An average growth rate of 6% is pretty crazy when you consider the fact that that’s a leveraged investment where many people put down 10-20%. So 5-10x leverage. Hard to beat that in the market.
More than 1000% growth in just my adult lifetime. Thinking I should have bought more land. Ah well…la di dah…
But…it’s not like the same houses are sold every year.
Take the 2008 recession, for example. The data’s skewed by the large number of relatively less expensive houses that went into foreclosure during that timeframe.
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An average growth rate of 6% is pretty crazy when you consider the fact that that’s a leveraged investment where many people put down 10-20%. So 5-10x leverage. Hard to beat that in the market.
More than 1000% growth in just my adult lifetime. Thinking I should have bought more land. Ah well…la di dah…
But…it’s not like the same houses are sold every year.
Take the 2008 recession, for example. The data’s skewed by the large number of relatively less expensive houses that went into foreclosure during that timeframe.
Is this inflation adjusted?