Blogging Bayport Alameda

July 19, 2021

Blast from the past: 1982 housing prices

Filed under: Alameda — Lauren Do @ 6:09 am

This house has a Redfin estimate of $1.45 million because it just sold in March.  According to Inflation Tool $169K in 1982 is equivalent to $471K today.

Screen Shot 2020-02-05 at 5.10.37 PM

This house has a Redfin estimate of $1.43 million. According to Inflation Tool $167K in 1982 is equivalent to $465K today.

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This house has a Redfin estimate of $1.07 million.

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This house has a Redfin estimate of $1.35 million. According to Inflation Tool $198K in 1982 is equivalent to $552K today.

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Morton Redfin estimate: $1.53 million.

Grand Redfin estimate: None

Taylor Redfin estimate: $1.08 million

Regent Redfin estimate: $1.34 million

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4 Comments »

  1. Blast from the past: 1982 mortgage rates

    https://fred.stlouisfed.org/graph/?g=NUh

    At 3%, the monthly P&I on each $100,000 borrowed is $421.60
    At 13% it’s $1106.20 per each 100,000 borrowed

    Comment by Math — July 19, 2021 @ 6:24 am

  2. Be careful about nostalgia. This wasn’t a good time in America. Average teacher salary $23,000. Jimmy Carter presidency, which ended in 1981, resulted in an Iranian hostage crisis, long lines at gas stations due to an energy crisis, stagflation, Olympic boycott, Cuban refugee crisis, 18% interest rates (!) and a general malaise in America which resulted in one of the lowest voter turnouts in history in the election of President Reagan.

    We’re entering an equally bad economic malaise now due to rising food, housing and energy prices, inflation, uncontrolled immigration, and higher taxes.

    1982 most popular songs:

    Let’s Get Physical
    Eye of the Tiger
    I Love Rock n’Roll

    Comment by Cuba Libertad — July 19, 2021 @ 7:48 am

  3. I blame these mortgage rates for the horribly-wrong-but-longheld-belief that I can retire if I can live off 10% of my savings.

    Comment by Sleepy Moe — July 19, 2021 @ 8:26 am

  4. For 1982, that’s not cheap. The national average was something like $60k, hence just like now, prices here were a LOT higher than almost anywhere else. Interest rates were also massive back then meaning mortgages were rather expensive.

    Comment by john doe — July 22, 2021 @ 9:13 am


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