Also keep in mind, this is Los Angeles. Cost of living is crazy higher than the rest of the country. That 300k would probably be just below the poverty line there...
Sadly, this is probably true. My father and his siblings sold their parents house 20 years ago in ventura countyfor 600,000. That same house where i am now would be worth 200,000 today. Lord knows what it is worth today, and it needed a whole new roof back then.
Also keep in mind, this is Los Angeles. Cost of living is crazy higher than the rest of the country. That 300k would probably be just below the poverty line there...
Sadly, this is probably true. My father and his siblings sold their parents house 20 years ago in ventura countyfor 600,000. That same house where i am now would be worth 200,000 today. Lord knows what it is worth today, and it needed a whole new roof back then.