>>>Yep, yet we consider our housing prices out of control, and some of them are. What I find really out of whack is that very few builders are building 'starter homes' any more so houses that those 1000-1200 sq ft houses that used to sell in the mid-70's to mid-90's (thousand dollars) are now well into the 130's. Another reason why younger folk can't afford to buy a house.
>>>
>>>I do not recall ever being able to buy a home for $1000 and my father was a realtor. Also, my first husband and I bought a starter home in the mid 1970's and I can assure you that it cost a lot more that $1000. Several years later, after I left him, I bought my own starter home in 1989 and it cost me $75,900. Where on earth did you get this $1000 figure from?
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>>You misread what Dorris wrote. She mentioned 1000-1200 sq. ft. and said they used to sell "in the mid-70's to mid-90's (thousand dollars)."
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>>FWIW, in 1961, my parents bought a 3-story, 5-bedroom house on a third of an acre (empty side lot and land went back to the street behind) in Philly (in a neighborhood on the outer edge of the city) for $23,000.
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>>Tamar
>
>Yep.
>We bought a starter house on Long Island around that time (3 BR)
>It's a safe bet that the current annual real estate tax bill for that house is close to or higher than what we paid for it.

When I bought my first house it cost about the same as my wifes and my salary combined (about £28000) that was also my first job.

Same house sold last year for £260000. What sort of first job would you need now to match that price.