Nobody can honestly forecast a 20-year appreciation number for a specific area, so we won't pretend to. Too much depends on rates, income growth, and policy over that horizon. What we can give you is the framework we'd use. The long-term case for built-out, supply-constrained coastal pockets like Laguna Niguel and Dana Point is genuinely strong, and it rests on the thing that's hardest to change: there is very little developable land, so new supply can't flood in when demand rises. That scarcity has historically supported prices in these submarkets, and it's the main reason we'd view them as good long-term holds. Temper the pace, though. After a long stretch of strong gains, it's reasonable to expect appreciation to moderate, and prices can move sideways for years while incomes catch up to values. For a long-term hold that's normal. It just means you shouldn't underwrite the purchase assuming rapid gains continue. We'd be comfortable holding quality coastal real estate here for 20 years for the scarcity and the durability. Buy because the fundamentals and your own timeline work, and treat any specific percentage forecast as a guess, because that's what it is.