Quote:
Originally Posted by Jedi Ninja
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.
|
My parents bough a house in Wildwood in 1968 for $15,000 so I suspect the initial 1950s price of $55,000 had an extra digit.