Posted on 08/25/2024 10:39:48 AM PDT by SeekAndFind
When I was growing up the minimum wage was 85 cents an hour and a new Caddy was $3,500. Nothing has actually changed.
Unfortunately I had no stock options—just wages.
The numbers in CA just did not work for me.
More a measurement of inflation than home values.
Family in San Diego, CA have a nice enough house, 3 beds one bath but no yard and the house is smaller than ours.
Appraises at over a Million - which astounds them both, LOL!
“trailers”
There was an article on Smartnews about people in Glastonbury in England living what the Brits call caravans.
There was a time when Britain was mainly working class with class.
There was a time when Britain was mainly working class with class.
Indeed the price of socialism comes with a very high cost.
Have a few friends that moved from there for that exact reason.
“In case you missed it, powerful New York Congressman Charlie Rangel has been hoarding four apartments in Harlem’s Lenox Terrace. Coincidently (perhaps not so coincidently) Lennox Terrace is the same building where New York’s Governor Patterson, Patterson’s father, former Manhattan Borough President, Percy E. Sutton, and Rangel’s Cheif of Staff, Jim Capel hoard rent-controlled (ahem, Rent Stabilized as it’s referred to by NY politicians) apartments.”
https://www.marketurbanism.com/2008/07/14/congressman-rangel-4-rent-controlled-apartments/
in many cases it is the land the home is sitting on that is worth most of the value, not the home itself.
As my great grandfather used to say.. land... they ain’t making more of it!
Location! Location! Location!
Thanks for context. I wish everyone would put the state on their profile page so when we have these discussions we could see if it applies to our neck of the woods.
My house is paid for but I’m living on SS. As my taxes keep rising, my discretionary money has decreased to the point of I’m just getting by. I can’t sell because everything else is absurdly high. If I moved to a cheaper locale (out in the sticks), medical is too far away.
You took the words right off my keyboard.
Perhaps to those to whom it means something and are willing to pay for it.
Otherwise, beanie babies and baseball cards may have value to collectors who are willing to pay for it, but what are they actually worth in production costs?
Not a lot.
First job made $1.50 an hour..
Currently make $1.50 a minute ($90 an hour)...
Folks complaining it ain’t their Grandparents’ 10 cent Coke and Nickel Hershey’s are living in the past...
But Social Security threads will bring out the best..
They think i grew up on a different planet.
But how much is a million now worth?
“But only for tax purposes.”
To that end one can safely bet that any taxing entity that depends on property evaluations is working hard to drive those evaluations up as often as it legally can. They are hedging their bets against the very likely-hood that any successful PDJT plan to curb inflation and get capitalistic competition back in play is going to kill property values. Your school district may say you live in a $600,000 home but if no one offers over $450,000 and you take it, the school district has to take $150,000 off the tax rolls and decrease their estimated tax revenue by the resulting change.
Heh-heh ... too bad, so sad.
“Mission Viejo” was presumably named because of Old Mission San Juan Capistrano being nearby. But whoever coined the name didn’t know Spanish. “Mision” in Spanish is feminine—”viejo” is masculine.
West Virginia is the cheapest real estate market in the country.
I think Indiana and Kentucky are next cheapest.
I bought my first house in 1990 for $82,000 and today the estimated value is $462,000.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.