Another Dude Who Wants to Die in His House
Posted by admin on May 19, 2011 in Property in Bay Area | 6 comments
Here’s a piece from a blog that covers many things San Francisco, but not necessarily real estate. What caught my eye was a few familiar themes.
There’s been lots of articles in the paper recently about owning a home being a bad thing. I was always scratching my head about this until I realized I’m one of the few people left that was born and raised in San Francisco and is STILL HERE. Most of the people you’ll find in San Francisco are lucky to have lived here for twenty years at most, so it’s time I gave you a little history lesson about San Francisco real estate.
Now for most people here they don’t remember the time when a house was affordable because they aren’t, well, old like me. I was born in 1962 and my parents had bought their four bedroom house in the Sunset in 1954 for a whopping $18,300. Yes, you saw that right, there isn’t a couple of extra zeros on that number. The builders, McKewan Construction were asking $23,500 and my parents underbid the asking price and got it. The early 50′s was a buyer’s market.
Head on over and check it out, it’s not a very long piece but manages to hit most of the Heavy Hitters of the Real Bay Area:
- Prop 13 is awesome, because
- You should have bought 35 years ago
- My parents were smart about real estate
- It’s Special Here, and if you don’t see this
- You’re Not From Around Here
- I Intend to Die in This House
And this dude is younger than I am. He sounds like my grandfather:
I used to hate the crotchety old guys who would sit out in front of their houses in a lounge chair watering their lawns talking about why, I remember back when we… fill in the snide comment of your choice. I want to be that guy when I’m in my 70′s.