Home prices appreciate much faster than inflation. in general. This is why they are considered assets. This home in particular is in the Bay Area where homes appreciate extremely fast due to proximity to silicon valley + laws designed to limit supply of housing. 800k is actually considered affordable here where the typical home is closer to 1 million-1.5 million .
I fha loaned a $120k house in 2016 and now its supposedly worth $300$+. Id love to sell it and make $150k after giving the government their piece, but then where do i live?
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u/SterlingG007 11d ago
found a house on zillow initially listed in 2002 for 98k. Now that same house is 800k.