Location, location, location. My grandpa bought a house in Orange County, CA on a cop salary. That house is close to $2M

Apr 16, 2023
7:55:13am

Odysseus Truly Addicted User

today - and it’s 60 years old. The location of the median home today is in a much less desirable location today than it was then.

So yes, buy land because population growth is inevitable. But the best time to buy land was always 50 years ago.

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Odysseus

Previous username: THUNDERDOME69
Bio page: Odysseus
Joined: Oct 28, 2014
Last login: Sep 20, 2024
Total posts: 33,987 (11,967 FO)

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Messages

Author

Time

Between 1943 and 1983, home prices went up significantly and interest rates

Acorn

4/16/23 7:13am

Palm Jumeirah Would like a word.

Sea Chicken

4/16/23 7:20am

China keeps finding undiscovered but ancient islands all the time.

panacablue

4/16/23 7:29am

What's are the median income/median house price ratios from 43, 83, and today?

vagabonder

4/16/23 7:21am

Per sq ft it’s about the same. But houses are much bigger now

Skeptical Optimist

4/16/23 7:22am

Source

vagabonder

4/16/23 7:25am

RE: Source

Skeptical Optimist

4/16/23 8:41am

Your own study found that housing now is more expensive per square foot after

vagabonder

4/16/23 8:59am

Housing is about 10% more expensive to get twice the amount of space

Skeptical Optimist

4/16/23 12:30pm

Do you know what a PC cost relative to wages in 1975? How about

Acorn

4/16/23 7:32am

RE: Do you know what a PC cost relative to wages in 1975? How about

vagabonder

4/16/23 7:44am

I see you still haven’t googled the home affordability index.

Acorn

4/16/23 7:48am

Yeah, I know what it is. It's based on minimum payments every month and interest

vagabonder

4/16/23 7:59am

I bought my first condo at 5x my salary and 50% of my wage in 1989

Acorn

4/16/23 8:07am

How much time have you spent whining today about how tough life was for boomers

vagabonder

4/16/23 8:15am

A rebuttal isn’t whining. I am barely a boomer. Stereotyping doesn’t enhance

Acorn

4/16/23 8:25am

He did discuss the comprehensive data. His point was that reducing the combined

Defenestrator

4/16/23 8:16am

PCs didn't cost anything in 1975. Try to beat that price.

Les IsMore

4/16/23 10:26am

I pulled this data around COVID time and found this to be true.

YOHONOMOTO

4/16/23 7:53am

Location, location, location. My grandpa bought a house in Orange County, CA on a cop salary. That house is close to $2M

Odysseus

4/16/23 7:55am

In the 1700’s you could get Socal beach property for $5. One years salary as a

Acorn

4/16/23 7:57am

Unless Thanos shows up, each generation is going to have a worse real estate situation than the previous one. It seems

Odysseus

4/16/23 8:10am

I think house affordability index is a relevant statistic.

Acorn

4/16/23 8:24am

Look at the affordability index by region though, and where people want to live. The Midwest and south are the only

Mike Honcho

4/16/23 8:32am

Fair enough. No one wanted to live in Utah 40 years ago. Now California prices

Acorn

4/16/23 8:45am

Populations growth is becoming less and less inevitable by the year, especially

Pepe

4/16/23 8:19am

We can also build land too!

JohnnyC

4/16/23 8:00am

Osaka international airport in Japan is on a man made island. Large area in

NYC and Japan

4/16/23 1:01pm

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