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Old 02-26-2007, 01:40 AM
kbldshmn kbldshmn is offline
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Join Date: Jan 2007
Location: So Cal
Posts: 82
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Nice homes. The Florida one kinda looks like something from Scarface.

But dig this, my parents' bought their home back in the late 70's for $48,000. Now, the homes in the same area are worth around $500,000, a rise of 10X in 30 years. Currently, the average home in Calif is short of $500K around $485K. So 30 years from now, using a 10X multiplier and assuming similar conditions as 30 years behind, it is possible that an average home in Calif could reach the $5 million mark
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