[quote=flyer]Actually, folks, my in-laws, and other family members purchased their homes in the $70K range. The homes we purchased in CV and RSF were actually more, even in the 80’s and 90’s, and we were able to do so because of a financial windfall + our great jobs, that came our way around that time.
The only reason I even brought any of this up was to make some comparisons to the market today. I realize much of it was luck and timing, and for that, I am very grateful.
I also understand exactly what TS mentioned–anything can happen![/quote]
Wow! That’s awesome they purchased so low! I truly believe that real estate is best as a LONG-TERM investment. I doubt I’ll ever see those kinds of multiples on the real estate that I own. Some have doubled but no way I’ll see the values increase X-fold like your relatives flyer.
Just out of curiosity, if you don’t mind sharing, what are the values of those properties today? How many X-fold increase have those properties have?
