Originally Posted by
iris lilies
Sorry, I call BS.
I sampled “Sold” data from Realtor.com for the first 5 single family properties for which I could find sales data reaching back to your ten year mark and beyond. Every one of them, 100%! sold for far more than $50,000*
So, what’s my point? This attempt to look poor seems like more faux facts from you, our resident unreliable narrator. You are the poster boy of middle class privileged America. White, college educated, home owner, landlord. Oh, and now holder of gold jewelry.
Well, I do agree that it doesnt matter a whole lot how much your real estate is worth if you are living in it and don't intend to move. But a little casita in back that generates $5,000 passive income is pretty luxe.
* here is the data
1639 E. Harvard sold for $160,000 in 2007
1533 E. Brill sold for $230,000 in 2006
1224 E. hubbell sold for $147,000 in 2004
1813 W. willetta sold for $190,000 in 2008
1519 E. Cambridge sold for $140,000 in 2005