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Are you sure you can live in a house worth 0? - most places with low house prices also have no jobs, broken infrastructure (electric, water, roads, shops etc.)
by rythie 12y ago
Are you sure you can live in a house worth 0? - most places with low house prices also have no jobs, broken infrastructure (electric, water, roads, shops etc.) and high crime. For a house to drop to 0 the location would have to be really bad and you wouldn't and perhaps couldn't live there anymore.
- peteretep 12y agoNo idea why you're getting down-voted. The assumption that houses are some kind of special asset because they always give a dividend of "you're able to live there" ignores an almost infinite number of exceptions to that.