Originally Posted by
ThumbsUp
That’s my point…. You can’t afford the entry to even get to the sting unless you’re already old. But I see the prices trending downward. Will that be enough so that young, but high earners can make an entry into some of these markets? Only time will tell.
as time goes by, power of a buck is unlikely to appreciate. But yes, housing markets are going to climb or fall on demand from those with ability to pay. Forbes says the top 5% net worth American sits on a wad somewhere between 1.25 & 3 million. Jump into the top 1% at approx 13m. More of them around these days than ever before. I’d wager a handful of career pilots have achieved top 1% distinction. Chapeau to them.