>Here are the average annual growth rates in Shiller's house price
>index for certain time periods:
>
> nominal real
>1890–2007 3.76% 0.63%
>1890–1920 1.73% -1.37%
>1920–1950 2.25% 1.58%
>1950–1980 4.42% 0.34%
>1950–2007 4.98% 1.09%
>1890–1980 2.80% 0.18%
>1980–2007 5.60% 1.92%
>1980–1997 3.89% -0.39%
>1997–2007 8.56% 5.98%
>
>
I also liked the way Jordan waved away the cost of maintenance. All my
friends own houses. When anything goes wrong, they pay. Through the
nose. Plumbing, electrical, leaks, etc. Then there's also the new roof,
paint job, foundation, etc. I would guess that adds a minimum of
$5,000/year.
Joanna