For most of us, the availability of employment and the magnitude of property taxes, together with restrictive ordinances are far more important in determining resale value of real estate than whether the house 2 doors up is a bit run down. Sadly, as employment opportunities have gone down, local government has refused to live within their means and what has happened is that property taxes have gone up (by increasing the millage annually). Jackson County MI used to have an "average" middle class neighborhood property tax of <$2500/yr in 2003 and that is now approaching $4000/yr while at the same time the median household income has dropped substantially. Enrollment in schools continues to decrease annually, resulting in diminished subsidies by state and Fed, yet teachers and superintendent expect pay raises annually. Locally, deputies and teachers are now the wealthiest people living in most suburbs.
This entire ordinance issue was born of the last big property bubble (in locations like mine) and all of the BS regulations which were passed (and are very selectively applied) have not been repealed since. Just about everyone is now upside down on their mortgage (if it is less than 10 years old), yet the ordinance that requires me to have a survey before I put up a fence (regardless of whether the surveyor stakes are known) remains in effect.
The system of government is just not configured to accept reductions in funding. Back when property taxes were $2500/home, the county actually maintained the roads and plowed in winter, yet now that they are $4000/yr there is hardly any road maintenance anymore and the county plow might come down our street 2 or 3 days after a snow storm, by which time we have taken care of the road ourselves or we could not go to work.
I can move to Colorado to one of the rural communities and graze a few head of cattle on my land and pay $250/yr in taxes and not have the county plow the road or maintain it. What do you suppose I am going to do to limit my fixed expenses in my retirement ? They have a limit to camping there too, but they allow 120 days/yr by default and full time camping is OK if you are engaged in the construction of your home on the property.