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"A house (with few exceptions) is not a depreciating asset. With the singular exception of 2007-2010, home prices tend to rise." In the words of Shaun Micallef
by westicle 15y ago
"A house (with few exceptions) is not a depreciating asset. With the singular exception of 2007-2010, home prices tend to rise."
In the words of Shaun Micallef: "All cats are brown, as this exception to the rule proves".
http://www.infochoice.com.au/banking/savings-account/term-deposit-interest-rates.aspx http://www.infochoice.com.au/banking/savings-account/term-de...
If you compare 5-year term deposits most are in the 6.8% - 7.1% range.
- bane 15y agoSorry, we don't have those in the U.S. Our equivalent is called a Certificate of Deposit (CD) and those have just finally climbed above the 1% range after a few years sporting near 0% ROI. Put another way, they weren't even worth the time it took to go down to the bank to buy one. Now...if you have something over $100,000 USD burning a hole in your pocket that you won't need to touch for a while, you can purchase something called a jumbo CD, and the 5-year instruments will just break 2.3%.