Originally Posted by John in Santa Cruz
apparently my house has tripled in value over the past 20 years. we've really not done much to it other than a new roof a couple years ago and basic maintenance.
This is a great return on a house that you live in. The amount of return all depends on where you live, and timing. I know of lots of areas that have seen little or no increase in property value in that time, which others have grown even more. I saw a revenue property resell for almost 6 times what I bought it for 19 years earlier. We bought two at the time, sure wish we had of bought more like we originally planned, then I would have retired ages ago.
I also see folks in other parts of the continent buying properties for 25% of what we would pay for a similar one here. While the real estate market is one you can make money in, you do have to be real careful, as it is not a given by any means.