In 1993, this sold for $527,000. Twenty-four years later it sold for $1,275,000.
I think the fridge was newer:
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Klinge Realty Group
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Sounds like quite a profit. However, if you bought 1000 oz. of gold in 1993 for $500 an ounce and sold it today for $1200 an ounce, you’d come pretty close to the same profit.
With the gold, you have no property maintenance, no property taxes, and no kitchens and bathrooms to upgrade.
But you can’t live in or collect rent from 1000 oz. of gold.
Good they sold it. We are looking at another housing bubble folks. You heard it here first… ? Sell while you still can. This one will be worse than 2008, affecting the stock market worse, cars (loans) involved, student loans, bank derivatives, commercial real estate and more… it won’t be pretty. I’d buy physical gold & silver too if I had some funds to spare. Congrats to the seller… If you are selling then I’d hurry before it bursts.
close to tracking inflation – $527k in 1993 dollars is 900k today.
Assuming bought with 20% down, it’s probably paid off by now so nice 800 profit – and you lived in it for 20+ years
You sell when you need to, but I wonder how much it could have sold for in 2005?
Or could you have bought it for 600k in 2012?