A Look Back in Time: Beginnings of Financing a Home
Chuck Ponzi March 27th, 2007
I always enjoy vintage movies; this one is a great one about the beginnings of housing finance.
Pay special attention to the house that they go to see. I’m pretty confident that this was shot somewhere in the Central West Los Angeles area (perhaps West Hollywood or Miracle Mile?) as the style of houses and timing coincide.
What’s interesting is the affect of inflation on housing prices. The entire purchase price is now the monthly payment for an Option ARM on a similar home.
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