How much is this property worth?

Using the Rule of 72, how much would your property be worth after 12 years, assuming an annual 6 percent appre?

• Using the Rule of 72, how much would your property be worth after 12 years, assuming an annual 6 percent appreciation if you bought it today for $150,000?

• Answer:

  6 x 12 = 72, so you think the property's value would have doubled. which is actually false, of course. property can only double if the people who live in the area can afford to use it -- which means, roughly, that their income had to also double. There aren't many countries in the world whose incomes are growing at 6% per annum over a period as long as 12 years. and for sure, none of them are highly developed countries [like where you apparently live].