Thinker101
Diamond Member
- Mar 25, 2017
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i lived in Anaheim Bri.....in 1985 we bought a 4 plex by Disneyland in a fairly nice neighborhood for $82,000....sold it 3 years ago for 820 thousand!....moved and bought a 16 year old 3 bed 2 bath,attached 2 car garage with a decent sized walled back yard,dual pained windows for 155,000 in a much better area....in California this house would be a 3-4 hundred thousand dollar house in a half assed neighborhood.....Do a search on Zillow for the city of Anaheim CA. The lowest price I saw was $485K for a 1000 sq ft townhome. They wanted $649K for a reasonable looking 1929 sq ft ranch.Wow.Watching that show I am amazed at the real estate prices in some areas.
These people believe they are getting a deal buying a 50+ year old houses under 1500sq ft for 500k to a million.
That would buy you a 5000sq ft mansion where I live. With some acreage to boot.
Glad I live where my mortgage doesn't suffocate me.
The house in question sold for almost $500,000, and it was only 1600 sq ft.
Here is an example right in my area.
https://www.zillow.com/homedetails/21231-Rum-River-Blvd-Oak-Grove-MN-55303/58762755_zpid/
Yeah, that's not what you get in California for $515,000.
First house I bought for $87,000 (850 sq. ft., 2 bd, in Lakewood), 15 years later sold it for $200,000...1 year after that houses in that neighborhood were going for $500,000. That was years ago.