Well… Truth to tell, the ‘Hood started out gentrified.
This has always been an upper-middle-class urban neighborhood. But of late? HOLEE maquerel!
Young people are buying up our 1950s and ’60’s ranch houses and turning them into freaking palaces. Give this trend another ten years, and real estate here is gonna be not just through the roof but hovering in the stratosphere.
And THAT is a primary reason why I want to stay out of an old-folkerie and in my home: all the way up to the moment I die. BECAUSE I want my son to inherit what will no doubt be a very hot, very pricey piece of centrally located real estate.
Yeah: my guess is that in ten years this place will be worth twice its current value…and houses here are already absurdly overpriced.
So, whenever M’hijito gets this place, he’ll be able to move into Fancy Danville here, or sell the shack and move wherever he wants: debt-free. Yeah: the Funny Farm was paid off some years ago, over my financial advisor’s vociferous objections.
Looks like Financial Dude was wrong and I was right. If the present trend continues, these houses — now on the edge of one of the most upscale districts in the Valley — will be worth TONS of money. He can occupy a stylishly antique pile in a neighborhood of overpriced 1950s tract houses (overpriced when new! outrageous now…), or he can sell this place and retire on the proceeds.
In any event, it now appears we’ll have something to leave to M’hijito that will be worth a sh!tload of money. One way or the ‘tother: no matter what he chooses to do with it.