Quote:
Originally Posted by FISH11
A kayak would be nice. What would be really great is to have been there then and smart enough to buy some of that available land in LJ.
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BUYING LAND. I love this stuff... after some quick research I found this (not exactly La Jolla but you get the idea):
"4669 East Talmadge Drive and, by the end of March, May and Miracle sold the house to Ridy and William Lindstrom for $9,500"
What is this home worth today? maybe a cool $1m?
http://www.trulia.com/homes/Californ...Diego-CA-92116
so what is $9500 in today's dollars back in 1931? In
2015, the relative value of
$9,500.00 from
1931 ranges from
$122,000.00 to
$2,200,000.00. (according to
https://www.measuringworth.com/uscom...ativevalue.php)
so buying cheap in San Diego in 1931 was still pretty damn expensive. I noticed you could be a home in Mansfield OH for half that price at this time.
http://www.thepeoplehistory.com/30s-homes.html
bottom line...I need to get out more AND IMHO Real Estate is a fine asset that will protect you from the decline/collapse of fiat currency.