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Yep. I bought in a newer area, quite a distance from the city. I paid about $760,000 for it. It's not huge, and apparently after 2 years it's close to $840,000.
by chris_wot 9y ago
Yep. I bought in a newer area, quite a distance from the city. I paid about $760,000 for it. It's not huge, and apparently after 2 years it's close to $840,000. That's insane.
- cletus 9y agoThat's an annualized growth rate of 5.13%. How exactly is that insane? If you assume inflation is 2-3% the real rate of return is ~2.5%. The YTD return for the S&P 500 is 18.6%. Now that's insane.
- conanbatt 9y agoThe last year for S&P has been tremendous. I truly wonder in this age of high asset prices, which assets are relatively best. Stocks won the last couple of years but after that
- ganeshkrishnan 9y agoYou are discounting the leverage of home loans. With 100k down payment you get 5% of 1 million dollars returns which is 50k a year or 50% growth of your investment