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I'm familiar with Cleveland and Shaker Heights. Cleveland has been circling the drain for a few decades. One of the problems with Cleveland is that the City Of Cleveland schools are so bad that no one wants to live there. Everyone runs to the suburbs. Many of the manufacturing businesses left Cleveland for cheaper labor elsewhere, that happened to many cities.
Shaker Heights is almost all residential. There are some areas of affordable, average sized houses and then there are large neighborhoods of mansions. These are not the new McMansions with all the new toys. These are the older mansions with handcrafted details, tons of character. Shaker Heights has very high property taxes. It's expensive to live there. They support their schools completely. That's part of the property taxes.
I'm surprised to read about foreclosures in Shaker Heights but it seems to be a common problem in any zip code.
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