My house is now worth a bit over $350,000. And although that is less then $1,000,000 I bought it at $185,000 (and had to use every penny saved to get a down payment) just a decade ago. Even in my small rural town I currently could not afford to buy the house I live in, I doubt this will improve in time.
I might not be a millionaire, but I would guess I am now in a smaller class of people that owns where they sleep. And if the market keeps doing whats its doing I might be a millionaire in time (this is not overall a good thing).
My house is now worth a bit over $350,000. And although that is less then $1,000,000 I bought it at $185,000 (and had to use every penny saved to get a down payment) just a decade ago. Even in my small rural town I currently could not afford to buy the house I live in, I doubt this will improve in time.
I might not be a millionaire, but I would guess I am now in a smaller class of people that owns where they sleep. And if the market keeps doing whats its doing I might be a millionaire in time (this is not overall a good thing).