-Caveat Lector-
Same for me. My parents bought our home in 1955 for $20,000. My mother still
lives there (only the SECOND house she's ever lived in!). When my father
died three years ago, she had the house appraised...it came in at $250,000.
And that is the MEDIAN home value for that township! Sure, some of that
increase is inflation, but an awful lot is real-estate speculation...
> -----Original Message-----
> From: Dano [SMTP:[EMAIL PROTECTED]]
> Sent: Thursday, October 28, 1999 6:54 PM
> To: [EMAIL PROTECTED]
> Subject: Re: [CTRL] Tales of the Underclass
>
> -Caveat Lector-
>
> Das GOAT wrote:
> >
> > In most American cities, a large percentage of the working poor
> > see most of their income go into the hands of real estate speculator
> > landlords. In San Francisco, yours truly has to work 40 hours a week
> > at a very demanding high-stress, "above-average" pay job just to be
> > able --with not one penny left over--.to pay my RENT, for a modest
> > studio apartment in a bad neighborhood. (My wife has to do the same so
> > that we can EAT as well.)
>
> "...the banks and corporations that will grow up around them will
> deprive
> the people of all property until their children wake up homeless on
> the continent their fathers conquered." --Thomas Jefferson
>
> In October 1967, my dad bought a single family home for $19,500.
> This month, that house sold for $230,000. The point is
> I can not afford to live in the neighborhood in which I grew up.
>
>
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