$390,000 is the paid price in 1997. In all honesty, over 20 years anyone ever thought how many times one has to show and collect late rent?
In 1979 someone offered me a SFH 3/1 no better condition near proposed Google Village around 95110. The tenants showed me their pigs in the back on a 8000 lot sf home. The asking price was $38K. Gangs, hookers etc…
Bought at a trough. Did a computation of my 2 SFHs, annualized appreciation is 6% and 13%. So time of purchase affects the appreciation rate. However, it doesn’t affect the rate that much over a very long period. Perhaps, milbrae appreciates at 10-12% p.a.