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Reply to "Why don’t people understand that low rates work against them?"
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[quote=Anonymous][quote=Anonymous]OP is far off with her assessment as my DC neighborhood as seen appreciation since I moved in in 2008. We paid $300k and my next door neighbor paid $626k ( house was listed at $550k) in early 2019 for the same identical house, layout no upgrades etc. It’s called inflation. [/quote] Your scenario is all over the place. My sssesment is not off at all, and vague data isn’t making your point. There are condos and other types of homes in the Dc area that still haven’t recovered from the highs of 2005-2006. So your numbers say nothing. However, the numbers you show, assuming that the entire picture is correct, show a 6% per year growth in the home price, while inflation has been at 2.5%. At least they show one thing: it isn’t inflation. [/quote]
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