"One question had astounding results. The average expectation for annual gains in house value over the next 10 years was 11.2%. That would mean that, in 10 years the average of expectations was a gain of 189%: Buy a house worth $200,000 today and in 10 years it will be worth $578,000.
Compare that to the 10-year interval leading up to the peak price in June 2006. Using the Case-Shiller Composite-10 Index, the average value for a $200,000 house in June 1996 rose to $323,271 by June 2006. Talk about bubble mentality."
Wednesday, October 14, 2009
Many Home Buyers Delusional About Market | Financial Advisor Update | Financial Articles & Investing News | TheStreet.com
Many Home Buyers Delusional About Market | Financial Advisor Update | Financial Articles & Investing News | TheStreet.com:
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