Quote:
Originally Posted by Hesla
My grandparents built their house in 1955, in Wildwood, for $55,000. My parents bought it from them in 1988 for $120,000. The house now has an assessed value of over $700,000. Craziness.
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That's a compounded annual rate of return of 4.4% since 1955. If they had put the money in the Dow instead, they'd have almost $1.8 million.