Biotech Values

[oldberkeley]

Speaking as just an average middle-class person: yes, 1 mil is a lot of money!

According to the National Association of Realtors (an organization I belong to) the national median home price is $205,000. I often work with people whose dream is to own a home worth that much.

Also, as I'm sure you know, it's not the sale price that factors into your net worth, it's the equity. Especially considering what the mortgage scene has been like in the past 20 years, one could own a million dollar home and have zero equity!

To repeat: To the vast, vast majority of Americans, of course 1 mil is a lot of money.