putting percentages in context!

  1. 615 Posts.
    The other day I heard the following answer in response to someone suggesting that house prices could fall as much as 50% in places

    "that's ok, my property has gone up 100% from the time I bought it"

    Hmmmm.... lets replay that

    Your property value has gone up 100% from when you bought it - say from $500,000 to $1,000,000

    So if it drops 50% from $1,000,000 don't you end up back at $500,000?

    Some folks are funny....
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