$500,000 is not the luxury market.
It is around here. 500K buys a very nice home. It ain’t Bill Gates luxury, but it’s 4 times the value of my home.
No, but they ‘are’ more solid investments.
I live in a $200k house and it’s a complete POS (underwater, too).
“$500,000 is not the luxury market.”
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I agree.
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Read the chart...that is the median cost....half higher and half lower - so there are many million dollar properties in that chart.