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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: TobagoJack who wrote (457)8/28/2001 9:50:30 PM
From: JusterRead Replies (2) of 306849
 
Hi Jay,
I bought a new home in 1985 in San Diego for $150,000.
If you compound 5% annual appreciation after 16 years the
net worth would be about $325,000. My house is probably
worth $380,000 now. Not out of line at all especially
if you count the $75-$100 K in improvements I have put into
it over the years. My conclusion is that real estate just
keeps up with bond rates over time. Timing can give you
an abnormal return or loss only in the short run.
Of course none of this applies in remote areas.

Gee, this sounds just like the stock market.

Justerx
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