[cgbg]

Real estate is always local.

In many American cities the “ghetto” real estate has been stuck at ridiculously low prices for decades.

Other cities dependent on single industries can also have slumps of a decade or longer if the industry leaves the area and the population drops—upstate New York (Syracuse, Rochester, Buffalo) is an example of this.

[himno hero]

Add in Chicongo, Detroit, Baltimore and numerous others

Portland, San Fran, oakland

Hmmmmnp, dem cities

[Alberta's Child]

I’ll bet nobody has bought a home at a “hyper inflated price” in any of those markets since World War II.