Rule of 72. For an asset to double in ten years the average rate of return needs to be 7.2% per year.
So, I mean... no? 7.2% ROR is a somewhat aggressive estimate for stock market returns. Most people assume real estate will rise approximately with inflation, so 2-3% annually over time.
Maybe the era of ultra low interest rates has skewed that a bit, but not enough to say that real estate doubles every ten years in Canada no matter what.
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comfortably numb
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