But when your next door neighbors are Palos Verdes and the now-trendy Long Beach, appreciation seems inevitable.

The wood grained tile is very trendy right now.  

Loreal spends her free time cheering for the Bulls at the United Center, trying out trendy, new restaurants or checking out neighborhood festivals.

I was sure to dress in suits and no trendy hair or piercings.

When you consider a long term trend, it's absolutely reasonable to expect that trend to continue if the underlying fundamental basis for the trend is sustainable.

@Darren LiedtkeThere has been significant appreciation in the suburbs such as Brown Deer, Menominee Falls, etc.I own one in Brown Deer that appraised for +$10k more than last spring.I also own one in 53222 and have had 0% appreciation.Unless your in Bayview or another trendy neighborhood in Milwaukee it's basically 0% appreciation.

This trend is very different than in the past where  unqualified people were handed mortgages with no down payment.

I even know people who get trickles of water that come in through the clay blocks and then down the drain.I even know people that get a couple inches of water in their basements at least once every couple years, and its almost like they just treat it as a normal routine of clean up and then end up filling the space back up with furniture as though it'll never happen again .But i think the trend is startinv to change alot and basements are starting to become a more used space for beyond just storing stuff.  

By updating, I mean simple things like trendy paint colors (pale grays, browns, etc...), painting over interior exposed brick around the fireplaces, neutral colored carpeting instead of the stained pastel blue carpeting, painting honey brown cabinetry white, replacing beat up brass light fixtures with inexpensive nickle or chrome fixtures, etc...

If they are ok just dated that is different but if they have cracked tile , or vivid and trendy 1960s look update them.