Ferguson home values are plummeting, and residents are feeling the pain

FERGUSON, MO - MARCH 13:  A fence surrounds the burned rubble of a strip mall on March 13, 2015 in Ferguson, Missouri. The mall was looted and set on fire in November when rioting broke out after residents learned that the police officer responsible for the killing of Michael Brown would not be charged with any crime. Few of the businesses destroyed in the rioting in Ferguson and nearby Dellwood have reopened. Two police officers were shot Wednesday while standing outside the Ferguson police station observing a protest. Ferguson has faced many violent protests since the August death of Michael Brown.  (Photo by Scott Olson/Getty Images)

FERGUSON, MO – MARCH 13: A fence surrounds the burned rubble of a strip mall on March 13, 2015 in Ferguson, Missouri. The mall was looted and set on fire in November when rioting broke out after residents learned that the police officer responsible for the killing of Michael Brown would not be charged with any crime. Few of the businesses destroyed in the rioting in Ferguson and nearby Dellwood have reopened. Two police officers were shot Wednesday while standing outside the Ferguson police station observing a protest. Ferguson has faced many violent protests since the August death of Michael Brown. (Photo by Scott Olson/Getty Images)

Fusion

FERGUSON, Mo. — Peering outside the office window of his tire shop, John Zisser grumbles about the pile of burnt rubble that lies on the opposite corner of a busy intersection.

“If you come here to my shop and you see that,” he says, as gestures out the window, “is that going to give you a warm, fuzzy feeling like you want to come back here to do business?”

“Short answer: no, no it’s not,” he says.

Zisser, 55, has owned and operated Zisser’s Tires in this city since 1987. He says the still-visible damage from the November protests that followed a grand jury’s decision not to indict Ferguson officer Darren Wilson for the shooting death of teenager Michael Brown is hurting property owners. His store’s insurance is in the process of being cancelled after it was twice vandalized during the unrest, he says.

“If I sold this place today, I could…

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