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by dominotw 2603 days 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.
1 comments
asaph 2603 days ago
Not so fast! Even Detroit is recovering.

https://www.trulia.com/real_estate/Detroit-Michigan/market-t...

Perhaps patience will be rewarded in Detroit too.

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dominotw 2603 days ago
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.

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