That’s the return for the Houston condo I mentioned in my “Minimizing the skim” article. A purchase price of $45,000 in 1981 grew to $100,000 in 2021 when I wrote the article. I just looked at Zillow, current asking price for a unit there was $146/sf. It’s dropped to $88,000 since for a 600 SF condo – a sub 1% return over 43 years. {{ LOL }}.
I noticed that they’ve even built a Dog Park across the street in the 40 years since I lived there. The neighborhood is improving.
intercst