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Did the recent abnormal housing price appreciation benefited

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Reference no: EM132840200

Question - Four years ago, when you were 24, you graduated from college and landed a good paying job. At that time you purchased your "starter home" for $200K. Since then, the housing market in the city where your home is located experienced unusually high rate of price appreciation and a local real estate agent informed you that if you were to put your home on the market today, you will be able to sell it for about $350K.

a. Did the recent abnormal housing price appreciation benefited you?

b. What kind of individuals benefited the most from the recent price appreciation described in this question?

c. What kind of individuals suffered the most from the recent price appreciation described in this question?

Reference no: EM132840200

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