Number
crunchers at a worldwide leader in financial services technology, whatever that
is, just crunched out some gut-wrenching financial services technology numbers,
and we’re passing a dalliance of them along, probably as a financial services
technology public service announcement.
The
good news is, those of you who live in North Dakota have seen home prices rise
by 17.7% over the past 5 years. In Vermont,
single-family housing values are nearly back to peak, as that state recorded
only mild increases during what was a pre-2007 real estate bubble most
everywhere else.
If
you’re from Nevada, however, where housing prices crashed a bubblicious 57.9% between early 2007 and the start of 2012, and you closed at the highs, the bad news
is beyond awful. It’s going to take your sorry a$$ 40 YEARS to break even. In Arizona that time is 26
years, and Florida, 15. If the financial
services technology guys are right, many seniors in those three retirement
meccas will never get their money back, forecast to otherwise occur between 2027 and flipping 2052.
The number crunchers came up with a national average of 11 years, but it's probably meaningless to the individual homeowner given those financial services technology variations away from the financial services technology mean.
