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I don’t think anyone back then could have imagined property values going from say, 30,000 to 3,000,000. Can you imagine it now? Could we ever reach the $10 mil
by beamatronic 7y ago
I don’t think anyone back then could have imagined property values going from say, 30,000 to 3,000,000.
Can you imagine it now? Could we ever reach the $10 million mark for a single family Bay Area home?
That’s the kind of leap you’d be asking them to make if you went back 40 years or so.
- inferiorhuman 7y agoI don’t think anyone back then could have imagined property values going from say, 30,000 to 3,000,000. Prop 13 was sold to the voters on a "granny is losing her home because of skyrocketing property taxes" argument. So, yes, I think that a 100x increase in value was predictable. And, yes, I could see $10 million homes becoming the norm within my lifetime.