>>The inversion of this response in the case of housing
>>is an index of the fabulously successful use of house
>>ownership as a means of social control.
>>
>>--
>
>
>but it took 25 years to appreciate in value at all, going from 25k to
>32.5k in value),
15 years, I meant. He bought it back in 1977 or something. I didn't know him until ten years later, but even then the house was still worth around what he paid for it. it was only a few years later that the house next door, exactly the same, only slightly updated, went for 32.5k.