Housing speculation driven by Hedge fund capital and news of the Micron plant is going to end up gutting the city of population before the plant is ever built. Decades of a Republican dominated slum-lord friendly county legislature means thousands of homes in the city of Syracuse were rented out for years without any maintenance being done, and now many of those homes are uninhabitable due to black mold and water damage. New construction is no help as new apartments that are going up all start at around $1550 per month rent and that's no help at all for someone who makes the area median income of $34,000 per year. New Home construction is basically limited to a handful of home builders who refuse to build anything smaller than 1800 square feet and with a purchase price of at least $400,000. Hedge fund buyers are sitting on multi-million dollar portfolios of homes all over the city and asking $2000 per month rent for homes that were purchased from the Syracuse land bank a few years ago for that same amount.

Eventually people will just leave in hopes of finding a more affordable place to live.