M Holmes wrote:
> In uk.finance Tim wrote:
>>
>> Cars halve in value over a period of a few years; over what
>> sort of time period would you expect a house to halve in value?
>
> It depends on how well it's looked after I guess. I'd imagine that after
> a few years of neglect, houses could halve in value quite quickly.
>
> It might also depend where it is. It seems that in Cleveland
I take it you mean Ohio, not Teesside.
> and
> Chicago, many foreclosed houses are more than halving in value within a
> week after the occupants depart. Apparently you could have a
> four-bedroom house in Chicago for four thousand Pounds if you
> didn't mind too much who your neighbours were.
I imagine the recurrent cost of keeping a private militia to
guard it would make the proposition untenable.
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