Tim Ferris wrote recently that his home on the West Side had appreciated about 2% per year over the 25 years he's been in it.
What about the other homes in Cleveland and East Cleveland and elsewhere in NEO where the owners have walked away because the value of their homes went NEGATIVE over the past few decades. Who has that money now? Where did the value go? Has it been stolen by our social and political process? Who are the people that don't have any home as a "nest egg?
Is there a common theme in who those people are? Who's getting the blue dot?
| Attachment | Size |
|---|---|
| Home demolition in Cleveland.jpg [1] | 142.32 KB |
