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Real Estate
Reply to "Moco - no appreciation in the last 10 years"
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[quote=Anonymous]I think there are probably huge variations on actual appreciation depending on price range and location. We're in a small house on a busy street in Bethesda; I've always understood the price increases are less relevant for my house than for my neighbors on a cul-de-sac. As we're in the move-or-renovate phase, I look at the nice older split levels or colonials that are in the "reach" range for us -- 1m to 1.2m -- and I wonder how much more they can increase, given how many new builds there are. Even a nicely renovated 75yr old ordinary house, unless it had a LOT of charm or an amazing location, isn't going to compete with a more recent build, with higher ceilings and larger rooms, etc.[/quote]
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