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> this is very good for retirement. i can buy a house in detroit for $400 and pay no rent . is it a good retirement?
by dominotw 8y ago
> this is very good for retirement.
i can buy a house in detroit for $400 and pay no rent . is it a good retirement?
- imtringued 8y agoIt's a house and you can live in it. You're isolated from the job market because you receive a pension. It's definitively a good investment assuming you bought it in a good condition back when its price was $200000.
- bluGill 8y agoDepends, do you like the neighborhood in Detroit? This is a personal question, don't let anyone else's hate of Detroit tell you different.
- dominotw 8y agoexactly. It depends on whether you like it or not. having a house is not a good investment by default.