4 ms·
Yeah, but back in the 80's etc. houses were nowhere near as expensive as they are now.
by schnitzelstoat 4y ago
Yeah, but back in the 80's etc. houses were nowhere near as expensive as they are now.
- mariodiana 4y agoI have only one data point to go by, and that's from memory, but I'm not so sure about what you're saying. The house I grew up in is a raised ranch ("high ranch") in a suburb within easy commuting distance to Manhattan (Rockland County, NY). My parents bought the house in 1969 for $40K, which seemed high to them at the time. Right now it probably fetches $450K easily, in this arguably inflated market. But I remember conversations from the last '80s where the house was thought to fetch $350-400K. The price dropped a bit after that period, and then went back up. Maybe my memory is faulty. But I do remember a period in the "go-go" days of the waning Reagan Era where prices in that area were quite high.