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>you can ride out housing market downturns until home values recover not if you owned a house in detroit or any number of downturn cities.
by dominotw 8y ago
>you can ride out housing market downturns until home values recover
not if you owned a house in detroit or any number of downturn cities.
- asaph 8y agoNot so fast! Even Detroit is recovering. https://www.trulia.com/real_estate/Detroit-Michigan/market-trends/ https://www.trulia.com/real_estate/Detroit-Michigan/market-t... Perhaps patience will be rewarded in Detroit too.
- dominotw 8y agohttps://en.wikipedia.org/wiki/Sunk_cost https://en.wikipedia.org/wiki/Sunk_cost why do they have to hold on to some hope of price incrase just because they bought a house. Instead of having the freedom to choose the best investment like everyone else. Sure hold on to it if you really think its the best investment for your money( i really doubt detroit house is best you can do with your money), not because of some sentimental value.