zhandfull
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Just checked Zillow and my home in Rancho Cucamonga has doubled in estimated value between March 2012 and today. The numbers appear pretty spot on compared to comps in the area. Just over 8 years and it has doubled! Comes out to price appreciation of about 11.1% per year.
Sustainable? What’s the next eight years going to hold for price appreciation in RE?
Can prices continue to increase with interest rates arguably no where to go but up?
Mortgage broker told me way back in 2007 that prices would continue to go up but interest rates would need to drop or wages would need to rise. Don’t remember, but think mortgage interest rates back then were about 6%
Oh, one one more thing, my house is only up about 11% since 2007. That’s .85% a year appreciation!
Timing is everything if you are going to do well in RE.
Sustainable? What’s the next eight years going to hold for price appreciation in RE?
Can prices continue to increase with interest rates arguably no where to go but up?
Mortgage broker told me way back in 2007 that prices would continue to go up but interest rates would need to drop or wages would need to rise. Don’t remember, but think mortgage interest rates back then were about 6%
Oh, one one more thing, my house is only up about 11% since 2007. That’s .85% a year appreciation!
Timing is everything if you are going to do well in RE.
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