If you were lucky enough to be in a hot market… I’m originally from the Bay Area, as were my parents, and the family who still live there are sitting on valuab

If you were lucky enough to be in a hot market… I’m originally from the Bay Area, as were my parents, and the family who still live there are sitting on valuable houses. My dad’s parents bought a house in San Jose in the ‘50s, my uncle’s wife ultimately ended up with it an sold it for multi-millions. My step father’s mother has a house in San Leandro that was bought in the ‘50s and is worth maybe $700k — maybe, totally guessing here. Other family left the Bay Area over the years and bought houses which are nowhere near as valuable because the local markets don’t support that kind of price increases. In ‘90-91 my stepdad’s work closed and some of the people transferred to South Carolina where they bought literal mansions from the difference in housing prices between the Bay Area. A few years later that place closed and they couldn’t sell their houses because nobody could afford them in the local market. Long story short, it depends.