4 ms·
175k to 660k in 32 years is only a 4.25% increase per year. That's really not much at all.
by harryh 6y ago
175k to 660k in 32 years is only a 4.25% increase per year. That's really not much at all.
- rayiner 6y agoIt’s true it’s less than some other places, but it’s almost double the headline rate of inflation over that time. For a town that—let me tell you—truly has nothing going on.
- handmodel 6y agoI don't know what town this is but the DC Metro area has a ton going for it. The population has almost doubled over that time period. If your town only approved minimal zoning increases during that time then of course prices will shoot up.
- CincinnatiMan 6y agoWhat was the mortgage interest rate in 1989? As rates go down, prices go up, so unless the interest rate environment of 1989 was similar to 2021, I don't think it's fair to compare only the home sale price.