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realestate

#1

#2

I was talking to a lady in Palo Alto, and she said back in the 50s-60s it was so expensive to own a home in that town. She said something about the houses being about $40K-$50K then. :laughing:


#3

Uh, I can relate… our family bought our 3 story building in SF Chinatown outskirts for $30-35K in early 60’s. That WAS a lot of money actually, especially if all you earned was pennies. You would cry if you saw my Mom’s property tax bill…


#4

That’s what people not knowing chit about RE can’t understand. The price of a property is not telling the bunches of PT to be paid. Certainly some RE agents are not telling the whole enchilada.

Every time there’s a proposition that wins on the ballots, $ is taken from our pockets.

Oh well!

"murica!


#5

Los Altos was $69K in the 70’s. That was only because the buyer couldn’t fathom spending $70k on a home. He negotiated with the builder to pay under $70k. The house is at least $3M today.


#6

I like this site when comparing $$$ of the 1940’s, 1960’s etc to $$$ of the 2010’s

https://data.bls.gov/cgi-bin/cpicalc.pl

At least in my neck of the woods, lots on Balboa Island, Newport Beach, and Corona Del Mar were also “free with purchase of a tote bag” - the reason at that time wasn’t fear of another earthquake, but zero drinking water access. Today SFR’s start at 1.5m

Thanks for reading,