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Real Estate
Reply to "20 Years of Ownership and $100 in Appreciation in Potomac"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Not surprising if you know the history of the real estate market. My sister bought her house in Bethesda in 2005 for $2M and it is now only valued at $2.4.[/quote] It seems hard for people in this thread to understand this, but your timing and house choice always make a difference. I bought my Bethesda house for $700K in 2007 and it's now valued at $1.6 million. [/quote] but also, paying on it for 20 years means that the sellers probably had a whole lot of equity unless they took out a bunch of new loans.[/quote]
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