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> When you bought a house back in 2008 for $300k and now its worth $2M Do you have any examples of this? The Bay Area housing market has had a nice run, but it
by mateo411 7y ago
> When you bought a house back in 2008 for $300k and now its worth $2M
Do you have any examples of this? The Bay Area housing market has had a nice run, but it hasn't grow 666% percent in the last 12 years.
- wbronitsky 7y agoFWIW, Personal anecdote: My parents bought a house on the Peninsula in the SF Bay Area for $500k in 2000 and it is now worth at least $2m.
- mateo411 7y agoTrue, but that's 400% over a longer time period.
- nostrademons 7y agoIt's exaggerated in timescale and returns but not by a huge amount. Condos I saw for $400K in 2010 are going for about a million. Homes that were about $1.1M in 2010 are about $2.4M. The sibling comment describes homes bought for $500K in 2000 that are now $2M; this is not out of line with what I'm heard from some founder friends I have that are pushing 50. IIRC my wife's parents bought their home for $130K or so back in 1986 and it's now worth $3M.