2 ms·
When my country faced crippling recession, I remember someone mentioning that even bankrupt countries don't go anywhere - it's not as if someone will take the c
by probably_wrong 8y ago
When my country faced crippling recession, I remember someone mentioning that even bankrupt countries don't go anywhere - it's not as if someone will take the country and annex it. A failed country just lingers around until things eventually get better.
For that same reason, I've always regretted not having money to buy real state in Detroit. No matter how bad things are, a city this big is bound to rebound sooner or later. I wonder how long it will take before "Detroit gentrification" becomes a thing.
- lotsofpulp 8y agoNot necessarily on a timescale that can benefit you. Population decline, crappy weather, pollution, water supply, politics, war, so many things can influence the value of land. There's a reason no one is clamoring to buy land in Somalia.