I haven’t done the research on historical RE price growth in the previous decade, so the 8% is a total swag…
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You’re forgetting the cycles. RE does not go up every year, forever.
IMHO, look at **wage** inflation as a rough estimate of how much higher prices should climb. Personally, I think prices should revert to pre-2001 levels (nominal), and the credit contraction may well bring prices even lower (affordable housing is a GOOD thing). 🙂
