw increased real estate deveolpment, but became too expensive for the potential or current owners. Due to a high level of foreclosure in such areas, families move away, leaving vacant homes that fall into disrepair. These types of communities usually arise during tough economic times.

Articles Of Interest

  1.

    Can Real Estate Stabilize Your Portfolio?

    History suggests that real estate can provide diversification and a hedge against inflation.

  2. Top 10 Features Of A Profitable Rental Property

    Find out what factors you should weigh when searching for income-producing real estate.

  3. Uncover The Next Real Estate Hot Spot

    Real estate land speculation is a way to get in on a hot investment before a boom hits.

  4. Top 5 Must-Haves For Flipping Houses

    Not everyone can make money in this field. Find out what you need before you buy in.

  5. 5 Tips For Recession House Hunters

    Follow these five tips to get a leg up on rival bargain hunters.

  6. 5 Things Every Real Estate Pro Knows

    Find out how to stop chasing the market and start leading it.

  7. Why The Consumer Price Index Is Controversial

    Find out why economists are torn about how to calculate inflation.

  8. Lessons Learned From the Banking Crisis

    There are lessons to be learned on how to handle severe financial downturns, and while the Fed is learning, politicians may not be.

  9. How To Adjust Your Portfolio In A Bear Or Bull Market

    While investors shouldn’t feel compelled to change their portfolios radically overnight in reaction to the market's daily moves, small adjustments in the face of a bull or bear market could be ...

  10. Other Options For The Cyprus Bailout

    Find out the other options Cyprus could use to resolve it's financial troubles, since its proposal to tax bank deposits didn't work out.
comments powered by Disqus
Marketplace
Hot Definitions

  1. Happiness Economics

    The formal academic study of the relationship between individual satisfaction and economic issues, such as employment and wealth.

  2. Affluenza

    A social condition arising from the desire to be more wealthy, successful or to "keep up with the Joneses." Affluenza is symptomatic of a culture that holds up financial success as one of the highest achievements.

  3. Icarus Factor

    The term Icarus factor describes a situation where managers or executives initiate an overly ambitious project which then fails. Fueled by excitement for the project, the executives are unable to reign in their misguided enthusiasm before it is too late to avoid the failure.

  4. Angelina Jolie Stock Index

    An index made up of a selection of stocks from companies associated with actress Angela Jolie.

  5. Consequential Loss

    The amount of loss incurred as a result of being unable to use business property or equipment.

  6. Lease To Own

    An arrangement where an individual enters into a lease agreement with an owner with the inclusion of a clause that typically gives the individual the right, but not the obligation, to purchase the item leased at a predefined price and time.
Trading Center