Friday, August 28, 2020

The cost of houses in 1946 compared to today

 I'm reading a biography of the mystery writer, Raymond Chandler and have reached the point where he buys a house overlooking the Pacific Ocean in La Jolla, California not far from where I live. It's 1946 and he pays $40,000 for it. The bio then states that "today it is worth three times that amount." Really? That low? So I looked at when the bio had been published -- 1979. Ah. That explains it. Today (2020) it's probably worth several million dollars.

My own house, further north up the coast, cost half a million. And it's a tiny house, but it's ten minutes from the beach. And suits me just fine.

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