Real Wood

by | Jul 26, 2017 | Bubbleinfo TV, Carlsbad, Jim's Take on the Market | 3 comments

In 1993, this sold for $527,000. Twenty-four years later it sold for $1,275,000.

I think the fridge was newer:

3 Comments

  1. gameagent
    gameagent on July 26, 2017 at 11:08 pm

    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.

  2. LAC
    LAC on July 27, 2017 at 10:04 am

    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.

  3. cvrenter
    cvrenter on July 27, 2017 at 9:06 pm

    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?

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