1. It may be likely that the property was purchased for location only, and may be a tear down an rebuild, only shows the actual divide between reality and money for the super wealthy... think of it, if you make 100K, which is a very good income, and you go out to eat and spend $500, to a guy that makes $1 milliion, thats a $50 meal to him... a guy that makes 10 million can drop a 500 bucks out his pocket and it like the average guy losing a $5..........
2. smart money is leaving GP, other than those that have 2-3 other residences... if you have means for a decent lifestyle GP is not a good bet....... look at the number of 500K plus houses on the market, seems like a bargain until your ULS kid gets shot in the D
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