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Originally Posted by AtomicLabMonkey
That's a big assumption; personally I think it's wishful thinking to expect the current real estate market to just be a "bubble" which will burst and bring prices magically back down to "normal". Prices have been trending upwards for at least the past 20 years, especially on the west coast, it's not like it's a new thing... they flatten out at times, but overall they always go up.
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Like I said, I expect them to "flatten out". Those numbers are with a 1% appreciation. And it's not until there's a 5% appreciation that I will make any money in 5 years.
If you think the housing costs can continue to grow geometrically as they have here in the last 3 years, you're gonna get screwed. The way the housing market is in Reno right now gives me the same feeling in my gut that the stock market gave me in 1999.