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by ChuckMcM
5115 days ago
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When I'm doing armchair economic analysis I use the 2% growth rate as its one that pretty much everyone agrees is the 'floor' of all estimates. So if you read my comment and did the math, and 15 to 20 years from now looked at your house value, you may find I exactly called it, but you may find that it was a bit under as the economy grew better than that. The chance that you would see lower than 2% growth is small (but non-zero!). There was a time (pre-2000 btw) when I would use the more optimistic numbers when planning ahead :-) |
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