patrick.net
An Antidote to Corporate Media
1,260,104 comments by 15,050 users - Al_Sharpton_for_President, Onvacation, RandalRay online now
My house is worth more than at the peak of the bubble
invite response
2013 May 7, 1:57am 2,258 views 4 comments
Comments 1 - 4 of 4 Search these comments
20% appreciation for the next 30 years (over the lifetime of a mortgage)?
sounds about right.
AD
2013 May 7, 2:35am
20% appreciation for the next 30 years (over the lifetime of a mortgage)?
sounds about right.
LOL Hysteresis. From what I've read that even with the volatility that home prices have gone up 5 to 7% a year. Is the 2% assumption considered the adjusted or return that factors out inflation ?
bmwman91
2013 May 7, 7:05am
20% appreciation for the next 30 years (over the lifetime of a mortgage)?
sounds about right.
RE only goes up Up UP! I think that basing all future financial decisions on 20% annual appreciation is almost too conservative. Leaving money on the table. Make it 30%!
Dan8267
2013 May 7, 9:49am
With those rent vs. buy calculators from a few years back I guess we should've been using 20% appreciation instead of 2%. but who knew?
Feel free to buy based on that assumption. Buy lots and lots of shacks. Just don't come crying if you're the one holding the bad when the whole Ponzi scheme collapses.
With those rent vs. buy calculators from a few years back I guess we should've been using 20% appreciation instead of 2%. but who knew?
#bubbles