1970s San Diego real estate | News 8 Throwback Special

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CBS 8 San Diego

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@davidzel2 7 ай бұрын

1970's I miss you so much.

@Wildchildinc 7 ай бұрын

With inflation 75k for a house in today's money is 400k. The current median price for an average house sold is closer to 1 mil today. Guess I should've invested in a house while in the womb!

@cheesemaster113 7 ай бұрын

What about for a new home? You have to remember that most of these houses were brand spanking new, and didn't need any repairs for the foreseeable future.

@Frenchieeeee 7 ай бұрын

it's all a giant pyramid scheme, eventually things will collapse like in 2008.

@alexanderchenf1 7 ай бұрын

People back then had clear minds and calm attitude

@Vegasborn 5 ай бұрын

😂😂😂😂😂

@174mars 7 ай бұрын

This is kinda cool to watch. 1. Things change to the point it hasn’t. 2. Most of the people in the videos are dead or old. I realize we are living in a cycle and today is my “back in the day” and I should enjoy my youth.

@jtn1920 7 ай бұрын

Interesting that home prices broke away from incomes so quickly after the gold standard ended in 1971

@jerseysama 7 ай бұрын

This.

@gregh7457 7 ай бұрын

price inflation from the massive govt spending on the vietnam war was started long before 71. The space race and war on poverty on top of that too

@cheesemaster113 7 ай бұрын

It's almost like the U.S. government used the Fed to rob us blind

@WasFakestCenturyAesthetics 7 ай бұрын

@@gregh7457 that's why they had to drop the gold standard, because the other countries were noticing things didn't add up

@Frenchieeeee 7 ай бұрын

almost as if people started moving their money into other assets that are backed by real things like a house.

@jhollie8196 7 ай бұрын

Parents purchased a home in Mira Mesa in 1972 for under 30K. We were bussed to Clairemont for Einstein Jr High and Madison HS because Mira Mesa did not have a school system yet. Awesome time to grow up back then.

@tysone1254 7 ай бұрын

Happy you were able to grow up in a good time. Im just about 18 and I feel bad that my peers will struggle to live like my grandparents.

@Cryabtit_ 7 ай бұрын

@@tysone1254seriously though Mira Mesa is expensive now, as is everywhere else sadly

@eatlaughandstupid4430 7 ай бұрын

grew up in Orange County...how lucky were we?

@ramonsanchez5175 5 ай бұрын

If your peers are smart they will get into the trades and buy bitcoin and learn how to buy real estate @@tysone1254

@primatrader 7 ай бұрын

Income will never ever catch up! 😢

@rickyayy 7 ай бұрын

Corporations hate us, we are an inconvenience.

@SmokyOle 7 ай бұрын

I'm an economist. It's not that income needs to catch up It's the cost needs to go down. Deflation is what this country needs.

@AR-rn8ok 7 ай бұрын

@@SmokyOleno it’s not. Deflation means millions losing their jobs the way way the fed is going about it with these rate hikes. We need better supply chains and more productivity, not to force unemployment rates up to the point people just give up and stop trying like in China.

@Sonofawildanimal 7 ай бұрын

@@SmokyOle deflation doesn’t exist

@SmokyOle 7 ай бұрын

@@Sonofawildanimal It does and this country and people like you will learn the hard way.

@GuyWithTheDogs 7 ай бұрын

The more things change, the more they stay the same.

@williamfrederickiii1683 6 ай бұрын

In answer to the question @14:20 about whether prices would ever level out, he mentioned land, labor, and materials costs continuing to rise into the future. What he did not mention was the incredible cost of regulations and fees on building (other than the tax law changes).

@michaelkustin7990 7 ай бұрын

50 years later same issue, not enough housings, so build more. However, building more units does not drive down prices. Only times prices were lowered were the late 80's early 90's when defense industries left SD. Then the mortgage crisis around 2008. Both were only short temporary price corrections.

@DefinitelyNotRin 7 ай бұрын

Yep, unlikely to ever go down. However, short term increases in prices is not guaranteed anytime soon. But it also could happen tomorrow.

@tias.6675 3 ай бұрын

How about not letting the whole world in this country ? That's the real issue.

@richardball7251 7 ай бұрын

Politicians have destroyed this country

@beatman153 7 ай бұрын

Yeah America dreams r gone its official

5 ай бұрын

Yids.

@devengudinas1649 3 ай бұрын

So have all the illegals

@cb750k1974 7 ай бұрын

Back in the day when you used a hammer to frame a house.

@video.daniel 7 ай бұрын

battery operated skil saw ?

@Boxofdonuts 7 ай бұрын

Completely different world. Even in 2000 I bought a house in la with 10,000 down and the mortgage was much less than what the rent would be

@devengudinas1649 3 ай бұрын

In 2009 I threw down 5k at 25 years old and me and my new wife got a brand new 2000sf house in phx while only making about 12 bucks per hour.

@Mr.Eeeeeeeee 7 ай бұрын

In 50 years we will be sitting here saying how cheap homes were in 2024.

@colleendemaio 7 ай бұрын

This will always be the case. If you built a million more homes here, two million more people would try to move here. All overbuilding would do is ruin everything (except the weather) that makes SD a nice place to live. Nice weather is expensive. Anyone who wants a cheap house should move to a rust belt city or somewhere rural. Desirable + cheap is not an option. Only negative population growth will ever change that.

@omnimoeish 7 ай бұрын

Yeah I was laughing at the part where they were complaining there wasn't enough "affordable housing" in Del Mar. By definition there will never be enough housing below the market rate. The government should just get out of the way and stop trying to ruin beautiful cities. If you can't afford to live in Del Mar, live in the Central Valley like me.

@tias.6675 3 ай бұрын

Many don't want to admit that overpopulation is the issue. These silly "leaders" are allowing people in here and that's causing more problems.

@honemorrison4013 7 ай бұрын

white guys framing

@eriks8382 7 ай бұрын

Yep

@rickyayy 7 ай бұрын

Unheard of in California

@covidisascam4556 7 ай бұрын

Nobody is stopping them from framing today. They just don't want to work.

@felipenunez2058 7 ай бұрын

Mexicans look white too. Yes no one is keeping no one from construction or picking apples and grapes.

@davidwright873 7 ай бұрын

When growing up in Tahoe in the 70s it was all white guys. As I remember it

@Mlogan11 7 ай бұрын

Before you go gaga over the low prices, put in the value of money in the 70's to current value today. Ex: $100,000 in 1977 is equivalent to $527,054 today based on inflation.

@Winnas 7 ай бұрын

and still nowhere near current day housing prices. Find me a duplex in Hillcrest for 530,000 and i'll show you a flying pig.

@Mlogan11 7 ай бұрын

@@Winnas Point is homes back then were not "cheap" and are even worse now.

@RyanJohnson-pz4tb 7 ай бұрын

$527,000 can buy you a 1 bedroom apartment in mission valley now or north county

@PrestigeWorldWide777 7 ай бұрын

🤣

@katalac 7 ай бұрын

Coronado was way for the rich when I was young in the 60s

@RyanJohnson-pz4tb 7 ай бұрын

houses where $40k in coronado in the 60s

@gregh7457 7 ай бұрын

i remember driving past san clemente in 76. It was the town where nixon lived and it was sprinklers on full blast even though there was a severe drought going on in calif

@174mars 7 ай бұрын

@@RyanJohnson-pz4tb remember the money was back by the gold standard so that 40k wasnt really that

@devengudinas1649 3 ай бұрын

Did they even have the bridge yet

@richardball7251 7 ай бұрын

Wow ..MLS books and how about those green /brown appliances that lasted forever

@174mars 7 ай бұрын

I didn’t know the MLS was a actual book

@milliedragon4418 7 ай бұрын

Another thing, in addition to the nimbyism is the fact that there was no requirement for some sort of maximum size a house like you think about it. That 6,000 square foot house could have been three homes for families.

@KS0102 7 ай бұрын

No particle board found anywhere...

@donttouchmysilver8202 7 ай бұрын

That La Jolla condo would be 3 mill now 😝 😊

@ChadElk88 4 ай бұрын

Dang. That mustache daddy! 😍

@christinepontecorvo5449 5 ай бұрын

You know its the 70ies. My parents bought their first housewhere i grewup i. NP i believe it was 20 rhousand maybe 25 thousands early 70ies..

@milliedragon4418 7 ай бұрын

Little over a minute in it's kind of a tip to you that they said to be able to afford a single family home. In other words, they were building single family homes when they should have been building duplexes, Semi-Detach, townhomes. Because the cost of land is to build a single family home. And it was too costly in a time period where they should have been affordable, most places were affordable. California, neglected their problem decades, and it shows here. Californians continue to just raise wages, but never to actually address the issues that raise the cost of living. It's a little bit different nowadays because it's pretty much global and thus should not be compared, completely. It's like this. We know without question that USA pays the most for healthcare and yet our quality of health Care isn't really any better. The cost is so much more than anywhere else in the world. But because we aren't dealing with the cost of health Care, we have poor health outcomes as a result, for a developed Nation, we have a higher infant mortality rate, maternal mortality. And we're actually showing decline in our lifespan, although this could be contributed to covid.

@katalac 7 ай бұрын

Lived in San Carlos area growing up. Wondering what that is like now

@artics1031 7 ай бұрын

San Carlos is awesome.

@omarvargas6534 7 ай бұрын

Probably still the same? Managed to save itself

@artics1031 7 ай бұрын

@omarvargas6534 it's one of the best places to raise a family imo!

@artics1031 7 ай бұрын

Santee has really really changed in good way as far as the community, housing shopping, and overall safety is very respected now a days.

@addicted367 7 ай бұрын

I think I work over by where that brown house use to be.

@Winnas 7 ай бұрын

@addicted367 It's still there, 2484 Pine St, San Diego, CA 92103

@Roh-c8e 7 ай бұрын

Late 70s was when Silicon Valley was about to explode with high tech jobs. Then, Hell broke lose. Now, it's the most expensive place to buy a house in California or maybe in the USA.