This house was featured in a recent post.
Kerrisdale SFH, 2,200sqft, built 1955, 56 foot lot.
Purchased after the price pullback in early 2009 for $920K, now assessed at $1.859M, reflecting estimated Jun 2011 market value.
Here’s the question: “If you knew you’d be holding this house for at least 5 years, would you buy it, today, for $920K?”
[The question is framed with the 5 year 'clause' to take out the obvious "Sure, I'd buy it and sell it" answer. -ed.]