[quote=svelte][quote=an] [quote=an]
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
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My Dad didn’t buy in that year as he lived in northern California, he was visiting me as I was living on Gold Coast Drive at the time. I was wanting to buy so I showed him the “crazy” prices down here. I distinctly remember the price as $100-105K, maybe I have the square footage wrong. I’ll look at old newspapers this weekend if I get a chance as I’m sure there will be an ad – as long as 1987 newspapers are online now.
Where did you get that 7528 sold in 1988 for $160K?[/quote]
You can see any house sales history in Redfin: https://www.redfin.com/CA/San-Diego/7528-Flanders-Dr-92126/home/4591280. You gave me the spec of the house and I know exactly which area of MM was built new around that time, so it helps me narrow down to the house to search.
