 Quote:
Originally Posted by free4now
So I vote 4%- Inflation. Just like has happened throughout all of recorded history except the last decade:
|
Well it's not a vote of what you wish it would be. I'm looking for actual numbers. Your figure of 4% appreciation in San Francisco would mean those $700,000 1 bedroom condos were selling for $225,000 in 1978!! Don't think so. The state of California did not have a taxpayer revolt in 1978 voting in Prop 13 based on 4% annual appreciation!
|