The woman I bought my house from had lived here for 71 years. She and her first husband paid $3300 in 1942.
my Gpa bought 3 houses in LA for $50k combined ! Granted this was the late 50's through early 70's but the worth of that $50k investment now is mind boggling !
Especially with CA property taxes. I knew someone whose dad had bought a house in the 70s and left it to her. It was easily worth over a million dollars 10 years ago, was paid off, and had dirt cheap taxes.