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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: David Jones who wrote (5760)10/1/2002 6:09:07 PM
From: Jim McMannisRead Replies (1) | Respond to of 306849
 
RE:"Sense 1990 I have tripled my net wealth all on what you call a lousy 4.78 compound increase. I call the reality."

How'd you do that? The rule of 72 says your money will double every 15 years at 4.78% interest.
72/4.78= 15

Compound will get you a little less time for the double.



To: David Jones who wrote (5760)10/1/2002 10:47:21 PM
From: Wyätt GwyönRead Replies (1) | Respond to of 306849
 
Sense 1990 I have tripled my net wealth

i wouldn't consider home equity part of net worth. net worth is typically figured as worth excluding home value and subtracting any mortgages and other consumer debt. unless you sell and move to a cheaper house, having home value go up only means taxes will be higher.


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