That’s why it’s important to own multiple homes over $1 million. One is not enough… 
What a biased headline… seems like all journalists are infected with sensationalism to sell their bullshit.
Thanks to government caused inflation $1m is not much money anymore
Tell me about it, my cart at the supermarket is 1/3 of what I used to get for $100 a year ago.
Healthy amout of inflation is good for the health of the economy.
Yes but combined with a cap gains tax it is double taxation.
So much so that very few could buy their own house back if they sold and had to pay the tax.
Hey, that wasn’t a dig on my posting headers right???
It’s ok… it’s America… everyone hypes everything.
When I lived in NY-CT, I would shake hands and have a cup of coffee with millionaires. I am talking about people moving $100Ks from one hand to the other in a daily basis. Their homes weren’t that expensive then compared to CA when I arrived.
But the cockiness of Californians is superb. They think that owning a $1M or more home makes them Warren Buffet. And dare you to say good morning, or hello. They walk by you as if you were a plant.
definitely not my experience, but maybe where i came from it was worse 