Quote:
Originally Posted by dyna mo
right on, not criticizing at all, I couldn't do what you did, manage all those properties. As I understand it, housing gains over the last ~10 years have been 30%, with the average holding period being ~ 8 years thus the ~3.5% annual growth. I know here in Los Angeles we've only had ~ 50% gain. except in luxury homes, which never really went down in price here anyway.
but certainly, congrats. I don't have experience flipping homes so I can't really say when's the right time to get out, other than before the crash.
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Minneapolis has gone 160k to 260k on average from 2009 to now. I am old enough to remember the crash in the 80’s so I knew low price houses have bigger swings.
I am not sure we are going to see big appreciation going forward in that are population has topped out here.