SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Residential Real Estate Crash Index
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: CalculatedRisk who wrote (60173)8/18/2006 11:04:34 AM
From: Ramsey SuRead Replies (3) of 306849
 
in the long run, it is actually very expensive to live in areas with no appreciation.

e.g. say you graduated from U of Michigan 30 years ago and:

1. you decided to stay in Michigan and bought a house for $10k.
2. you decided to move to San Diego and bought a house $20k.

now you are ready to retire. The house in Michigan appreciated from $10k to $400k. The house in San Diego appreciated from $20k to over $1m. Whatever you saved in housing expenses can no way match the opportunity cost in the mean time.

The dumbest move is for people who already have a house in prime areas and decided to move to non-prime locations because it is "cheaper". They will never be able to move back.

Having said that, I am very glad that people live in the midwest. We are already too crowded here. <gggggg>
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News