I think more expensive houses appreciate faster, they will also have more volatile swings in prices (higher risk=higher reward).
Several reasons
1) the cheaper houses are probably in less desireable locations.
2) which implies the more expensive house is in a better location. When you go to sell that better location will allow same house to be worth more.
3) the people looking for upscale houses are looking and competing for prime real estate (lower supply) so that demand will keep price point high.
I live in a new construction neighborhood. I have a wooded lot and live on a dead end cul de sac. The same house exists (same floor plan) in neighborhood, but only a few are on cul de sacs (rest are on thru streets). My location is better, I can ask for more even though the neighborhood and schools are the same. The same floor plan with better schools costs around 50k more in other townships.
__________________
*Light travels faster than sound. That is why some people appear bright until you hear them speak.
*One person's stupidity is another person's job security.
[URL]http://jim.savingadvice.com/[/URL]
[URL]http://www.quotationspage.com/quotes/Calvin_Coolidge/[/URL]
|