3 ms·
> rarely > outside of a total bubble deflation. Detroit is rare, and Detroit's bubble popped hard at the same time as real-estate in general.
by Rule35 6y ago
> rarely
> outside of a total bubble deflation.
Detroit is rare, and Detroit's bubble popped hard at the same time as real-estate in general.
- anm89 6y agoMy city Pittsburgh would also like to have a word with you. It's doing well now after a 40 year downturn. Long enough to ruin many peoples lives permanently where they couldn't outlast the cycle. There are A LOT of places in the US where real estate has not been a panacea of wealth accumulation.