- This topic has 35 replies, 6 voices, and was last updated 15 years, 9 months ago by ltokuda.
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August 4, 2008 at 5:02 PM #252540August 4, 2008 at 5:56 PM #252324ltokudaParticipant
“I hear people mentioning “going back to 2003 prices” does that statement assume that it’s 2003 prices + 3.03% per year for inflation?”
No. When people say “going back to 2003 prices”, they are generally talking about nominal values. So if your house was worth $400,000 in 2003, they believe it will eventually fall back down to $400,000 in the future.
August 4, 2008 at 5:56 PM #252492ltokudaParticipant“I hear people mentioning “going back to 2003 prices” does that statement assume that it’s 2003 prices + 3.03% per year for inflation?”
No. When people say “going back to 2003 prices”, they are generally talking about nominal values. So if your house was worth $400,000 in 2003, they believe it will eventually fall back down to $400,000 in the future.
August 4, 2008 at 5:56 PM #252501ltokudaParticipant“I hear people mentioning “going back to 2003 prices” does that statement assume that it’s 2003 prices + 3.03% per year for inflation?”
No. When people say “going back to 2003 prices”, they are generally talking about nominal values. So if your house was worth $400,000 in 2003, they believe it will eventually fall back down to $400,000 in the future.
August 4, 2008 at 5:56 PM #252560ltokudaParticipant“I hear people mentioning “going back to 2003 prices” does that statement assume that it’s 2003 prices + 3.03% per year for inflation?”
No. When people say “going back to 2003 prices”, they are generally talking about nominal values. So if your house was worth $400,000 in 2003, they believe it will eventually fall back down to $400,000 in the future.
August 4, 2008 at 5:56 PM #252566ltokudaParticipant“I hear people mentioning “going back to 2003 prices” does that statement assume that it’s 2003 prices + 3.03% per year for inflation?”
No. When people say “going back to 2003 prices”, they are generally talking about nominal values. So if your house was worth $400,000 in 2003, they believe it will eventually fall back down to $400,000 in the future.
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