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

To: charlotte_sometimes who wrote (45204)11/29/2005 3:27:02 AM
From: worksinjammiesRespond to of 306849
 
Don't be too hard on your dad...
By your numbers, the difference in rate of return b/w the actual house (if sold today) at 550K, and your Mom's Dream house worth 900K is approximately 0.52%. During that same period, your family most likely paid less property tax as well, at least that is what I would assume...
Sounds like a pretty good shake to me...IMHO.

Regards, Scott



To: charlotte_sometimes who wrote (45204)11/29/2005 10:37:59 AM
From: Don GreenRead Replies (1) | Respond to of 306849
 
charlotte

Thanks,
I lived in North Park in the early 70's and all of the houses around were from the 1920's. But I can imagine they now sell in the high $700K. I am curious if a lot of those very old small homes are being bought and ripped down and new homes built or many there are zoning restrictions that really limit that.

Don


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