“Isn’t Nomad just speculating on properties appreciating?” I hear that question all the time and the answer is: no. It is true that even a modest appreciation assumption in our modeling of Nomad makes the Nomad model look amazing, but this class goes beyond that and walks you through a variety of appreciation related topics. We discuss what appreciation has been historically both quantitatively and qualitatively. Is it likely to continue and at what pace? Plus, we show what Nomad looks like if we have no appreciation in either home price or rent and much more.