American dream pays off |

American dream pays off

I’m a baby boomer now but back in college (1978) my college professor said “home prices are going up so fast you students will never be able to afford a house”. Great encouragement, huh? In 1981, at 21, I bought a modest home in Sutter County for $36k. During the ’80s, I bought several other rental homes all under $100k. In 1991, I bought on Red Dog road – for $140k. In 2002 I bought a home in Nevada City for $375k. Building wealth in real estate takes time, you have to start small so you may have to relocate to a more affordable area and then work your way back into a higher priced area. Incidentally, that little modest home in Sutter County is worth about $200k today, which is about a 556 percent increase – that’s an American Dream reality.

M. James Currier

Nevada City

Support Local Journalism

Support Local Journalism

Readers around Grass Valley and Nevada County make The Union’s work possible. Your financial contribution supports our efforts to deliver quality, locally relevant journalism.

Now more than ever, your support is critical to help us keep our community informed about the evolving coronavirus pandemic and the impact it is having locally. Every contribution, however large or small, will make a difference.

Your donation will help us continue to cover COVID-19 and our other vital local news.


Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.

User Legend: iconModerator iconTrusted User


See more