So my momsy is looking to buy a house and there was this listing for a place that was 2 MILLION DOLLARS. and yep you guessed it. It was originally purchased in 2000 for uh. 200,000 ??!!!!?? UH.
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Anyways crawling back here to clarify, no houses were bought in the end. even a semi retired well-off boomer doesn't have that kind of money!! Unsurprisingly, most people don't either!!
BTW, We sold a 2500 sq ft in Lawton, OK for $178K in 2001 and bought a 3500 square ft house in Tyler Tx 5 months later for $225K. Sold that house in 2005 for $285k and bought a 385 sq ft, 38 ft Diesel Pusher for $250k and lived in it for yrs.
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