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Detroit - Usa Housing Market

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I can just recall reading a thread a month ago on the reasons why someone should not invest in detroit right now. Could someone please reiterate those points again for me? or does someone know why we shouldnt invest right now? thanks

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Despite never having risen much since 2000, like another Midwest City (Detroit),

Cleveland Real Estate values have fallen sharply in the last 7 months, and it looks like

they may wipe out ALL THE GAINS since 2000 before long

It is the same in Florida and soon will be the same in California.

To buy in California at the bottom will be a much better deal than to buy in cities nobody wants to live in like Detroit.

Edited by catara

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  • 295 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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