Quote:
Originally Posted by Jonesy55
I don't think that anybody is saying that is Jeff Bezos rich, just that if half of all US homeowners live in homes worth $225k or less then living in a $420k home makes you quite a bit wealthier than average, at least in terms of housing. And then don't forget that nearly 40% of households in the US rent. You will get some wealthy renters of course, but I bet most are not as wealthy as the average homeowner.
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To add to your point, Chicago is also considerably more cheaper/affordable city than just about every other major city in America.
With the exact same criteria: 3bed/3bath, condo/apartment/townhome/multi family 2,000 square feet minimum, with a maximum price of $430,000 there are ZERO listings for the entire city of Los Angeles.
Somebody with Steely's exact situation, simply would not be able to even find 1 single condo to tour, because there are none on the market for that low of a price.