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Politics : Bill Clinton Scandal - SANITY CHECK

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To: Zeuspaul who wrote (4532)9/22/1998 11:19:00 AM
From: j_b  Read Replies (4) of 67261
 
OT *******<<I cannot believe that Northern California has had more than 10X appreciation in twenty years >>

Let me be the first to offer a glimpse into the joys of price appreciation in N. California. In the early 60's, tract homes sold for around $16k. In the early 70's, they sold for around $40k. They now sell for $450k for a small (1,200 sq.ft.) home in an okay neighborhood, and $650k (and up) for a 2,000 sq.ft. home in a good neighborhood. Condition of the home does not seem to be an issue, as fixer-uppers go for as much as new homes in similar areas.
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