1255
submitted 2 years ago by [email protected] to c/[email protected]
you are viewing a single comment's thread
view the rest of the comments
[-] [email protected] 5 points 2 years ago

Assuming every member of the 1% in the US is a baby boomer, the value of the real estate they own accounts for about 1/3rd of the total real estate wealth owned by boomers.

The 1% have also benefited modestly from rising real-estate values. Their real-estate holdings increased by just under $1 trillion during the pandemic, to reach a high of $5.27 trillion.

this post was submitted on 20 Sep 2023
1255 points (98.3% liked)

Memes

51013 readers
1282 users here now

Rules:

  1. Be civil and nice.
  2. Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.

founded 6 years ago
MODERATORS