3 ms·
For anyone wondering like I did, that would be 7.75% annual return, compounded once a year.
by robotresearcher 12y ago
For anyone wondering like I did, that would be 7.75% annual return, compounded once a year.
- tempestn 12y agoExcept that once you own those properties, you have to pay taxes and perform basic upkeep. Even just tearing down the derelict properties would each up most of the 10x gain.
- robotresearcher 12y agoAbsolutely. I was just working out the numbers to see that a 10X gain sounds great, but if it takes 30 years it's not blockbuster per year. The exponential function again.