Home prices are unbelievable

[Nathan]

The value of my house has appreciated 225%

Al, my neighbor a couple houses down, passed away a while back. His heirs put the house up for sale. It's a small house, 3 bedrooms, living room dining room combination, kitchen and a bath and a half. Built in 1954. They asked $900k. It sold in less than 2 weeks. Al paid $33k for it in 1977.

I guess what it really shows is how little the dollar is worth now.

SoCal realtors have pushed hard in the past 60 years to drive up real estate prices, which of course equals greater commissions.