the number of occupied homes worth $1,000,000 or more surpasses 1 million.
when did paying a million dollars for a home become so common? i don't know if i am imagining this, but did real estate prices quadruple or quintuple since the 1980s? and double from the mid 90s?
can someone fill in the blanks for me, because i'm just a little confused. how did this happen? when did this happen? and will our generation be screwed when we try to own property? i don't see an appreciable increase in salaries.
all i know is that a classmate of mine bought a condo three years ago, and it has already appreciated 50%. i know that my parents bought their house for less than half a million ten years ago, and the house right next door to them - which is roughly the same size as theirs - was on sale for a price between 3/4 of a million and a million. they live in one of those uninteresting square states, so this is not just an urban problem. and no, they don't live in a mansion. well, it's not a problem for them, but it sure as hell is a problem for people like me.
pop, stupid housing bubble. POP!
1 comment:
i'm buying a tipi. i swear to fucking god i am. i'm gonna go herd wapiti and chop wood.
hey, i can't miss this opportunity to note that wapiti means "white ass". also that in canadia, they're called les biches ("bihsh"), which in france just means "does" (i.e. 'female deer').
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