Does housing price appreciate at the inflation rate?

For example, if inflation rate is 3% and assume nothing special would happen during the following year (no bubble, no crash etc), does that mean a 1m house would worth 1.03m a year later?

所有跟帖： 

• Most places appreciate at least AT inflation rate, but -miat42- ♂ (226 bytes) () 03/08/2007 postreply 13:30:00

• 10年后，1M就变成1.34M了 -880101- ♀ (52 bytes) () 03/08/2007 postreply 16:52:35

• Buying house == fight against inflation. -miat42- ♂ (0 bytes) () 03/08/2007 postreply 20:44:24

• 回复：Most places appreciate at least AT inflation rate, but -seahorse1234- ♂ (523 bytes) () 03/08/2007 postreply 17:18:48

• In that case, market may drop 10-20% -miat42- ♂ (0 bytes) () 03/08/2007 postreply 20:45:30

• The only way to overcome short term drop is holding for LONG tim -miat42- ♂ (170 bytes) () 03/08/2007 postreply 20:47:14