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ProfessorGAC

(65,042 posts)
4. Worth More
Mon Jan 29, 2018, 11:01 AM
Jan 2018

I live in a town with fairly low cost housing that didn't appreciate at the level of other areas during the real estate bubble.

So, when the market went down, it was little more than a slight correction, because the houses around here didn't overinflate.

As a result, in the intervening 11 years, we're probably only a year to 18 months of appreciated value behind.

All that, plus, we don't own a big fancy house. We stayed put for a lot of years, preferring to have a paid for house rather than ever starting over. So, figure a 1500 sq. ft. house in a town with modest property values that didn't hyperinflate due to speculation, and we never took the big hit a lot of people took. That's not timing or planning. Mostly just lucky.

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