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Non-Tech : Investing in Real Estate - Creative Opportunities
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To: gcrispin who wrote (2075)2/12/2014 9:46:15 PM
From: John Vosilla  Read Replies (1) of 2722
 
i can't understand how limiting growth and taking extreme measures to protect the environment can be considered progressive when it prices most all newcomers out and makes in migration from out of the area next to impossible unless you are royalty. It is just strange to me how things have evolved from since Reaganomics. Prior to that didn't have such a wide housing price discrepancy for starters. Wonder how many average homes from middle America it took to buy one average Santa Barbara home in 1981 vs now? I can still buy distressed modest 40-50 yr old ranch homes in decent parts of FL for near what they were worth in 1981 Yes fixed up once we put around $12-15k may be worth say $70-75k probably double the retail value back then. Comparable home in Santa Barbara looks like $600-750k these days.
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