731 Real estate values

I love to read real estate ads. The hyperbole, the squish words--vintage, curb appeal, redefines elegance. Today I saw a photo of a vintage house in a university town (Ann Arbor) that looked like a clone of our first home in Champaign, Illinois not far from the university. It even had a bump out dining room window. It was selling for about $450,000, and the ad said it had been magnificently updated.

With David's family Christmas letter, he included a photo of our old house--the one that looks like the Ann Arbor house. He was in Champaign last year to give a lecture, and had stopped at the house for a photo op. He and wife Gina had been our upstairs tenants and neighbors and friends. The house was probably 50 years old when we bought it, and time has not been kind. We added a second front door so the upstairs tenants had a private entrance, and we painted it charcoal gray with white trim (a popular color scheme in 1964). It had lovely wood work the color of my grandmother's home of the same era, with glass door book shelves, huge windows in the kitchen, a dining room with a built in china cabinet which was the largest room in the house, a basement with a dirt floor, and a gravel driveway with no garage.

The photo showed a home that looked like it hadn't been painted since we did it in 1964; the formerly gracious front porch had lost its columns and railing; ugly oversized windows had been put in the front, second floor room; the bushes were overgrown; and a mattress was leaning against the side of the house.

It was a plain, utilitarian house with painful, unhappy memories, but because it was an income property (I was 22 when we bought it), it put us on a solid financial footing that carried us through the ups and downs of the next forty years.

I salute you, little duplex on White Street. You deserved better.


White St. House in 2003


White St. House in 1964