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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: David Jones who wrote (12580)8/18/2003 12:54:22 AM
From: Lizzie TudorRead Replies (1) of 306849
 
The early eighties were recession the later hyper inflation. It was damn tough to hold on to property. Anyone that thinks it was easy is and idiot. The eighties were ugly.

I owned property in the 80s in CA, it was a huge windfall. My husband bought property in 83 for 170K, around 12% interest if I recall- by 1989 it was worth 500K. I don't know why you think it was ugly. CA RE in the 80s was the dotcom bubble of its time.
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