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Old 04-08-2016, 09:00 PM
 
4,369 posts, read 3,723,819 times
Reputation: 2479

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This describes the Bay Area to a T.

Last edited by Perma Bear; 04-08-2016 at 09:09 PM..
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Old 04-08-2016, 09:14 PM
 
Location: Silicon Valley
18,813 posts, read 32,505,733 times
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"Too bad our kids will get the money, since we're already dead."
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Old 04-08-2016, 09:15 PM
 
4,369 posts, read 3,723,819 times
Reputation: 2479
Quote:
Originally Posted by NoMoreSnowForMe View Post
"Too bad our kids will get the money, since we're already dead."
Deals like that weren't in the 1930s. Plenty of couples from the early 60s/late 50s are still kicking.
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Old 04-08-2016, 09:44 PM
 
Location: Bordentown
1,705 posts, read 1,600,956 times
Reputation: 2533
Quote:
Originally Posted by NoMoreSnowForMe View Post
"Too bad our kids will get the money, since we're already dead."
Well, no.. in places with very high residential taxes (like NJ), people who've had homes passed down generation to generation lost them to foreclosure because they couldn't afford the taxes on it... I wouldn't say they "got the money". They lost it to the state. I wonder if California will head in that direction, eventually. If they voted to do away with the 1% residential tax cap (Prop 13), then the Bay Area and LA will be screwed for sure.
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Old 04-09-2016, 09:18 AM
 
Location: Silicon Valley
18,813 posts, read 32,505,733 times
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Actually, the money will probably go to take care of them in assisted living. That's where my mom is and all of her equity.

Plus, what was the salary of the couple in the car? Wonder if there was even a minimum wage. I know the minimum wage when I was 16, in 1972 was $1.10.

What is the point of talking about how much property was back in the 1950's?
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Old 04-09-2016, 09:27 AM
 
520 posts, read 611,525 times
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Quote:
Originally Posted by NoMoreSnowForMe View Post
Actually, the money will probably go to take care of them in assisted living. That's where my mom is and all of her equity.

Plus, what was the salary of the couple in the car? Wonder if there was even a minimum wage. I know the minimum wage when I was 16, in 1972 was $1.10.

What is the point of talking about how much property was back in the 1950's?
This says the minimum wage in 1972 was $1.60. Maybe it was lower for teenagers? History of Minimum Wage - From 1894 to Present Time
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Old 04-09-2016, 09:33 AM
 
Location: Silicon Valley
18,813 posts, read 32,505,733 times
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Quote:
Originally Posted by smashystyle View Post
This says the minimum wage in 1972 was $1.60. Maybe it was lower for teenagers? History of Minimum Wage - From 1894 to Present Time
I worked for a fabric store in San Leandro in the back room taking apart fabric remnants. Maybe it had to do with my age or with not dealing with the public, but that was my first job besides babysitting, and I was paid $1.10/hour.

I remember when it went up to $1.35/hour while I was in high school.

So, were you unable to understand my point? Or shall we derail the thread to discuss whether or not I remember my salary correctly in 1972?
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Old 04-09-2016, 01:23 PM
 
1,021 posts, read 1,665,200 times
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Grandparents bought home in Fremont for $16k in 1964 now worth $1.1 million. insane
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Old 04-09-2016, 02:14 PM
 
4,369 posts, read 3,723,819 times
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Quote:
Originally Posted by justinbro2002 View Post
Grandparents bought home in Fremont for $16k in 1964 now worth $1.1 million. insane
My picture speaks volumes
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Old 04-09-2016, 02:21 PM
 
1,156 posts, read 987,210 times
Reputation: 1260
Most likely the house was less than 1,000 sf if your picture is meant to depict the 40s or 50s.
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