Hoboken Condo Price Gains Crush The S & P 500 Stock Index for the Past Decade

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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