You and I sold on the first wave, if you sold in ‘99. I sold in 2002. The “appreciation” (read: speculative premium) achieved by the home 2002 > 2007 was MORE THAN THE ENTIRE AMOUNT I SOLD FOR. I bot: $300K, 1995. I sold $500K 2002. It sold for $850K in 2005 and $1.2 MM in 2007.
"Bot"? Don't you mean "bought"?