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Half way through I was already clicking "Reply" thinking "...is this guy for real?!", only to see the "Oh wait..." The amount of social media content revolving

Half way through I was already clicking "Reply" thinking "...is this guy for real?!", only to see the "Oh wait..." The amount of social media content revolving around "how I became a milionaire/how I reached my first million" and the common factor is "I bought a house in 201*", then I'd say something is a bit off... Either there's massive speculation, or 1 million isn't what it used to be, or worst: both.

lotsofpulp 5y ago
Or $1M has different purchasing power in different places.
cwilkes 5y ago
The problem with those scenarios is that for every one that made a killing in real estate there’s plenty that barely broke even. The winners think they have some special sauce … maybe rhey did, maybe theg didn’t. The problem is that their blogging about it attracts the people that want to get rich quick and they are the ones likely to lose their shirts.
AdrianB1 5y ago
It's just a bubble: owners want the value to increase, county or city wants the value to increase (to get more tax money), everyone wants the supply to be very limited to increase the price and the value, it's a Munchausen pulling himself by the hair from the swamp. In this case 1 million is not what it used to be.