We are but we love living where we are.
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I’m not selling, because I’m not done living yet.
Trivia bit, according to the Census Bureau, the population in the city of Detroit has increased over the last couple years. Not a big increase, only a few thousand, but that is the first increase Detroit has seen in 57 years.
Steve
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Sounds like Detroit is making progress developing its green spaces (having razed abandoned houses).
My place is worth well over 10 times the $50K I paid for it in 1978 after commandeering my school money. If I sold and bought elsewhere, I’d be stuck with hefty capital gains tax and the property tax would be onerous.
couldn’t access article. The big problem with selling is you have to live somewhere, so if you buy another house, will just pay the inflated price for the new home. I’m not implying that anyone on this board is crowing about their gains on their house, but I cringe a little when I hear people I know excitedly talk about it. It is just increased carry-costs, ( prop-tax,insurance,maintenance,…) if you want to stay in the same area, no real benefit. Can move to a lower cost area, but there is probably a good reason it’s a lower cost area, not too many hidden gems out there.
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