[quote=an][quote=svelte][quote=an][quote=svelte]
Totally bogus claim.[/quote]what development in Mira Mesa in 1987 was going for 100-105k for a 3/2 1500 sqft house?[/quote]
I can’t recall the name and I didn’t save any brochures. All I can tell you is that it was south of MM Blvd and west of Westonhill. I can’t remember any more than that.[/quote]
These are the only one that’s new around 1987 that’s 3/2 1500 sqft South of MM. 7528 Flanders Dr, San Diego, CA 92126. This one sold for 160k in 1988. So your dad was getting a crazy deal.[/quote]So svelte, did your dad end up buying the screaming deal of a house in MM in the late 80s for $100-105k? Or was it you who were looking to buy? I think that house is probably going for ~$900k today. 9X after ~35 years isn’t too shabby. Wonder if we’ll see another 9x in the next 35 years.
Rewind the clock another 12 years and a similar house was going for ~$40k. So, we’re looking at ~22X return after ~50 years. Wonder if we’ll see ~22x return in the next 50 years. Just for shit and giggles, 22x today price would be $19.8m
