The best things in life appreciate at 17% annually
According to Zillow, I made almost $100,000 last year just by living at home. At least that’s what their real estate appreciation stats say for my house - which starts from an estimate for 12 months ago which I already think is wildly optimistic and way above what I paid for it. Word from a few colleagues indicate wildly varying tales of over and under valuation for their homes, too. I’d love to believe the hype, but until somebody offers me over half a million dollars for my house, I’m going to find it hard to buy in.
Incidentally - Zillow launched last night at midnight and either massively miscalculated first-day interest in their site or were massively unprepared to scale to that demand. It’s basically unavailable right now.