[2banana]

True, if you look at the value of a home twenty years ago and calculated it's value based upon the time and value of money during the same period of time and you would be close to what current market value should be.

1. Homes - on average - historically barley beat inflation 2. Homes (and all buildings) are a depreciating asset 3. Homes - historically - were priced at about 3x the prevailing wage.

[valkyry1]

I guess that is why the mantra of real estate is ‘location location location’. But of course then ‘location’ can ebb and flow like a tide {insert other analogies}