The oldest sale I could easily find was 1988, when it sold for $338,000 or about $956,400 today. In 1960 when it was built it likely sold for $15,000 and $22,000 so about $249,077 today. So from 1960 to 1988 it increased by 3.84x and from 1988 to now it increased by 3.16x. Wages increased by around 5.2x from 1960 to 1990 and about 2.4x from 1990 to 2025. In 1988 the house was 10.5x the average American families gross annual income. In 1960 it was 3.9x the income and today it’s 36x the average American families gross annual income. I didn’t really account for the area so the last part should really be done for California. Even today it’s not fair to lump in the economics of somewhere like West Virginia or Mississippi with California. Either way it’s probably more accurate to use the median instead of average.
San Jose is not considered Southern California. It is Silicon Valley.
visits silicon valley
no silicon in sight
mfw
Its all under the skin
Updated
$3M for 1,300sqft (120m²)…
Some loud Boomers aren’t all Boomers. There are so many I know who still need to work as they can to cover rent.
Not all boomers! 🤣🤣🤣
probably not most of them.
You still can! You just gotta really lower your standards for what a “house” is
Yup. I’m down with a toy hauler rv (If I decay much more I’ll need a ramp) and my favorite apartment was 500 square feet. I found a decent plot of undeveloped land near where I want to retire. An rv could get us started, and we can use our camping gear for an extra “indoors” room.
Can you legally live in an RV there? i have some vacant rural land, but the county laws dont allow camping or RVs. They also ban structures until you build a dwelling of at least a certain size.
Not even allowed to be poor on your own land
it’s out in farm country. If they outlawed RVs, they’d be fucking over their labor force (at least where I am, half the folk in the migrant camp are in RVs, half are in modular homes).
that doesn’t mean i wouldn’t put it past them, but they grow better food there than we do here, and it’s just a couple hundred miles.
Are the RVs the only domiciles on the land? Here we can placr an RV after we build a house
At first it would be, since it’s undeveloped land. No electric, no water. All the neighboring lots are developed, so idk what’s wrong with the land that it’s so cheap
Home Depot special.
Who knows all of these boomers scolding anyone? I’ve never heard one say that. Do I only know or am I only related to nice boomers?
- It’s corporations buying up all of the extra housing
- It’s price fixing the rentals and housing through software they bought up.
You have nice boomers. Mine understand the inherent changes in the market since they were our age, but they still blame us for not doing what they did.
There’s a middle ground somewhere between the extremes… I was lucky that I got out of school at a still good time. But it still took sacrifice to get what you wanted.
Like sometimes I was cutting mold off the bread to make a sandwich for work, and only home cooked food, and no budget for entertainmentn expenses. It got us a two bedroom house for the, baby, plus car and motorcycle. That was on one salary, but I realize that ain’t happening today.
But also I have seen family members of the young generation order a smoothy on skip, purchase $300 concert tickets, while racking up debt…while complaining of cost of living.
They aren’t getting a 2 bedroom house on one salary with 5% down, but they certainly could be saving for one by making some spending adjustments.
yeah i don’t have any realistic way of saving the 20% down they want before i die.
And if that is the situation, at least skip some pleasantries and contribute to a fund that has growth so you can afford rent later in life. That’s the issue I see, people will get to 65 and have a tiny government pension that won’t cover groceries and such, let alone rent
Oh yeah, we’ve got one of the best government plans still available since my wife is a teacher and I’m fancy. We were a touch late for pensions (defined benefit), but we are right in time for defined contribution. Hoping we can use the money/die before it bottoms out
You ever see the prices for a condo in the bay area? Its just as much as a house in some instances
My friend’s monthly condo HOA fees in Mountain View are more than I used to pay on rent.
I mean it’s mountain view. Could be worse, could be redwood city. Either way they get to eat at los gallos, one of the best taco huts in the bay
Every time I’m back there I stop at El Chacho. I’ll check out Los Gallos in a few weeks.
ooo, i haven’t been to el chacho. that might be dinner/midnight snack on the way home from the garlic festival
La Victoria’s famous orange sauce and a carne asada burrito
Oh damn I forgot about that orange sauce
Wait they have a location? THANK YOU we all use la victoria salsa on tacos here. I haven’t been able to find green hot since 2020
Hey! This is in California, which means it’s in the communist demoncrats turf. You need to move to Goshen Hole , Iowa, that’s where you can get a house for a more affordable price, and not be able to continue working in your career.
They’ll pay you to move to South Dakota, but you know, you have to live there
I love the badlands so like if I didn’t love where I live I’d consider it
Fuck me dead that is not a three million dollar house.
The expense is land. Often, land location matters more in pricing than what’s on the land.
Asking 2 got 3. Did a corporation buy that?
Housing crash when?
At this point, not without a bloody upheaval.
Not that I’m encouraging that. It sounds horrible. But still.
Right next to cupertino. It’s a $120k house on a $2.9million dollar lot
Kill capitalists… I mean…ism…
“Just learn to kiss some ass. That man has the power to fire you! When he says come in on Saturday, show up on Sunday also too!”
– My Silent Gen parents, every goddamn day
Where did a boomer say that?
They all say that.
Those asshole grandparents, they all hate you.
So I guess no one said it too you.
