Well, the insanity ain't limited to the coasts, folks.
My folks built their place in Libertyville, IL in 1951 for $5,000. When I
grew up there, it was a small, rural town, 35 miles from Chicago.
Homes on their block are now $450,000+. There are now people buying the
homes for that, knocking down the house and building new on the lot. The
cheapest new home being built in that town are $750,000+ with many for well
over a million.
Yikes.
-----Original Message-----
From owner-spridgets at autox.team.net
[mailto:owner-spridgets@autox.team.net]On Behalf Of gerard
Sent: Thursday, February 19, 2004 10:38 AM
To: RBHouston@aol.com
Cc: PilotRob@webtv.net; spridgets@autox.team.net
Subject: Re: Cost of Living...NLBS
Try finding ANYTHING in San Francisco or just about anything within a
60 mile radius for $300,000 or less! In the early 80's when I bought
my home in SF, my real estate agent caution me about "over-improving
my home because the neighborhood would never exceed $200,000. You
can't get even a small run down home for less than $500,000 and
anything decent is $650,000 to $800,000, and this isn't even one of
the "expensive" neighborhoods!
Gerard
At 10:00 AM -0500 2/19/04, RBHouston@aol.com wrote:
>In a message dated 2/19/2004 5:30:24 AM Mountain Standard Time,
>PilotRob@webtv.net writes:
>In the mid-50's, a senior American Capt.
>made around 55K. My folks built a house
>in the "country" here in Stamford in '58
>for 65K.
>
>That same airline pilot today makes
>200-250K+- (depending upon aircraft
>capacity in terms of type flown)........
>that house? Over 1 million.
>Captain...Stop any ten people on the street (not Wall St.) and have them
read
>what you wrote. $65K houses in 58 were not AVERAGE. My folks bought a
home
>in 59, for $4000, that I sold last year for $8500! See if those folks thin
>$200-250K is an average salary.
>
>Stamford is a pretty place and most of us dreamed at one time or another of
>being an airline pilot and making big bucks...but neither of these is
AVERAGE,
>by any context.
>
>Maybe I'm way off base, but then maybe I just live in the wrong part of the
>country.
>
>
>Robert Houston
>Texan in New Mexico
>73 Midget
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