Didja ever look back at homes that you lived in, and checked them for current prices?....
DW and I were reminiscing... remembering some of the places where we lived together. (A total of 22 moves) Here is a comparison of then/now prices in the homes where we lived for the longest period of time.
Very strange results.
Pawtucket RI... 750 sf house. rented for $36/mo. in 1958... sale price was $7500. Inflation price s/b $62,000... Current price $240,000.
Martha's Vineyard Ma... Rented for $90/mo. in 1959 could have bought for $30,000...Inflation price s/b $240,000... Current sale price est... $1,500,000. Now a B&B that rents for $8400/mo. in July and August. (see "1720 House").
Falmouth Ma.... Bought for $11,000 in 1962 , inflation price s/b $88,000. Current price $419,000.
Clifton Park NY... Bought in 1968 for $136,000... Inflation s/b $449,000, but the actual current Zillow price is $197,000... go figure
And one more -not-a-house- but condo's in the Chicago office building where my office was "The Montgomery" , (Montgomery Ward went bankrupt in 2001)... A condo the size of my old office now sells for $1,300,000, and rents for $3900/mo. The largest condo is valued at $4,000,000.
Have you looked back? Might be interesting.
DW and I were reminiscing... remembering some of the places where we lived together. (A total of 22 moves) Here is a comparison of then/now prices in the homes where we lived for the longest period of time.
Very strange results.
Pawtucket RI... 750 sf house. rented for $36/mo. in 1958... sale price was $7500. Inflation price s/b $62,000... Current price $240,000.
Martha's Vineyard Ma... Rented for $90/mo. in 1959 could have bought for $30,000...Inflation price s/b $240,000... Current sale price est... $1,500,000. Now a B&B that rents for $8400/mo. in July and August. (see "1720 House").
Falmouth Ma.... Bought for $11,000 in 1962 , inflation price s/b $88,000. Current price $419,000.
Clifton Park NY... Bought in 1968 for $136,000... Inflation s/b $449,000, but the actual current Zillow price is $197,000... go figure
And one more -not-a-house- but condo's in the Chicago office building where my office was "The Montgomery" , (Montgomery Ward went bankrupt in 2001)... A condo the size of my old office now sells for $1,300,000, and rents for $3900/mo. The largest condo is valued at $4,000,000.
Have you looked back? Might be interesting.
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