Our BIL & SIL were here this week for a family funeral. They came to visit on Wednesday and we got talking about Real Estate and their 3 bedroom ONE bath ‘tract house’ in San Diego was recently appraised at One Million Dollars. (And they paid $350K for the place, twenty years ago!)
Beau has been there, and I’ve owned a three bedroom one bath Ranch-style home in the past. (Bought it for $60K, sold it years later for $100K.) It’s really nothing special, and is the smallest home on the block.
A MILLION bucks? Yeesh! All of their four kids with their families are currently living in the area but they, of course, cannot afford to buy homes; all are renting. They are ALL looking to leave the state.
You sold your property at just the right time.
You made a $40K Profit!!
Winning!