There is an assumption too for the long term that you will pick the right market and time it right. Things looked amazing in Buffalo, Cleveland and Detroit for

There is an assumption too for the long term that you will pick the right market and time it right. Things looked amazing in Buffalo, Cleveland and Detroit for places to invest if you bought in the 50s. Same with New York City. If you had to unload your property in the late 70s, it didnt seem like a great investment. If you could buy and hold in the 70s, and unload 2006, looks good :)