Showing posts with label Raymond Chandler. Show all posts
Showing posts with label Raymond Chandler. Show all posts

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.