Re:California’s housing crisis: how a bureaucrat pushed to b...
by nostrademons on Friday February 14, 2020 @02:41PM
(#22329597)
It's exaggerated in timescale and returns but not by a huge amount.
Condos I saw for $400K in 2010 are going for about a million. Homes that were about $1.1M in 2010 are about $2.4M. The sibling comment describes homes bought for $500K in 2000 that are now $2M; this is not out of line with what I'm heard from some founder friends I have that are pushing 50. IIRC my wife's parents bought their home for $130K or so back in 1986 and it's now worth $3M.
Condos I saw for $400K in 2010 are going for about a million. Homes that were about $1.1M in 2010 are about $2.4M. The sibling comment describes homes bought for $500K in 2000 that are now $2M; this is not out of line with what I'm heard from some founder friends I have that are pushing 50. IIRC my wife's parents bought their home for $130K or so back in 1986 and it's now worth $3M.