Core Insights - The article discusses the potential decline in property values within certain residential communities due to various factors affecting their desirability and livability [1][3]. Group 1: Types of Declining Communities - Communities with aging infrastructure and lack of maintenance are at risk, as deteriorating conditions lead to high repair costs and safety hazards [5][6]. - Areas surrounded by pollution sources, such as factories and waste treatment facilities, face declining air quality and noise pollution, making them less attractive to residents [8]. - Communities with poor transportation access and no potential for improvement will struggle to retain residents, as commuting becomes increasingly difficult [10]. - Poor property management results in unsatisfactory living conditions, which can drive residents away and decrease property values [12]. - Overcrowded communities with high tenant turnover and inadequate resources can lead to conflicts among residents and a decline in overall living quality [14]. Group 2: Implications for Investors and Homebuyers - Investors and homeowners should be vigilant about the conditions of their communities, conducting risk assessments to determine if asset reallocation is necessary to avoid significant depreciation [16]. - Homebuyers are advised to carefully select communities, avoiding those with potential safety hazards to ensure quality of living and property value retention [16].