Quote:
Originally Posted by LimpDitka
You have no idea if his house is going to be worth 1.5 million in 20 years...
You're right of course, but there are some situations where it can be pretty unlikely. In Toronto (which i mention only because it's where I live and what I'm familiar with) some neighborhoods experience tremendous value growth as they gentrify but then level off. For those areas, future value growth in line with past growth would be very unlikely.