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Gregorian Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-05-05 12:17 AM
Response to Original message
19. A bit of perspective...
From old newspapers I found under floors-

In 1929 a house on the San Francisco penninsula was $1000. (The same price as a car.)

In 1959 that house was $12,000.

In 1999 that house was $750,000.

If you ask me, it seems to be following the same curve as the population.
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  -U.S. housing boom could turn into bust lovuian  May-04-05 07:56 PM   #0 
  - Flaws = FRAUD like  leftchick   May-04-05 08:00 PM   #1 
  - Sorry Leftchick I had a dupe  lovuian   May-04-05 08:02 PM   #2 
  - I am glad you told me...  leftchick   May-05-05 04:30 AM   #25 
  - c. 3% of houses on my block have been empty for months  BrendaStarr   May-05-05 02:56 AM   #24 
  - Litmus test for real estate bust  Phoebe Loosinhouse   May-04-05 08:37 PM   #3 
  - That's what I never understood about home equity  tammywammy   May-04-05 08:44 PM   #4 
     - Yes, it is a loan and you do have to pay it back, with interest  Phoebe Loosinhouse   May-04-05 09:02 PM   #6 
     - Cash-out refinance can make sense  RaulGroom   May-04-05 09:41 PM   #9 
        - There are lots of time when it makes sense  Phoebe Loosinhouse   May-04-05 09:55 PM   #11 
        - what if you shovel it back into your home?  shanti   May-04-05 09:57 PM   #12 
        - Okay, so  tammywammy   May-05-05 01:12 AM   #20 
        - If you arent planning to sell it...  LivingInTheBubble   May-05-05 08:00 AM   #27 
        - You can subtract expenses against income on rental property.  FloridaPat   May-05-05 12:03 AM   #17 
        - Okay, so you're using the equity to buy a property  tammywammy   May-05-05 01:15 AM   #21 
     - When you sell the house, you pay back a lump sum, otherwise the money  radwriter0555   May-04-05 09:07 PM   #7 
        - I read what you wrote  tammywammy   May-05-05 01:21 AM   #22 
  - in September 02 I bought this cottage for $210k and sold it yesterday for  radwriter0555   May-04-05 09:01 PM   #5 
  - Ayez un voyage sr. Flicitations  saigon68   May-04-05 09:15 PM   #8 
  - I think your very typical of what is going on in California  lovuian   May-04-05 09:48 PM   #10 
  - Actually, they make new land more than you might think  Phoebe Loosinhouse   May-04-05 10:05 PM   #13 
     - LOL!!! I know your right!!! heres another one Location Location  lovuian   May-04-05 10:12 PM   #14 
  - $315k profit in under three years? That's crazy.  reprobate   May-04-05 11:28 PM   #15 
  - If you think that is crazy  fortyfeetunder   May-04-05 11:56 PM   #16 
  - I built a house in Central VA in July 2002 for a total of  pokercat999   May-05-05 06:39 AM   #26 
  - call me working class, but...  NorthernSpy   May-05-05 08:03 AM   #28 
  - We're trading down  ThoughtCriminal   May-05-05 12:13 AM   #18 
  - A bit of perspective...  Gregorian   May-05-05 12:17 AM   #19 
  - Alas  jfs1000   May-05-05 01:22 AM   #23 
     - Metro Boston still high (Real Estate that is)  Massachusetts   May-05-05 08:14 AM   #29 
        - It's like the tail end of a Ponzi scheme.  valis   May-05-05 08:28 AM   #31 
  - I can't decide what to do  Mizmoon   May-05-05 08:22 AM   #30 
  - Do you have space for an addition?  freestyle   May-05-05 08:51 AM   #33 
     - Yes, we could  Mizmoon   May-05-05 09:07 AM   #34 
  - How high can it go?  Tracer   May-05-05 08:39 AM   #32 
     - I think the downside might have officially begun today  Phoebe Loosinhouse   May-05-05 08:11 PM   #35 

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