[quote=SK in CV][quote=bearishgurl]
By chance, flyer is the home/land your MIL paid ~$70K for (in the thirties/forties?) the same home today that is presumably worth $2M? Or did she have it built/enlarged herself?[/quote]
I’m gonna guess it was more like the early 60’s, when the average cost of homes in SD was probably in the $20K range. $70K was an extraordinarily
expensive home then.[/quote]
You could very well be right on this, SK. flyer hasn’t gotten back to us but he has posted that he had relatives who owned homes in Sunset Cliffs and, specifically, Armada Terrace (92106). None of these properties would be “run-of-the-mill” SD properties as Armada Terrace is one of the best streets in SD (ESP the south side, with sit-down expansive views of the SD skyline from inside the homes).
I am guessing that flyer’s MIL bought it (wherever it is) in the late ’50’s/early ’60’s as a ~1400 sf 3/2/2 for $70K and today it is a ~2800 sf 4/3/2. I had several friends and co-workers back in the day who grew up in “Roseville” (92106) (facing east or west and not quite high enough for a view of dtn) and KNOW their parents paid $40-$50K in the same time frame for 1700-2000 sf homes. Their locations were very much inferior to Armada Terrace (using that street for an example).
Everyone is forgetting that the “downtown skyline” from La Playa back then consisted of 2-4 quonset huts, sailboats (on nice days), at least one aircraft carrier and maybe TWO six-story bldgs and the Coronado Ferry moving back and forth in “Dtn SD” in the distance. The interior of the foot of PL (now Naval Sub Base SD) had just been taken over by the Navy and was still dirt :=0
These folks living on AT, for example, didn’t have a ~$300K? “sit-down view” like they (apparently) do today. There was no Harbor or Shelter Island or Coronado Bridge. SD was a “sleepy town” and that’s the way its residents liked it 🙂
Even as late as ’94, when I was looking for fixers in the area, a sit-down view was worth $100k – $150K. Now it seems a view from that same angle could command ~$300K. I’m surmising this is due to the further development of dtn SD since then.
Yes, the “run-of-the-mill” 1400-1500 sf homes in the Serra Mesas and (non-rim) Normal Heights of the world cost ~$20K back then.
