A friend of mine who works in a company that manufactures medical devices and testing kits recently bought a 18 million dollar house in our town. This was a guy who made six figures, but whose rise to fortune seemed almost too good to be true.
I inquired about how he was able to do it. His response was that his company, which normally sells Troponin test kits (used to detect heart damage) banked record profits in the last quarter and he got a 60 percent pay raise.
Just thought I'd share.
Well the houses I build that were around 300k 3 years ago are now going for 700k. This wont last much longer though. Houses that are 700k now will soon be less than the original 300k.
In 2008 I was buying lots for pennies on the dollar. Lots that had been 100k were selling for 10k or less.