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If your house you purchased for $200,000 20 years ago is now worth $1.4M, say, that's $1.2M in profit. You could live in a smaller house worth $1M and still ge
by bb88 5y ago
If your house you purchased for $200,000 20 years ago is now worth $1.4M, say, that's $1.2M in profit.
You could live in a smaller house worth $1M and still get $400k of profit you didn't have before.
- jazzyjackson 5y agoah, I see the light now
- imtringued 5y agoThe young people working for that profit don't see it.
- addicted 5y agoOr what happens in reality. You sell your $1.4mm house and move to a bigger house that costs about $400k in one of the sunbelt states. That’s why the sunbelt states are seeing population growth. Cheap housing. Never mind that it’s states like California, New York and Connecticut that are paying for those states’s ability to attract people with cheap housing.