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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (51611)	3/4/2008 1:59:38 PM
From: neolib	Read Replies (1) \| Respond to of 543184

Actually, most of the increased cost of real estate is simply inflation, not better or bigger houses. This does not in any way, shape or form constitute "better". This is true across large swaths of the USA, not just the average bungalow in the Bay Area. You cannot claim that a house built for $5K in the 1940's in Palo Alto, even with some updates, somehow means the current purchaser forking over $1M for it, is getting something magically nicer. In my own area of eastern Oregon it is less extreme, but the same applies. In just the 15 years I've lived here, farm land has gone from $1500/acre to $10-20K/acre. House lots have gone from $10K to $70K. This does not represent "better" things.