Home appreciation (on avg.) was around 4.7 percent in 2000 and 7.7 percent in 2012, however in the last three years, it's been a little absurd. This is happening when we have historically the highest mortgage rates
I'm being generous if I said homes would appreciate at least 6% for the next 15 years. At that rate, a home that costs 450k in this economy would cost 1.5M $ in 2039. And imagine what the costs, insurance, and taxes associated with properties would look like.
My questions are;