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Saarang
Pilla Bewarse
Username: Saarang

Post Number: 181
Registered: 04-2015
Posted From: 97.113.94.59

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Votes: 0

Posted on Wednesday, May 17, 2017 - 9:41 pm:   

Back in May of 1997, the median price of a single-family house in Seattle was about $205,000. If you started with a typical 20 percent down payment, your initial investment in your home would have been around $41,000. As of April, data from the Northwest Multiple Listing Service shows that Seattle’s median house price has shot up to $722,250—an all-time high.

If you sold a home today for $722,250 that you bought in 1997 for $205,000, you would end up with about $568,000 after paying real estate agents (6% – $43,335), excise tax (1.78% – $12,856), and the remaining balance of your 30-year mortgage ($98,000). That’s a 1,285 percent return on your initial investment. Nice!

Now let’s see how that stacks up to $AMZN

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