As in, how do houses and corporate buildings become abandoned? Were certain buildings never listed for sale? Or were they, but just never sold? How does something as big as an entire mall become abandoned?
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A common reason for houses is when someone dies and the property is left to someone in their family, who already has a house or lives far enough away that they can’t live there. If the house is paid off, then the only real payment is for the property tax, which isn’t necessarily much. They might have grand plans to rent the property out or even sell it, but they find out it’s a bit more work than they’re capable of doing and the just “never get around to it.” Or their lives are just too busy to deal with it. Or it’s just going to cost way too much to clean up and repair the house, so nobody will buy it and they can’t do anything with it and don’t have the money to fix or demo the house.
For commercial buildings, it’s generally because nobody wants to buy it or lease it. That can be for any number of reasons. It might simply cost too much to make it a viable purchase after they do all the work necessary to clean it up and/or remodel it. Or it’s just not in an area that anybody wants their business to be located. And whoever owns it isn’t going to pay the huge cost to demolish the building and clean up the site. So they just use it as a tax write-off.
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