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Investments glossary

Ghetto

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Quotes of the day:

Everyone got caught up in the debate of deflation, Greece and the Ukraine crisis and so expectations were quite low, it now seems the deflation story is a positive one for the euro zone since cheaper oil means consumers spend less on energy and have more money in their purse.

— Christian Schulz

A ghetto is an urban area with low property values and little public or private investment. Ghettos may be characterized by high unemployment, high rates of crime, inadequate municipal services, and high drop-out rates from schools. Real estate values in ghetto communities are generally much lower than in other parts of the same city. Ghettos may be severely underpopulated with many abandoned homes, or they may be densely populated with large families living in small spaces.



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