Darn, I was ready to start planning my retirement. I still wonder whether the multiplier on my home could ever approach 10X annual gross rent which would be 20% below 1998 cost. I dont care if it does as I’m dug in here for at least 20 more years and have a 30 year fixed rate in the low 5’s.
If it hit 13, that would mean my house was selling for what it cost new in 1998. BTW, my home is in a very desirable location and community. I could rent it out quickly and it would go for top dollar relative to the market.
