2 ms·
>Historically house appreciation is about the same as inflation If that's your investing thesis then obviously the expensive coastal metros make no sense. Thes
by closeparen 6y ago
>Historically house appreciation is about the same as inflation
If that's your investing thesis then obviously the expensive coastal metros make no sense. These prices reflect a history of excellent returns. It costs a lot more to own than to rent - people are paying to be landlords! Clearly they're doing this in the expectation that appreciation will make up for their losses.
- ska 6y agoThat’s just the historical data. Look obviously the details matter - we can cherry pick cases in either direction that “won” or “lose”. The point is more that the sentiment in OP is common but wrong, it’s not obvious. One thing I didn’t get into is US specific but often it’s the mortgage tax credit that makes it worthwhile but again, it depends ....