Quote:
Originally Posted by GlassCity
As mentioned above, property value isn't an indicator of wealth. With the amount that property values all over the region have risen in the past decade, it's very possible for a legitimately middle class family to now be in possession of a million-dollar home.
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I think it's pretty obvious that something you can trade for a million dollars
is wealth, regardless of a person's salary.
Anyone with a million dollars is wealthy -
that's 4 times Canadian median household wealth. All it takes to turn a million dollar house into a million dollars is a realtor.
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