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?

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Most places appreciate at least AT inflation rate, but -miat42- 给 miat42 发送悄悄话 miat42 的博客首页 (226 bytes) () 03/08/2007 postreply 13:30:00

10年后,1M就变成1.34M了 -880101- 给 880101 发送悄悄话 (52 bytes) () 03/08/2007 postreply 16:52:35

Buying house == fight against inflation. -miat42- 给 miat42 发送悄悄话 miat42 的博客首页 (0 bytes) () 03/08/2007 postreply 20:44:24

回复:Most places appreciate at least AT inflation rate, but -seahorse1234- 给 seahorse1234 发送悄悄话 (523 bytes) () 03/08/2007 postreply 17:18:48

In that case, market may drop 10-20% -miat42- 给 miat42 发送悄悄话 miat42 的博客首页 (0 bytes) () 03/08/2007 postreply 20:45:30

The only way to overcome short term drop is holding for LONG tim -miat42- 给 miat42 发送悄悄话 miat42 的博客首页 (170 bytes) () 03/08/2007 postreply 20:47:14

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