I was doing some math in my head. I’ve been thinking about housing prices and wanted to assess the rough value of my city neighborhood block.
Assuming the average value of a house in my neighborhood is a flat $500k, that means 2 houses = $1M.
Counting the houses on my street I estimated there are about 20 houses per-block, which means 1 block = 20 houses = $10M.
Continuing to scale that up by factors of 10, we get:
10 blocks = 200 houses = $100M
and
100 blocks = 2000 houses = $1B
I opened up a map to visualize 100 blocks and it’s practically my entire city neighborhood. Billionaires shouldn’t exist.
Philly houses are like $100K back in the early 2010s
taxes were around $2000 ish per year…
So we moved from NYC and used to be renters… but now we own the house… (well I don’t have a share, its technically my parents for the time being)
So you’d think: well great! no rent anymore! perfect? Right? RIGHT?
fast forward…
Kids were more racist in school and I got bullied a lot. (I’m ethnic Chinese)
😭
I hate Philly, I rather be in NYC. 🫠
So yes, home ownership and all… but at what cost?
Ghetto ass place :/
Caused me so much anxiety and self esteem issues and probably one of the major factors into my depression.
/endrant