The U.S. has more ‘million-dollar’ cities than ever, record 550 cities
The U.S. has more ‘million-dollar’ cities than ever, record 550 cities
www.thehill.com
The U.S. has more ‘million-dollar’ cities than ever. Here’s where they are
cross-posted from: https://lemmy.world/post/14660661
California had the most cities with homes valued over $1 million, totaling 210. New York had 66, while New Jersey — which experienced the largest year-over-year increase — had 49.
Zillow noted that limited housing inventory keeps pushing home values up, and according to the National Association of Realtors, prices are expected to remain elevated this spring.
Thanks to inflation, among other causes, a million dollars isn't really all that much any more. Remember when being a millionaire was a big deal? Now it's not even a big deal to be a billionaire, you have to be a trillionaire.
Well, everybody who wants to own a home and maybe retire these days.
$1.5M is recommended for a 30-year retirement today. That’s assuming you already own a home.
Retirement is in the ballpark of $2 million...