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[refurb]

Real estate rarely goes down, outside of a total bubble deflation.

Detroit, Baltimore, Camden would like a word with you and your theory that housing never goes down.

[Rule35 → refurb]

> rarely

> outside of a total bubble deflation.

Detroit is rare, and Detroit's bubble popped hard at the same time as real-estate in general.

[anm89 → Rule35]

My city Pittsburgh would also like to have a word with you. It's doing well now after a 40 year downturn. Long enough to ruin many peoples lives permanently where they couldn't outlast the cycle.

There are A LOT of places in the US where real estate has not been a panacea of wealth accumulation.