Evening seniors. do you remember or know the cost of your parents first houses ?

Question

and what they are worth now today ?

when i was a tot in 1958, my mom and dad bought there house for 5000 $ . today that same house is listed for 150.000 .

there 2nd house cost 22,000 $ , and just sold for 175.000 $.

amazing the rise of real estate and i bet they wish they had hung onto it longer . lol .

how about your memories on this if you'd like to share . thanks . d.

Answer 1

My parents bought a 2-bedroom  frame house in Waco, Texas in 1953 for $8,000.  I'd guess that by now, it would be worth about $75,000 in Waco's market.

They built a 3-bedroom brick home (also in Waco) in 1966 for just under $16,000 - today it would be worth at least $100,000 - even in Waco's market!

Answer 2

I have no clue as to what my parents house cost as they built it their self back in 1950. It is a 3 bedroom, 1 bathroom house setting on 2 acres of land that they paid $2,000.00 for. They paid for it as they built it and they still live in that same house to this day. I have no clue as to what it is worth today.

My parents also bought a 3 bedroom house on one acre of land next to our (their) land and paid over $20,000.00 for it over 20 years ago. My nephew is living in it. I have no clue as to what it is worth now either.

Answer 3

My parents farm in 1943 was $3,500. for 80 acres.  Barn & house, no electricity, no running water, only an outhouse & woodshed.  He gave my oldest brother a deal in 1968, $48,000. lock, stock, & barrel.  (new pole shed, added onto barn with pipeline, running water, electricity, indoor plumbing in house, machinery, & cattle, plus another 80 acre farm with house, pole shed, & barn).  My sister-in-law from the big city bancrupted it(built a new milking palor barn, partied, traveled, & didn't pay taxes) in 1990.  Their oldest daughter now has the farm, don't know what she paid for it.  For the area, it should be in the 300 thousand dollar range.          

Answer 4

My bought their first house a month before I graduated high school (I'm an only-child).  They paid $40K in 1972.  It would probably sell for $300K today.

Answer 5

I cannot remember exactly, but i seem to remember my dad bought a farm in the country for around 600.00. This wass in 1930. My first house in 1946 cost me 2000.00 dollars with 4 acres of land. My payments were 21.00 a month.  I CAN remember my folks paying 3.00 a mo. rent in ONE farmhouse. No electricity out there, no running water, toilet was 100 ft from house. They piled horse manure around the base of the house in the winter to help keep it warm. NO KIDDING.   Life was good back then.  

Answer 6

In 1946,when i started to school in the 1st grade,my dad bought a house,with no bathroom. WE had to still use an out house(FUN) and take our baths in the good old zinc tub setting on the kitchen floor,and heat the water on the stove& those old water heaters you plugged in & set one end in the water. No fun when visitors popped in !Don't know what he paid for it.,or sold it for.

Answer 7

It's not amazing. Used to be able to buy a new car in 1950 for $1,000. The same Chevy will cost $21,000. It's called inflation.

The dollar fifty years ago was worth a dollar, today a dollar is NOT backed by silver (which it used to be), it's only worth about ten cents.  

Answer 8

I don't know what they paid for the house but my parents sold a small two story three bedroom house with a huge backyard in Conn. for $3,000. back in 1959. They thought they made a good deal.

My parents bought another house in Cal. in 1967 for $17,500.

My mom sold that house in 1990 for something like $175,000.

Answer 9

I sure do. They bought a newly built two bedroom ranch style home in 1955. They purchased the home for $8500.00. I remember my dad saying how overwhelming that purchase was, and he wondered if he would ever get it paid off. He made his last payment in the 1970s. In 1963 they built an extra room on and a garage. At 84 yrs old, he still lives in the same home. It would probably sell for 70-80,000 today.

Answer 10

Parents paid $15,000 in the 60's and sold for $100,000 in late 90's.

My first house 2,000 sq. ft. was $17,900 in the early 70's. Second house was $27,000 in the late 70's. But at that time had a bradn new Monte Carlo all tricked out and paid $5,200. That was high but it was the only one for hundreds of miles that had all the features we wanted.

Answer 11

No but I bought a house in 1958 for 30,000 dollars and it is now for sale for $1,050,000. Not by me though, I moved on several years ago. Am I sad, no. I bought another with the cash out and saved the rest.

Answer 12

      My Grandmother paid $600.00 for her three story home in North Minneapolis, she rented the two stories for $14.00 a month apiece. That was in 1918.

      My Mom and Dad bought a home in North Brooklyn Center, outside Minneapolis in 1950, they paid $14,000.00 for one acre, it had seven apple trees and about four plum trees. A very nice, much wanted lot. A four bedroom home. They sold it in 1960 for $35,00.00 with few upgrades. It resold in 1983 for $185,000.00.

      My father owned lake property, a 3/4 mile of lake property. He sold lots off and on since 1950 for $6.00 a foot. My sister inherited the property plus she bought the next mile of lake shore and made it a natural heritage for wildlife. It's value is $1100.00 a lake foot, she ownes two miles of lakeshore. We come  and go but, cannot build. Her kids and Grand kids do the same, her Great grand kids can sell if they so wish.

Answer 13

Don't know what my parents bought and sold their house(s) for.  The first house my wife and I bought (1963) cost $13,500 and was 917 sq. ft.  Sold it 14 years later for $50,000 and it was over 1600 sq. ft. then.  

Answer 14

In 1955 my parent bought a home in southern Calif. for $8,000.  Pretty nice house.  Last I heard it sold for about $37,000 In the late 60s.  I don't know what's it's worth now.  My dad added a full length porch, a laundry room, turned the garage into two more rooms and built a new garage and driveway.

Answer 15

My parents first house cost $1200.00 in 1937.

The second one was $14,500.00 in '58, my sisters still live there and it's valued at about $123,000.00 now. The first house was torn down to build a highway across the land.

Answer 16

My grandparents bought their home in San Francisco around 1930 for about 6k. That same home is now worth between 900k - 1 million although it sold many years ago.

Answer 17

My mother bought hers for about $1.000. It was a little row house. I found the papers when she died. My first one was $10,000.. The last one I bought was $75,000 & sold for over $200,000. Unfortunately,because of a bad divorce, I let it go into foreclosure on purpose because half of nothing is nothing. (I was the bread-winner)

Answer 18

My Mom and Dad's first house cost $3,500.00. It was a brand new brick home with 2 bedrooms, 1 bath, living room, kitchen  and dinette. We had an enclosed back porch and a front porch. Full basement and a detached one car garage. It was built on 1 acre of land. It was a custom built home that a man had built for him and his soon to be wife but the woman backed out or the wedding and ended the relationship and he didn't want to live in the house by himself so he sold it to my parents. They moved into the house in 1945 and I was born in 1946.  We lived in that house until I was 11 and then we moved to a bigger home.  

Answer 19

My Aunt and Uncle in the 1930s during the depression paid $2,000 for a 3 bedroom, 1 bath and detached garage. 30 yrs. (1960s) they sold it for $10,000 but they had given it a lot of TLC. 1955 my parents paid $20,000 for a new 3 bedroom. Sold 40 yrs. later for $75,000 in 1995. Compare with today's inflated housing prices. No wonder the bottom is falling out of the housing market.

Answer 20

In 1942 my parents bought  a new four room house for $4,200. In 1965,12 years after we started renting it, we bought our six room house, built in 1905 for $8,500. I have no idea what  either would be worth in today's market

Answer 21

In 1946 my folks bought a farm that had a nice modern house on it and good out buildings. They paid $12,000.00 for it.

It has been through several owners since then but it sold a few years ago for $90,000.00. It is still just about like it was when we lived there from 1946 until 1956.

Answer 22

I don't know how much the first house my parent's bought was but the one they bought 20 years ago cost them £60,000. Today the same house is valued at £300,000. This may seem like a large amount but everything is a lot more expensive in the UK.

Answer 23

If only we had known how expensive properties would become ! My parents bought their block for about $40  about 1950. It was about 1 hour's walk to the city. With the help of the community they built a 3 roomed wooden temporary that we lived in for 10 years. Even wooden houses in this area sell for over $300,000 these days. there are no blocks available except unit blocks about 1/3 of the size and selling for over 100.000. Wages in those times were very low but it still does not compare with the price of blocks today and the location. They used bicycles to travel to work.

Answer 24

1950 my parents bought 2 1/2 acres and built a house, 3 bedrooms, 1 bath, eat in kitchen and living room, all for the grand total of $2000.00. Would now sell for $790,000.00 in the wine country of California. In 1962 we bought a house in what is now Silicon Valley for $16,300.00, and if we were to sell it now it would go for $850,000.00. Positively ridiculous.

Answer 25

I was raised to age 14 in a family home.  When I was 14, in '61, my parents bought a 4-br, 2-ba home for $36,500.  Guessing it's worth about $250-300k now.

Answer 26

In 1960 my folks bought a "renovator's dream" which had a nice view, for 12,000 pounds ( about $20,000). Last year after my mother died we sold it for $1.2 million. Not a bad mark-up !  Every night I look at their photograph and say "thank you !".

Answer 27

Dizz,  back in the mid-1960's my husband and I bought our first house - in Buffalo, NY - it cost  $18,595!   We had to put $165.00 down and the payments were $84.10 a month.   My husband almost had a heart attack over it - he had never been in debt before and hated the idea of owing so much money - recently that same house (according to a friend up there) sold for $395,000.00 - WOW!

CJ

Answer 28

in 1950 my dad bought a little house on the edge of town (4 rooms) no running water/sewer and a gmc panel truck (for those that remember the little panel trucks) for 4500 dollars -- he got that for selling off the farm!!!  in 1970 i bought a track home 3 bedroom two bath den etc brick for 24.5K  -- just think you can not touch most cars for that amount of money!!!

Answer 29

1944 - $5,000.  Current value $309,500 according to Zillow.  It has dropped about $200,000 from 2 years ago.  My dad sold it in 1978 for $55,000.  (Norwalk, California)

Answer 30

No but I remember my husband and I  first house in 1972 $ 6,500 we paid $65.00 a month and I just seen where is worth 95,000 its wild isn't it.I washed dishes one summer for 50 cents a hour and brother made the big money he was life guard at 75 cents an hour.