Hard to believe but true!
Because of the huge numbers of Covid 19 deaths in the City of New York, people are moving out. They wanted to escape the population density.
That is the sometimes fickle thing about real estate. The old saying about location, location, location is being proven again.
How about the lakefront homeowners living on a lake north of Midland, Michigan? A dam on the southern shore broke and emptied the lake. Lakefront owners no more.
Likewise, those with expensive homes on Lake Michigan have seen their homes decrease in value due to erosion.
Yet, the investment in a home is still one of best you can make. These examples I’ve given are rare exceptions, not the rule.
Most people worldwide will never be able to buy a home in their entire lifetime!
Be grateful!
If not today, when?
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