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Originally Posted by $5 submissions
Colin,
You are right about your historical snapshots. But the 1940 snapshot is misleading. Sure, someone unloading in 1940 will be losing money. But check out the outcome if he/she sold after the 1945 and ride the spike up furnished by America's post-war boom.
Just like in any economic time frame there are dips and there are spikes. Perhaps if the snapshot was taken in "middle" periods, we'd see a steady appreciation?
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Yeah, but that rise lasted for only about half a decade. If you had bought 5 years later you would have been at break-even for the next 30 years after you discounted inflation.
OK, these are just averages. Out there were many great opportunities and there still are. I have a suspicion they are not in Boston or San Diego though.