“A home is where the bad investment is.”
-San Francisco Examiner, 1996
If you would have gone against the advice of the San Francisco Examiner and purchased a Marin home in 1996, you might have spent around $417,324 (the Marin County average in 1996). Based on appreciation rates, that same Marin home sold today would be worth about $1,100,000.
Sound like a bad investment? Worth believing everything you read in the newspaper?