5 Comments

1. 

   Eddie89 on September 15, 2016 at 9:06 am

   Amazing how much more our dollars were worth back in those days. Pretty soon we’ll be like the Weimar Republic and have to use virtual wheel barrels just to buy a loaf of bread!

   Thanks Bernanke, Greenspan, Yellen, Et al.

2. 

   Name on September 15, 2016 at 9:46 am

   When I bought the former model in Clairemont 20 years ago, the original owner gave me a copy of that flyer

3. 

   Joe on September 15, 2016 at 10:23 am

   Ahhh, $16k for a new home. Now you get that 55-58 year old house without updates for $600-700k. And people wonder why multigenerational housing has made a roaring comeback…

4. 

   Susie on September 15, 2016 at 6:20 pm

   In 1987, my late husband and I bought an ocean–view lot for $50K in Hawaii–so we could build our first home. I still remember my mom saying, “Susie, I remember when Daddy and I bought our first house in Lubbock, Texas in 1943. It was listed for $15K and we offered $11K and got it.”

   It worked out for us. With a lot of sweat equity, we built the home. It doubled in value in just four years when we sold–and that’s when I became addicted to real estate.

5. 

   Shadash on September 16, 2016 at 7:19 am

   Next time I hear a boomer complain about real estate…

   Try being young today. Houses are crazy priced. Schooling is crazy priced. The cards are so stacked against you its not right.

   Just an FYI 16k in 1960 = 130k in 2016 according to the per year average CPI (consumer price index)