From 1900 until 2012 home prices rose on average 3.1. Inflation averaged 3.0%. Observations: 100-Year Housing Price Index History
Factor in maintenance, improvements, taxes, insurance, that the equity in a house could be invested otherwise in an income producing asset and so on and it actually costs one to live in a house. Of course we also need to have a roof over our heads so to speak. At age 75 I am not much concerned about how much my home may appreciate in the future. I am concerned that it not cost me too much to continue to live in it as long as I am able to do so.
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"No one is more hated than he who speaks the truth." Plato
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Last edited by manaboutown; 05-17-2017 at 08:13 PM.
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