Interesting that the Rental Housing Price Indices has seen a fall in some cities!!
araes•5mo ago
It actually saw a fall even for the Home Sale Price Indices in Memphis. Memphis appears to be the winner of worst housing investment.
In 2006, prices were 0.92x the prices in 1911. (several towns would not calculate before 1910-1911)
The winner of highest, most wildly escalating prices appears to be San Diego. Prices in 2006 were 6.73x the prices in 1911.
Several surprises personally, figured Houston and Dallas would have increased more. Atlanta was a surprisingly bad investment at 0.99x (also negative) since 1911. Baltimore was surprising positive at 3.81x in 2005 vs 1911 prices, with how much people badmouth Baltimore from anecdotal perspective.
Lot, kind of what was expected. Los Angeles is expensive (6x). New York is expensive (4.61x). San Francisco is expensive (5.23x). Boston is expensive (5.49x).
beefnugs•5mo ago
I thought it would be useful to know that the place you are about to buy was still the previous owner who bought the place for 3x less 20 years ago... (completely open knowledge anyone can access by the way)... Ok maybe they deserve a 2x price, I will offer that? Nope. Thats not how any of this broken thing works.
The rotting poorly kept wood box will always increase in price because we said so and created choke and control points for a reason
xtiansimon•5mo ago
2006, Meh. I guess newer data have monetary value.
realty_geek•5mo ago
araes•5mo ago
In 2006, prices were 0.92x the prices in 1911. (several towns would not calculate before 1910-1911)
The winner of highest, most wildly escalating prices appears to be San Diego. Prices in 2006 were 6.73x the prices in 1911.
Several surprises personally, figured Houston and Dallas would have increased more. Atlanta was a surprisingly bad investment at 0.99x (also negative) since 1911. Baltimore was surprising positive at 3.81x in 2005 vs 1911 prices, with how much people badmouth Baltimore from anecdotal perspective.
Lot, kind of what was expected. Los Angeles is expensive (6x). New York is expensive (4.61x). San Francisco is expensive (5.23x). Boston is expensive (5.49x).