Cuz it's the former and not the latter, some Zillow searching has revealed to me that any leftist with a decent inheritance from their dead Meemaw could way more decadently than fucking Hasan in LA.
Seriously I could own a fucking massive multi-building compound with a pool and tennis court in West Virginia for 1/5 of what Hasan is paying in fucking shitty ass LA.
In Brooklyn NYC the median sale price for a home is $870,000. It's super expensive to live in coastal cities, even in the historically "poor" sections. If Hasan only paid $3 million for a place in L.A., it's not really super bougie at all. That's how fucked up American housing is.
Sure, anyone here with $3 million in cash would likely think of at least a dozen different places to be, and it's an incredibly privileged position. Keep in mind that homeownership rates in the U.S. are mid-60%, and in China they are around 90%. It's tempting to accuse someone of decadence if they merely own a fucking house here in the USA, but it's now fairly vicious towards even small-time millionaires.
Not endorsing the guy 100% though. He could have bought and renovated an entire street of townhomes in Baltimore with that money, and give them to random homeless folks.
He could have bought and renovated an entire street of townhomes in Baltimore with that money
Bought yes, renovate... ehhhh. Thing is Baltimore has townhouses for cheap as shit but it should be noted, they're in horrible states of disrepair, we're talking like no single inch of copper pipe left in them. Yeah you can buy a brick row home in Baltimore for 35k, expect to spend a lot getting the place livable though. I know because I worked in home improvement in the city for 2 years.
2.5mil would maybe be BARELY enough for an entire block. Really I think you'd need double that if you want to make the whole block actual quality housing.
Yes, and the location means different things to different people.
To many, it's access to services, walkability, community.
To many who determine house prices by wielding financial power in the market, a lot of it is privacy, how rich and white your neighbours are, and how desirable a neighbourhood sounds like it is.
