What’s up with 10537 Moorland Heights Way, 92121?

[92027_guy]

Sorry if this is a thread hijack, but am i the only one who is amazed that house was ever sold for 226k? I know it was 95 and all, but wow that is a nice place in my opinion. I moved here from East Coast in 2003 and it didn’t surprise me those places were worth so much. Granted I have only been tracking house prices since around 2004. I was too young and dumb to care about housing back in college in 95, But what an opportunity to buy a place like that in one of the best city’s in America for mid 200s. Is 10 or 13 years so long that 226k was a lot of money for a house back then? Hard to believe. Was it the last housing bust I hear about that made it priced so low?

[92027_guy]

Double post…sorry

[92027_guy]

Double post…sorry

[92027_guy]

Double post…sorry

[92027_guy]

Double post…sorry

[92027_guy]

Double post…sorry

[Doofrat]

That was in 95 when the interest rates were about 50% higher, lending was tighter, incomes were lower and so were overall consumer prices.
Look at the historical income and consumer price data and add it up and the prices make sense back then.

[Doofrat]

That was in 95 when the interest rates were about 50% higher, lending was tighter, incomes were lower and so were overall consumer prices.
Look at the historical income and consumer price data and add it up and the prices make sense back then.

[Doofrat]

That was in 95 when the interest rates were about 50% higher, lending was tighter, incomes were lower and so were overall consumer prices.
Look at the historical income and consumer price data and add it up and the prices make sense back then.

[Doofrat]

That was in 95 when the interest rates were about 50% higher, lending was tighter, incomes were lower and so were overall consumer prices.
Look at the historical income and consumer price data and add it up and the prices make sense back then.

[Doofrat]

That was in 95 when the interest rates were about 50% higher, lending was tighter, incomes were lower and so were overall consumer prices.
Look at the historical income and consumer price data and add it up and the prices make sense back then.

[an]

226k in 95 for 2100 sq-ft house in SV is as expected. 2100 sq-ft house in CV goes for around 300k back then and 1500 sq-ft house in MM goes for around 150k at the time.

Since interest rate at the time were around 10%, you’re looking at payment of ~$2k/month for SV, ~$2600/month for CV, and $1300/month for MM house. If you reduce the interest back down to 6% like it is today, in order to achieve the same monthly payment, you’ll be looking at $350k for the SV house, $440k for the CV house, and $220k for the MM house. If you just add in 3% inflation, you might be able to guess where that # would be in today’s $. Personally, I take the monthly mortgage premium as a good measurement of how much more the high end will have to fall compare to the low end right now.

[an]

226k in 95 for 2100 sq-ft house in SV is as expected. 2100 sq-ft house in CV goes for around 300k back then and 1500 sq-ft house in MM goes for around 150k at the time.

Since interest rate at the time were around 10%, you’re looking at payment of ~$2k/month for SV, ~$2600/month for CV, and $1300/month for MM house. If you reduce the interest back down to 6% like it is today, in order to achieve the same monthly payment, you’ll be looking at $350k for the SV house, $440k for the CV house, and $220k for the MM house. If you just add in 3% inflation, you might be able to guess where that # would be in today’s $. Personally, I take the monthly mortgage premium as a good measurement of how much more the high end will have to fall compare to the low end right now.

[an]

226k in 95 for 2100 sq-ft house in SV is as expected. 2100 sq-ft house in CV goes for around 300k back then and 1500 sq-ft house in MM goes for around 150k at the time.

Since interest rate at the time were around 10%, you’re looking at payment of ~$2k/month for SV, ~$2600/month for CV, and $1300/month for MM house. If you reduce the interest back down to 6% like it is today, in order to achieve the same monthly payment, you’ll be looking at $350k for the SV house, $440k for the CV house, and $220k for the MM house. If you just add in 3% inflation, you might be able to guess where that # would be in today’s $. Personally, I take the monthly mortgage premium as a good measurement of how much more the high end will have to fall compare to the low end right now.

[an]

226k in 95 for 2100 sq-ft house in SV is as expected. 2100 sq-ft house in CV goes for around 300k back then and 1500 sq-ft house in MM goes for around 150k at the time.

Since interest rate at the time were around 10%, you’re looking at payment of ~$2k/month for SV, ~$2600/month for CV, and $1300/month for MM house. If you reduce the interest back down to 6% like it is today, in order to achieve the same monthly payment, you’ll be looking at $350k for the SV house, $440k for the CV house, and $220k for the MM house. If you just add in 3% inflation, you might be able to guess where that # would be in today’s $. Personally, I take the monthly mortgage premium as a good measurement of how much more the high end will have to fall compare to the low end right now.

[Author]

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