Would it be dumb to buy a house in an area that is dying?

Would it be dumb to buy a house in an area that is dying? Specifically, Saginaw, Michigan. Houses are going for under $100,000 because it seens nobody wants to live there. I'd look on the west side of the river where it's safer. I could pay cash for one. I'm on the other side of the state and I'm priced out. My issue is that if I wanted to sell it in the future, I don't think I'd get much equity from i...

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