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

To: Don Green who wrote (45185)	11/28/2005 11:55:03 PM
From: Proud Deplorable	Read Replies (1) \| Respond to of 306849

"I wonder how many now retired military servicemen who bought a house in the San Diego area back in the 60's-70's post Vietnam era while they were on active duty are now millionaires, purely based on their home value." I wonder how many Viet Cong immigrated and moved to the same area after relations were restored and bought houses are now millionaires also? Oh well, cheers to those who survived Vietnam only to witness another drug addicted alcoholic president making the same mistakes.

To: Don Green who wrote (45185)	11/29/2005 2:38:21 AM
From: charlotte_sometimes	Read Replies (2) \| Respond to of 306849

I wonder how many now retired military servicemen who bought a house in the San Diego area back in the 60's-70's post Vietnam era while they were on active duty are now millionaires, purely based on their home value. Quite a few. My father (not a retired serviceman, but did serve) bought his 1920's 1300sq ft house in San Diego in 1965 for $14k. Sold in 2002 for $350k (to buy another California house). Back in '65, my mother had wanted a house closer to Balboa Park, but dad wouldn't go for it, because it was an extra $5k. Dad's house is now worth about $550k and the house on the park she wanted is about $900k. By the way, propery taxes on dad's house when we sold? $350 per year. Selling was a hard decision, because if I had inherited that house, I could have kept those taxes (+ 2% per year) for as long as Prop. 13 lives on.