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I don't really know the rate for my area. Over 30 years, my house appreciated between 4 and 5% per annum depending on whether you look at the sales price in 1975 or in 1984.
Since I bought in 2003, I'm sitting on 12% per year appreciation. Obviously not sustainable long term.
What will change appreciation rates here? Those things I mentioned already. No idea which of those if any will happen. 30 years is a long time. Who knows, where I live might be a slum in 30 years (appreciation will be less than inflation) or it might be the next up and coming hot place to live (appreciation 2-5% greater than inflation). I'd put even odds on either outcome happening within 30 years.
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