Average Hoboken condominium price gains annihilated the S & P 500 stock index in the first decade of the millennium.
While the average Hoboken condominium prices rose an impressive 154% in the decade, the S & P 500
stock market index posted an average decrease of 0.9 percent a year since 1999 including dividends,
the first negative return for a decade since data began in 1927, according to S&P analyst Howard Silverblatt.
Hoboken condos sold at an average price of $197,175 for the year ending 1999 vs $501,337 at the end of 2009.
I don’t think anyone was able to live in the S & P 500 index either!
Edward (Eddie) Perez
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