It has been some crazy growth, although this girl probably underestimated what she could have sold the property for several months ago. Believe it or not, the buyer paid $1m to rent it out for about $2500 per month. About a 3% gross yield.
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Hahahhaha, That is terrible. Has anyone ever told them about something called inflation?
I guess if their main play is capital appreciation they think they are going to rent it out and then resell it for a lot more but I just expect a lot of these people to get blown out of the water.
Good point about inflation. But as you say, when you assume infinite annual 12% growth, who cares?
"assume" is the key word. Hahahah