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So called Urban Blight" isn't anymore. Not always. Sometimes funky areas of the city are tomorrow's cool zone. Read stories about it:

http://www.mackinac.org/article.aspx?ID=5823

The article tells about men who buy antique bldgs in the warehouse district and gentrify the area, renting out the finished bldgs as chic lofts, bars, clubs.

They also buy old Victorian homes in decayed parts of town and turn them into dual function if they're on city streets, where you can LIVE but also SELL clothing, antiques or open a boutique or a Cute CAFE!. They use VINTAGE WOOD work pieces to gussy the place up.

One Texas firm sells these lace pieces VINTAGEWOODWORKS.COM