Posted by Rick(CA) on January 19, 2001 at 12:35:27:
Are you saying that it was wallpapered over wallpaper and then painted over that without being removed? Sort of accumulating over the years?
If the house was built in 1907 and that’s the case, it might be worth it to “peel down” through the layers. I remember a story one time about a rehabber who did that and found out that one whole room of the house was wallpapered in stocks once the Great Depression hit and the stock market plummeted. The owner at the time lost all value in the stocks so they were worthless to him (hence using it to wallpaper - not being worth the paper they were printed on). However, like most people forget, the stock market is a long term investment vehicle where stocks are generally concerned. These “worthless” stocks were now worth a fortune! And all because the rehabber decided to “drill down”.
Please note, this is a “story”. I can’t verify the truth behind it. It was from a long time ago and I don’t remember for sure if I heard it while taking a class from a stock broker, but it stuck in my mind.