Is a Million Dollars the New $100 Bill?

Even a cool million barely buys you anything

Photo by Frames For Your Heart on Unsplash

When I think of a million dollars, I think of homes like this one. A million was a huge goal to achieve. My friends and I would dream about it in the 80s. If you could only make a million, life would be insane. You would be on the top of the word. At one time, a million was a lot. Now?

LMFAO

Let’s Look at Vancouver which is one INSANELY expensive city. It’s also the hellhole where I was born.

• Vancouver’s housing market witnesses a significant rise in inventory and a rise in prices.
• The average home price in Greater Vancouver was $1,348,624, which rose 2.9% annually and 3.5% monthly.
• In May 2024, the benchmark price of homes in Metro Vancouver was $1,212,000, representing a 0.5% monthly increase and a 2.3% yearly increase.
• Vancouver’s benchmark price has increased 30% over the past four years but is 3.6% lower than its all-time high of $1,262,600 in May 2022.
  Detached home average price increased by 2.9% year-over-year to $2.23M.
• Attached home average price increased by 1.2% year-over-year to $1.25M.
• Condo apartment average price increased by 1% year-over-year to $832k. Via…