I guess I need to phrase my question better. Lets say location is irrelevant. This isnt a trick question. I always see people getting crazy over the prices and appreciation. What I saw gave me reason for pause and I wonder what people’s expectations are. I dont think it even matters that its a house. In 1987 I bought myself a car that I paid $16K for. I just checked and a comparable car is now about 32K. To me 2X over that time period seems about right but I am curious as to what others think.
What would be reasonable appreciation of an asset over 22 years? I think I need to set up a poll if I only knew how.
