Discussion » Questions » Finance » If you happen to know, how much did your parent(s) or grandparent(s) pay for their first house?
Randy D

If you happen to know, how much did your parent(s) or grandparent(s) pay for their first house?

 

  When my grandfather left military service at the end of World War II, a house coat $5,000. He shook his head in despair, wondering how he would ever accumulate that much money in his entire lifetime.
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Posted - April 11, 2022
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Responses


  • 10635
    $12,000 (1971)
      April 11, 2022 5:24 PM MDT
    1

  • 13277
    My parents paid $56k in 1963 for a NYC brownstone that my brother and I now own and is worth about $8 million.
      April 11, 2022 5:51 PM MDT
    1

  • 34251
    No idea.
      April 11, 2022 6:52 PM MDT
    1

  • 7792
    My parents didn't have money like that, and neither do I. Apartments have been their life up to this point. This post was edited by Zack at April 12, 2022 7:24 AM MDT
      April 11, 2022 7:33 PM MDT
    2

  • 13395
    Sell the housecoat.
      April 11, 2022 8:36 PM MDT
    1

  • 13277
    "If you happen to know..."

    Rather a pointless opening. If someone doesn't happen to know, he/she couldn't answer the question with any data, could he/she?

    - Your friends at the grammar police precinct.
      April 12, 2022 7:28 AM MDT
    0

  • 2219
    Mum bought a basement flat for £674 when she came back to Scotland. 
      April 12, 2022 2:21 PM MDT
    1

  • 3701
    My parents never owned a house.  When my dad came home from WWII, Levitt was building homes available only to World War II veterans and their families--and only white veterans at that--the first Levittown house cost $6,990 with nearly no money down.  My dad was always afraid that if he got laid off (he was a construction worker), he wouldn't be able to make the mortgage payments and the house would be foreclosed.  He regretted that until the day he died. 
      April 12, 2022 10:06 PM MDT
    2