Quote:
Originally Posted by Skid Row Joe
I was citing a real example - not theory or what ifs, as some here are doing. Rosey projections are just that - theory.
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So was I, guy -- some real estate has vastly changed in value since the 80s. I know someone whose father bought a house near the Pratt Institute in Brooklyn for $100k (so about $25k down) in the early 80s. It's now worth over $1MM. Similarly, I personally know someone who did the same in southeastern DC near the Marine barracks.
The house that my family had at the Jersey Shore was picked up for about half that amount in the 80s, and is easily worth $500k today.