When many homeowners lose their homes, the effect on the community may be

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When many homeowners lose their homes, it can lead to lower property values as the abandoned and foreclosed homes may not be well-maintained. This can also attract criminal activity and contribute to more crime in the area. Additionally, the local government may have less revenue from property taxes and therefore have less ability to provide basic services such as public schools, road maintenance, and law enforcement. All of these factors together can have a significant negative impact on the community.

When Many Homeowners Lose Their Homes, the Effect on the Community