Quote:
Originally Posted by Izzle
Thanks everyone all your input. I had a gut feeling that "real estate doubling over 10 years" was kind of bogus.
I suppose it is also important to take out the Toronto and Vancouver markets as they are voluminous enough to skew data.
@Peanut, you had a very good point about the rule of 72.
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Real estate is local, some real estate doubles in 3 years. Other real estate go down, there is no general rule and no gains are guaranteed. Its silly to apply these theories to real estate that is actually in play.