Car of the day:
1967 Chevelle I thought this was a Beauty
So for today:
I have been associated
with Real Estate for many years. I have (NOT) correctly predicted
down turns in the market, but I Knew they were coming. Now (I say facetiously) for sure(!) there is an
indicator; out in California on the last coast, Beyounce and J-Z have bought a
house for almost nothing. Valued at $295 million they bought the house for a paltry
$200 million. Now admittedly that is still the most a house in California has
ever sold for, it still shows they bought at 2/3’s the value. Ah ha! Who doesn’t
like a 33% off sale?
Now if that holds
true that means the seller of a house that is listed for $300k will most likely
take a smaller $200K if offered.
OKAY the above is not always the case! It is just the
thoughts I had when I saw the headlines that $200 million was the most a house
in California had ever sold for, it was hard for me to believe. I thought that as many rich celebrities as
there are in Hollywood that many would have paid more than that. Oh well, I guess I don’t think well when the
price of a house is over $90K.
As a builder, the price
of the costliest house we ever had was in the $150K range. Smiling now, Sherry
and I paid $3000.00 for our first house. I talked to a wealthy mill owner once.
He told me that in 1954-55 he built his 1200 sqft brick home for $500.
It is amazing how
inflation has increased costs. Of course wages lag the increase putting many
folks in dire straits. It is hard for us older folks to wrap our minds around
$, costs, prices etc. I have said to my sweetheart many times lately (leaving a
grocery store) "I would hate to be buying groceries with a family of 4, how do
folks do it now?"
When we were first married in 1956 our budget called for less than $20 a month for groceries. Of course, at the time, my monthly pay was $78.00, ;-) I have a Grand son that earns that in 3 hours, another in 2 hours then one that earns that in one hour. Things do change!!!!
I am sure we all
remember when things were more affordable. I am sure glad love is still
affordable! ;-)
Thank everyone of you that takes the time to read this drivil. I do appreciate it.
Nite Shipslog
PS:
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5 comments:
When my Jack was still in Chiropractic college I was the wage earner. We had a baby that was born premature. Lots of bills but we got it done. Our food budget was $25 a week. We could have qualified for food stamps. I refused to do that and we just were very careful about what we bought and somehow we made it. Times now are different. There's no shame with government help and I know there are cases where it's a life saver. Prices are crazy in everything! I'm just always thankful for what I have now and for the lessons learned to work hard and save and make do with what we have.
The prices of everything from food to gas to cars to rent is crazy. If you're not a two paycheck household I just don't know how some of these young families are managing. We are at a comfortable place in our lives now financially so we are fortunate but I know a lot of people can't say that. I feel for them. And yes, sure glad love is affordable. More than affordable, it's free. LOL PS Beyonce in my opinion is very overrated.
Over here too, prices of everything are going up. It's getting difficult for a lot of people.
God bless.
Thanks for the shout-out, Jack. I love your taste in music!
Funny, Tom and I were talking about that very thing yesterday. First, a new Corvette passed and he remarked they're selling for $90k. $15,000 more than what I paid for my condo in Tarpon Springs back in 2000! Then, a few hours later NBC National News was broadcasting from Florida, featuring the increasing cost of Florida real estate; so many people unable to afford a place to live. Sad!!!
I do remember buying $20 dollars of groceries a week and we ate very well. Things were definitely cheaper then than they are now. Our first house cost $10,000.00 now you can't even buy a car for that. But things are all relative. We made less money then too.My husband and I together never made as much as our children do now. We make more, we pay out more. That is the truth.
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