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Real Estate
Reply to "My friend’s home in Palo Alto tripled in value in 10 years!"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]That's a 12% y/y rate of return.[/quote] The stock market more than tripled in value in the last 10 years -- the sustained rise that started under Obama (once the financial crisis was over) and continued until today interrupted only by COVID. S&P was 1,200 in 2011, and is around 4,000 today.[/quote] Yes but you need a house to live in... and most people have a mortgage on their house. So it’s like comparing apples to oranges.[/quote] Mortgages allow people to leverage their bets on real estate, that's all. In most markets you could rent a house more cheaply (or this should be the case if the US didn't subsidize home ownership); you choose to pay a mortgage and that means you're making a real estate investment. [/quote]
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