Biotech Values

[apljack]

OT: "$1M is a lot of money?"

"Yes, it is a lot of money. It may not get you a vintage Ferrari collection, but in every city of this country you can buy a fine place for 500K and still have 500K left over without a mortgage to pay."

Come now, let's be realistic, the median price of a home in America right now is about $208,000. Any retiree with $1 million could easily live in their median priced home, owned outright, and have a nice fixed income of about $50,000 if the remaining $792,000 was invested in a mix of yield producing stocks and bonds (about 7% overall).

Where most live, that would be quite comfortable. $1 million dollar homes as a median is part of the madness that brought us to the edge of oblivion where we are right now.

aj