Quote:
Originally Posted by Dan02
No, between 2007 and 2020 it was growing at a reasonable rate roughly matching inflation. It was bonkers both before and after that.
Based on the CPI a 410k house in 2007 should be worth 510k in 2020, which roughly matches your graph.
The real estate market is not the stock market, as a society we should not be expecting or wanting 10% annual returns. The only thing that does is enrich the older generations at the expense of future ones while providing no value.
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Yeah, going from memory, I think the long term growth in real estate is about 4.1%/yr. I don’t think it should be double digit growth every year. At the same time though, that 4.1% average is lumpy. It mean mean a year at zero and a year at 8.2% and that sort of thing. It’s cyclical and in Calgary that also coincides with the energy market as a significant driver. I think we’re both basically on the same page here?