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To: Road Walker who wrote (114363)5/29/2012 1:47:23 PM
From: John Vosilla  Read Replies (1) | Respond to of 149317
 
The house my parents bought up north brand new before I was born tripled from 1960-80 then tripled again by 1986 when they sold and moved to FL..Actually went up another 50% by 1989 before their big 'crash' even worse than this one for that area.. Seems even the three horrible recessions were only a minor blip back then at least in the NY area..



To: Road Walker who wrote (114363)5/29/2012 2:25:05 PM
From: Jim McMannis  Respond to of 149317
 
Rates AND housing prices went through the roof in the late 70s-early 80s. Big boomer demand and high oil prices. Were coming out of a 1977 housing recession too.



To: Road Walker who wrote (114363)5/29/2012 2:30:03 PM
From: John Vosilla  Respond to of 149317
 
Yes...seems the appreciation back then wasn't as linear as once thought...you had huge increases often in a short time period then remained flat.. You didn't have the instantaneous information flow like today and obviously increases then were driven mostly by rising wages and costs to construct...