Ranger, I’ve always believed in real estate. The migration to Texas has put our real estate out of reach.
We bought our home about 30 years ago. I couldn’t afford it now.
When my grandparents died, I bought their house, a 3-1.5-1 brick home from my mom, at market value, a long time back. I wanted to keep it for sentimental reasons. It’s now worth about 4 or more times what I paid for it. My grandson and his wife are living in it and paying about 1/3 what it would cost if they were paying market value, about $1,600 per month, in a one bedroom apartment.
My rural 133 acres of junk land that I bought for $455 per acre would now go for over $10,000 per acre. And, it’s nothing but trees, hills, poison oak and rocks. It has no practical value but people moving from California are looking for what I have. Not for sale. It’s my sanity place.
Dave, I've only owned my place for nine years, but apparently the value has gone up sharply. Hope a Californian ambles by with too much money burning a hole in their pocket! (Or, thinking of my good neighbors, a Texan.)
