By now, we know that the prices of real estate are way up.
And with the economy in trouble, it’s easy to understand why people are selling.
But what if we told you the real estate prices of other states are way lower?
Why do they actually look so good?
That’s what we’re here to tell you, but first, let’s take a look at the numbers.
The chart below plots the real-estate prices in each state for each year from 2001 through 2021.
The blue line is the average price, the orange line is median price, and the red line is percent change.
In other words, if we look at a state for a given year and average all the prices for that state for the previous year, we get the price of real-life property that year.
If we look only at the last year, however, we can see that the average real-home price in 2016 was $1,049,846, which is a drop of about 7.6%.
That’s a pretty good return, and it makes sense.
In fact, we’re not the only ones who’ve noticed the improvement in real-property prices in recent years.
It’s a trend that’s been going on for several years now.
And it’s a good thing that real-world properties are so cheap, because that means we can sell them, because we can earn money doing so.
Real-estate sales are also the most important part of the real economy.
People need to sell stuff, like cars, clothes, or other items that can help pay for other things.
And when you sell those items, you can get a great return on your investment.
But you’re also going to need to pay a fair amount for it.
So the average home price in the United States is $1.19 million.
That’s not much, but it is an average.
If you were to sell it for $1 million and you got $6,000 back, that’s a net gain of about $6 million.
If you’re selling your house for $2 million and get $2,000 more in return, you’ve made $3,500 in net sales.
That works out to about $1 a day.
So if you’re making a total of $4,500 a day selling your home, that means you’re earning $4.5 million a year.
That may sound like a lot, but think about it.
And here’s the kicker.
When you think about the returns you can earn for selling a home, you’re not only thinking about the money you’ll earn, but also about the long-term value you get for your investment in real estate.
When real- estate prices go up, they also boost your overall income.
If the price per square foot in a given state goes up, so does the average income of the average person in that state.
And the incomes of people who live there go up as well.
Real estate prices can be a good investment if you plan to live in a state where you’re going to earn more than you can make from your job.
But they can also be a bad investment if your goal is to live where you’ll get the best return from your money.
So you’ll want to make sure you’re buying real-money real estate when you get married, have kids, or have any other financial commitments.
And in the long run, the real money returns on real-time investments like real estate will help pay off the real debt you owe.