Scranton: Bankruptcy is the only option

The city of Scranton has a population that has decreased by fifty percent. Two-thirds of the remaining population live in poverty. The city is filled with boarded up businesses and blighted homes. A weekend in Scranton features empty streets, a lack of nightlife, and general malaise. Homelessness is rampant and signs of poverty are everywhere. One landlord told me his policy is to only rent to college students because Scranton is “just horrible”. Doing real estate in Scranton is jarring when you come face to face with the amount of poverty in this city. What Scranton used to be The…