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Take a gamble: buy a house
SD 9th riskiest housing market
Zillow.com and Bloomberg.com have combined forces to figure out which American housing markets have been the riskiest over the past 35 years. Here's the methodology: assuming buyers held their homes for five years before selling, what was their chance of suffering a loss?
San Diego came in ninth among major metro areas, with a 27.4 percent risk of a loss at some point over the 35-year period. San Diego's worst year was minus 18.7 percent from January to December of 2008. The best was a gain of 30 percent from October of 2003 to September of 2004.
The riskiest market was Hartford, Connecticut, with a 36.8 percent risk of loss.
Bloomberg and Zillow also listed the markets with the least risk of loss — the stablest markets. The winner was deeply depressed and snow-plagued Buffalo, New York, with zero percent risk of loss over the 35-year period.
Here's something you might be interested in.
Take a gamble: buy a house
SD 9th riskiest housing market
Take a gamble: buy a house
SD 9th riskiest housing market
Zillow.com and Bloomberg.com have combined forces to figure out which American housing markets have been the riskiest over the past 35 years. Here's the methodology: assuming buyers held their homes for five years before selling, what was their chance of suffering a loss?
San Diego came in ninth among major metro areas, with a 27.4 percent risk of a loss at some point over the 35-year period. San Diego's worst year was minus 18.7 percent from January to December of 2008. The best was a gain of 30 percent from October of 2003 to September of 2004.
The riskiest market was Hartford, Connecticut, with a 36.8 percent risk of loss.
Bloomberg and Zillow also listed the markets with the least risk of loss — the stablest markets. The winner was deeply depressed and snow-plagued Buffalo, New York, with zero percent risk of loss over the 35-year period.
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