[quote=svelte]It looks as though SD Union and SD Tribune have taken their newspaper archives off of the normal archive sites and are hawking them on their own site at very high prices that I’m not willing to pay. If/when they make the prices reasonable, I’ll search the archives.
In the meantime, here is what I’ve found:
1986:
$99K – 10576 Giffin Way, San Diego, CA 92126, 1378 SF
$114K – 10596 Giffin Way, San Diego, CA 92126, 1366 SF
$119K – 10596 Giffin Way, San Diego, CA 92126, 1366 SF
$119K – 10544 Bandell Ct, San Diego, CA 92126, 1366 SF
1988:
$129K – 10546 Darwell Ct, San Diego, CA 92126, 1008 SF
$129K – 10546 Darwell Ct, San Diego, CA 92126 1008 SF
$141K – 10526 Darwell Ct, San Diego, CA 92126 1500 SF
1997:
$160K – 10583 Giffin Way, San Diego, CA 92126 1284 SF
1999:
$145K – 7672 Adkins Way, San Diego, CA 92126 1008 SF
I would imagine what happened is that in 1987, we walked into a model and they had some unit that wasn’t selling that they were offering for $100-105K. That isn’t unreasonable given the $99K sales price above in 1986. It is right in line.
The $160K sales price you show for 1988 sounds really high actually.
Let’s go back to why I made the statement I made originally: you had said that houses went up 10x in the 1970s. If MM houses were selling for $120K in 1986, what you must be saying is houses were selling for $12K in 1970 and went up zero between 1980 and 1986. Neither of which is believable.[/quote]Model match base on what you posted was 10576 Giffin Way and 10526 Darwell Ct. So, 99k to $141k. So, we’re looking at $40k appreciation in 2 years or ~40%.
The $160k is not high because that development is much better. A 1500 sq-ft 3/2 house is much better than a 1200 sq-ft 3/2 or a 1300 sq-ft 4/2. Different development.
As for my original statement of 10X, already conceded that 10x was an over estimation. Small 4/2 in MM were going for ~$40k and not $16k in the mid 70s, so it’s ~4x and not 10X. But, you were pointing out that stocks were crashing in the 70s, insinuating that housing did too. So, although it did not increase 10x, it did increase 4x. If you only count the gain from the down payment, for a $40k house with 20% down, you’d down $8k. 10 years later, the same house is $120-160k, then you’d gain ~10x-15x on your $8k down payment.
