Monday, November 26, 2007

Dragnet

Yes, this has to do with real estate: did anybody but me watch CW's 60-hour retro marathon over the weekend? On a Dragnet rerun from 1968, Sargeant Friday is grilled by Officer Gannon about getting married and settling down. This takes place in Gannon's Eagle Rock traditional, which looks to be about, oh, 2000+ square feet. Sargeant Friday retorts something along the lines of, "I'll think about it when I meet a nice girl and then I'll buy a house like this for $8,500." If this was a more-or-less market price for 1968, the value of homes has risen 100 times since then! I guess that's why they call it a bubble...

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