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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Proud Deplorable who wrote (31590)5/19/2005 4:27:49 PM
From: morokko65Read Replies (1) | Respond to of 306849
 
My father worked for Great Western Bank, which was later bought out by Washington Mutual. In the early 1970s they underwrote a development called "Orinda Woods" The lots were $30K and they couldn't give them away during the 73-74 recession.

They were mostly sold to employees with favorable financing. They are all in the $900K to $1.2M range now as SFRs


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