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2004-05-07 Home Front: Tech

Fears that oil price is fuelling inflation

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Posted by Mark Espinola 2004-05-07 12:00:00 AM|| || Front Page|| [3 views since 2007-05-07] Top

#1 Just some insight about inflation that may be of interest to you.

In So Cal my brother, a good man, sold his 1100 sq ft home in Garden Grove, a city not far from Disneyland, a beach city tho not beach side, a stucco box in a grid of 1100 sq ft stucco boxes circa 1961 and tucked between two freeways, for $310,000. This home sold new prolly for $4597.98

He moved to an area, Lake Elsenor, many miles ESE away from the beach cities of Orange County. He bought a new 3 bdrm, 3 bath ranch in a new development for $325,000. His next door neighbor, who had been living there for less than a year put his similar house on the market and it sold for over $500,000. Now what does this mean. A home out in the distant burbs of Orange County (actually Riverside County, a place currently on fire) had an increase of value of about $200,000.

Good work if you can get it. I'm hoping that the Cal burp comes north to the Evergreen state. It has in the past. Come on ice cream.

Posted by Lucky 2004-05-07 1:19:29 AM|| 2004-05-07 1:19:29 AM|| Front Page Top

#2 Should'a brought real estate instead of Netscape. Oh well, I'll buy real estate now.

Posted by Shipman 2004-05-07 7:38:51 AM|| 2004-05-07 7:38:51 AM|| Front Page Top

#3 Lucky, it's good if you're selling, not so good if you're buying. LOL

Posted by rkb 2004-05-07 10:27:23 AM|| 2004-05-07 10:27:23 AM|| Front Page Top

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