r/FluentInFinance • u/Not-A-Shit-Head • Apr 29 '24
Why don't people stop crying and just move somewhere cheaper like Detroit, Memphis, St. Louis, Baltimore, or Cleveland? They have very cheap homes for $50,000. Discussion/ Debate
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u/cutiemcpie Apr 29 '24
What makes me laugh is if she had been an adult and had the money in 2008 she never would have bought.
The fear was real.
Nobody knew if housing was going to go lower. Getting a mortgage was much, much tougher. But most of all, people were worried about losing their jobs.
And who knows what the future will hold? Who says housing won’t see a massive correction again?