Tuesday, September 2, 2008

How would you like to buy a home for $4,780?

When we started Staff Meeting today, Brother Lew (who celebrated his 80th birthday) shared something with us that he thought we may find interesting. While he was cleaning out some files at his house, he ran across a brochures for the homes in Landover Hills, MD when they were being built 65 years ago. Here is a picture of the brochure. The prices may be hard to see, but they are as follows:
  • For the lovely 2 bedroom cape well equipped....the sales price was $4,780.00 and the monthly payment would be $33.10 (now, one meal out at a restaurant!)
  • If you could splurge, you could go for the larger 3 bedroom colonial for $5,000.00 and the monthly payment would be $34.60.
Or...you could but one today for $250,000. Just much older and way more beat up. Are you kidding me?


hartslove said...

$250,000 today... when I was house hunting in 1995 those houses were $70,000.

Noah said...

Really?!?!? Wow! A lot has happened with our economy in 13 short years. PN