To: HamiltonJay
I spoke to a woman the other night who was telling me that her home in Detroit hasn't been appreciating.
She bought her condo 11 years ago for $13,000 and they are now selling for $14,000. I can't even fathom a $14,000 condo.
I am 4 blocks away and my home value has quadrupled in 10 years. I just kept my mouth shut.
255 posted on
09/08/2003 9:46:39 AM PDT by
Hillary's Lovely Legs
(Kids are starving in China and you're walking around with a sombrero full of peanuts.)
To: Hillary's Lovely Legs
Well my only words of advice might be, generally places that don't appreciate and aren't nice areas today were bordering not nice areas 20 years ago.. so if you are less than 1 mile from a not nice area.... cash out and relocation may be something to consider... unless you are in the rare place where gentrification is occurring and improving the areas surrounding. :)
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