midway on Nostr: That depends entirely on where you live. In most places, probably not. In some, yes. ...

That depends entirely on where you live. In most places, probably not. In some, yes. In the town where I was born, that is absolutely true. Where I live now, it isn’t. That’s one of the many reasons I don’t live there and haven’t for decades now.

The problem comes when there’s a big economic crash with high unemployment and a stock market crash. People need cash so they go to sell their house. But there aren’t buyers out there because of the crash. So the value of your asset goes down right when you need it the most. If you can afford to wait it out you will be ok. If you can’t, you’re sunk. The bank comes calling and people just walk away because they can’t afford to sell it.

It’s not all the time but properry is a market and is still dependent on buyers and sellers. Everything Is great…until it isn’t.