Tuesday, August 23, 2011

2275 Ben Lomond Drive c.1928

Spanish Revival style houses in Southern California reached a pinnacle of success during the years leading up to "Black Tuesday", October 29, 1929, the day stock prices took a dramatic fall leading to the worldwide Great Depression. By 1930, according to the census taken that year, the Spanish Revival style house shown here was being rented to Louis and Ethel Ruppe for $125 a month! As late as 1998, the house was purchased for $470,000 (a fixer, according to the MLS listing). Quite a bargain by 2011 standards; homes of equal size and distinction easily command prices three times that amount.

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