Saturday, Feb 04, 2006 at 18:27
When Dad was about 12 & he's nearly 60 now they had been
camping at Sorrento for a few years as a family with other families on other peoples land.
My grandfather (dec) was definately working class and sold manchester to families visiting them at home in the old chev and to some small shops I believe. Never a rich man but he worked hard and was careful with what they had.
He sat Dad & his sister down one day not a long time after TV was the new big thing, and gave them a choice:
Given the choice would they like a new TV or a block of land at Sorrento of their own to camp on - and eventually build a weekender on?
The block of land (something like 70' by 200') and the TV were about the same price!!!
They figured they could watch the TV at the neighbours and the block would be a one time offer and took the block.
It still has a 2 b/r fibro beachhouse on it and is still in the family.
The block would now be worth something like $250,000.
These days there's no way any working or middle class family would consider dropping 250 large on anything apart from the home they live in. Certainly not on the latest tele.
Probably the nearest equivalent is low orbit space tourism. It'll get cheaper, is about $250K for a trip now and the same bit of land would still be worth more than it in 30-40 years time.
Scary comparisons, particularly anywhere around the coast. I wonder what Lindsay Fox's Portsea beach shack was worth in 1955?
Mr Fox is in....
Dave
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