[marktwain]

In 1950, my parents bought a house in West Whittier, Calif. for $7,000.

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Inflation has turned $7,000 in 1950 to $98,400 today.

Real Estate in West Whittier has exceeded the national inflation rate.

[GaltAdonis]

“… In 1950, my parents bought a house in West Whittier, Calif. for $7,000. …”

.

In 1969 my parents bought a house in Voorhees, New Jersey for $20,000.
It’s value allegedly peaked in 2006 at $360,000. Some neighbors were offered > $450K (by fools, of course).

They should have sold then, instead of taking on a reverse mortgage -
which was financially disastrous for their children’s inheritance.
(We inherited potential debt and tax liabilities - lots - so not the house…)

Voorhees, NJ - from corn, tomato and peach farmland in 1969 to home of many
athletes from Philadelphia professional sports teams in the 1990s.

But for the record, our folks provided us with a stable home and Christian upbringing and lots of love.
They gave us more than most folks get these days.

[ridesthemiles]

I BOUGHT A HOUSE IN SAN FERNANDO VALLEY IN 1966 FOR $25,250.

TODAY, EVERYTHING AROUND IT IS ASKING OVER $750,000.

GLAD I AM OUT OF CALIF.

THAT PRO.

PROPERTY was .6 OF AN ACRE. I NOW HAVE 38+ X THAT ACREAGE

CURRENT PROPERTY TAXES ARE $1025.00 NOT OVER $8,000.

MUCH LESS CRIME. QUIETER. SAFER. CHEAPER COL.