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Response to Purveyor (Original post)

Thu Jun 9, 2016, 04:30 PM

4. Statistics wasn't my best course

but one of the most interesting. What I would like to know is whether this represents average or median net worth. I live in Silicon Valley where the price of housing has skyrocketed. You could truthfully say that the net worth of many of us has increased. However, to recognize that increase, we would need to quit our jobs, sell our homes and move to a different region or state. Our children will never be able to afford to buy homes in this area so our selling means that the entire family has to leave. And, when you average the appreciation of homes in places like the Bay Area, where starter homes cost at least 1M, with Idaho, South Dakota, Nebraska and other states that have substantially lower home prices, are we getting a "Bill Gates in the bar situation" (referring to the old joke about when Bill Gates and a homeless guy sit alone in a bar, the average net worth of bar patrons is 40 billion dollars)?

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