Friday, September 28, 2007

California House Rush


Actual name of the street....



...sitting right in the yard of a foreclosed house.

Time and time again history has proven to repeat itself, just like an old tune with new lyrics. Gold fever or house fever...it's all the same thing with the same results. This synopsis of the Gold Rush, from Wikipedia, could easily read the exact same way for this era if "gold" is replaced with "houses."

The California Gold Rush (1848–1855) began on January 24, 1848, when gold was discovered at Sutter's Mill. As news of the discovery spread, some 300,000 people came to California from the rest of the United States and abroad. These early gold-seekers, called "forty-niners," traveled to California by sailing ship and in covered wagons across the continent, often facing substantial hardships on the trip. While most of the newly-arrived were Americans, the Gold Rush also attracted tens of thousands from Latin America, Europe, Australia and Asia. At first, the prospectors retrieved the gold from streams and riverbeds using simple techniques, such as panning, and later developed more sophisticated methods of gold recovery that were adopted around the world. Gold worth billions of today's dollars was recovered, leading to great wealth for a few; many, however, returned home with little more than they started with.


1 comment:

Anonymous said...

I think that sign is an omen. Buy gold.