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Part of it is that some areas grow. Some cities are growing, others shrinking; different neighborhoods in different places. Some people I know have done a dou
by mises 7y ago
Part of it is that some areas grow. Some cities are growing, others shrinking; different neighborhoods in different places. Some people I know have done a double or better on their property values over the past decade-and-a-half because it is now an upscale area. It can't happen nationwide, but even an economy which is stagnant over all is constantly in flux.
Of course, others I know have also lost substantial value at times.