@kimmaicutler My family moved to Palo Alto in 1977, bought in late '76 an Eichler 4BR/2BA for $89K (IIRC) ... sold in 2007 for 1.6M. @pmarca
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@kimmaicutler Confounders: late '70s/very-early-80s secular inflation. Dotcom and post-2002 R.E. bubbles.@pmarca - 3 more replies
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@kimmaicutler That's true for California generally. Prop 13 was late 1970s. -
@JedKolko Price inflation preceded (and was a reason) for Prop. 13. - 4 more replies
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@kimmaicutler I bought my first home (condo) in what is now Nopa in 1994 b/c I couldn't afford Palo Alto. SF was a steal then -
@tolles@kimmaicutler In 1996, I saw a $425K home that was $30K in 1970 (26 years). In 2015, $2.5MM (19 years). Log scale linear? - 2 more replies
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@kimmaicutler I came here to gauge prices in 1997 and thought my salary + deposit would easily cover a home. Buying in 1999 much harderThanks. Twitter will use this to make your timeline better. UndoUndo
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@kimmaicutler@pmarca How many#chinese millionaires were buying crap shacks for $millions in the '70s?Thanks. Twitter will use this to make your timeline better. UndoUndo
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@kimmaicutler ya, with the passage of prop 13Thanks. Twitter will use this to make your timeline better. UndoUndo
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