/biz/ - Business & Finance

>>12380539
>i thought gentrification means all the whites move in, which is going to make prices go UP?
ok, whatever the word for "the local methadone clinic moved in" or "((ethnic minority)) floods the area
whatever the word is for when property prices in the entire neighborhood falls

>where i live i can get a 3 bed safe house for 150k easily, but i am a bit concenred about being stuck with a mortgage/trying to rent it out if i move out of the area
yes, it can be a huge drain, unless you will be happy staying put for 30 years or more

>it sucks dumping rent somewhere where i dont get any of the money back in the form of equity, but money liquidity and adapability to moving/life DOES have significant value, which is indeed why i havent bought yet
renting can be a money saver compared to buying, but it all depends on the market conditions, and local area
rent can be cheaper than property tax + missed opportunities though

>also i live in fucking Missouri so i'd really like to move elsewhere anyways
nice, i have family from Tarkio! (and some in Rockport too i think)
my grandpa was from there (he moved away after WWII ended)

but also, i know how boring it can be out there (from visiting a few times)