Had some friends that bought houses in England when we lived there. First few years looked great, then interest rates soared (17 to 18 percent) the market dropped and most of them lost their proverbial shirts... Crap shoot for sure...
-- Larry Smith [email protected] On Wed July 19 2017 15:11, Robert Andrews wrote: > Parents house, bought for $75K, sold for $1.6M... Sillycon valley.. > > My first bought for $310K sold for $370 > Second bought for $280K sold for $840K ( I remodeled for 500K ) > Third put $40K down walked away in a market crash ( Denver 1998 ) > Fourth $289 now worth $450 > > It can still be a crapshoot with the messes that are out there... > > On 07/19/2017 12:17 PM, Chuck McCown wrote: > > My first house was $12,000 > > Second $40,000 > > Third $168,000 > > Fourth ... I never added it up... > > > > *From:* Steve Jones > > *Sent:* Wednesday, July 19, 2017 9:08 AM > > *To:* [email protected] > > *Subject:* Re: [AFMUG] OT wages > > > > my folks bought their house, 1500 ish square feet, with what used to be > > a blacksmith shop out back (big block structure) for 28k in the 70s. > > they picked up the neighboring property that has 2 houses on it in the > > 80s for 36k. > > I bought my house across the street, 1500ish square feet, built in the > > same timeframe, same style for 92k. > > they paid 30k less for 3 houses on two properties > > times do change > > > > On Wed, Jul 19, 2017 at 9:49 AM, Adam Moffett <[email protected]> > > wrote: > > > > __ > > My house was $70k. It's a 1500 sq ft cape. > > It was a real piece of crap when I bought it, but in good condition > > in this neighborhood it would be $120-130k. > > > > The same house in Brooklyn would be three quarters of a million no > > matter how crappy it was. > > > > It's all about where you're looking. I have no idea what things > > were like in the 70's, but surely it was still "location, location, > > location". Or no? > > > > > > ------ Original Message ------ > > From: "Cameron Crum" <[email protected]> > > To: "[email protected]" <[email protected]> > > Sent: 7/19/2017 10:24:41 AM > > Subject: Re: [AFMUG] OT wages > > > >> Wages across the board have not kept up with inflation. There > >> seemed to be a point in the mid to late 90's where wages just sort > >> of stagnated, but COL,COG, real estate, etc. kept rising. I > >> remember my father made about $55k a year as an aerospace engineer > >> back in the late 70s. Our house cost $75k. Same house now sells > >> for over $350k but I'd bet the people living in it don't make > >> somewhere near $260k. Real estate just seems unobtainable for > >> young families unless you are willing to put a lot of work into a > >> place. And I live in TX where housing is supposed to be > >> reasonable. I can't imagine what it's like in the NE or in CA. I > >> know what my brother paid for his place in the bay area and it > >> ain't nothing special. About the same size as my place in TX but > >> more than 5x on cost. I fear my kids will never be able to afford > >> real estate unless they become hedge fund managers. > >> > >> On Tue, Jul 18, 2017 at 9:08 PM, Steve Jones > >> <[email protected]> wrote: > >> > >> MIT just announced "audit" ... this is a big deal > >> Your boy will do fine, who needs buying power when your dad > >> has paydays (you still have paydays?) > >> > >> On Tue, Jul 18, 2017 at 7:07 PM, Chuck McCown > >> <[email protected]> wrote: > >> > >> One of my son’s finished his college education today. He > >> “graduated” a few months back, but had some classes to > >> finish. And part way through the summer semester he > >> discovered he still needed one more. It was RF design. > >> And it was being taught at the same time as another class > >> he needed. > >> > >> He got special permission, started two weeks late, never > >> went to a single lecture or class and still got a B. > >> > >> The kid spent part of his youth on my far-field antenna > >> test range. He certainly knew plenty of RF. > >> > >> He is going back to the same department at Hill Airforce > >> Base where he interned last summer. GS7 > >> > >> About the same pay as I got 30 years ago when leaving > >> college. > >> Seems sad that they have so much less buying power than I > >> did.
