A couple years ago, I bought a condo in San Francisco and I wanted to make it a place I could really spend my time.
But when the real estate market collapsed and I couldn’t find work, I turned to the web to find ways to pay my rent and bills.
The first place I found was an ad for a house that had been sold on Craigslist for $5,000.
Then I found another listing for a mansion that was worth $5 million, and that house was in California.
The second listing I found for a $6 million home in California with a $20 million mortgage.
I was shocked.
I was also shocked when the property I was looking at had been listed for $12 million.
But what surprised me was the second listing had been purchased by a couple who had paid $5.2 million for it.
They bought it for $2 million and paid off the mortgage in 10 months.
They now own it and have been living in it for nearly a decade.
That $2.5 million house I had been looking at wasn’t even the most expensive home I had ever owned.
I had bought a $2,500,000 home for $1.9 million and it was the most desirable home I have ever owned, according to the realtor.
So what happened?
I am now the owner of a $3.4 million house in a city that is not the richest, but one that has a median income of $64,903.
And this is not a house I would ever want to move to, but I think it is a good thing that the wealthy are paying so much attention to what the middle class is doing.
So what’s the story here?
The rich are buying homes at record rates in cities like San Francisco, Los Angeles and New York, which is creating a new housing bubble in the US.
If the rich continue to buy more and more properties, there will be a massive bubble in housing in the years ahead.
The bubble will burst.
I think this will happen in 2017 or 2018.
In a year or two, this bubble will begin to pop and there will just be too many people out there who are already in the bubble and who don’t have the resources to move out.