Property value changes based on many factors. In my area, for example, there are very aged homes from the 40s that are not maintained very well going for $1.5M+, single story.
It is absurdly easy to add value or devalue a home or other property, so it ultimately doesn't matter what the valuation was as all parties were in agreement when it happened.
Additionally, with all of the "inflation", the properties should be worth double or triple what they were at that point anyway.
Or does inflation only exist when giant corpos and government benefit?
Property value changes based on many factors. In my area, for example, there are very aged homes from the 40s that are not maintained very well going for $1.5M+, single story.
It is absurdly easy to add value or devalue a home or other property, so it ultimately doesn't matter what the valuation was as all parties were in agreement when it happened.
Additionally, with all of the "inflation", the properties should be worth double or triple what they were at that point anyway.
Or does inflation only exist when giant corpos and government benefit?