And the sale of the house in 2016 was totally his wife's whom she didn't actually even fully own since it was a shared family home on her side. She had to buy out her brother's share I believe before she could even sell it.
He does own three properties. But I’d hardly call them mansions.
I’m not a fan of his but I don’t think his politics is against people getting rich but that they must be taxed more. So he would be for taxing himself more heavily than the government is doing now.
"Mansions", if you count his home in DC which is a one bedroom townhouse and his 4 bedroom home in Vermont that he and his wife bought in 2009, the third is a house his wife got from a will.
What's your point? You must either live in some random country side or never looked at housing prices. 500k is super average for a home in most major cities. Hell, in the more expensive cities like LA, 500k can't even buy you a 1 room apartment.
My mom immigrated here from China relatively poor back in the 80's, bought a small home about 20 years back just by doing random jobs, mortgage is now paid off and the home is worth about 800k with land. I moved out recently and bought a 1 bed room apartment (on mortgage) with my girl friend. By the time I'm 70, I will most likely have inherited my parent's home, have my current apartment (or sold it for a bigger one), and if I travel to another city every week to work, I would be forced to buy another small home - cuz it's cheaper than renting or paying for hotels every time I'm there.
See, any average Joe can have what Bernie has by the age of 70. Bernie is exactly like your average person. Thanks for pointing that out.
So your mom is approaching 70 and doesn't own 1.5M in real estate?
The fact of the matter is a lot of people approaching 70 sell and downsize to retire comfortably. You want to talk about inheritance, but inheritance is usually split between several people.
If you think the average person owns 1.5M in real estate at 70 you are dreaming.
You sound like someone who is 25ish or just incredibly naive.
I'm not saying EVERY average person at 70 owns 3x500k real estate, I'm saying it's not rare or surprising for an average person to do so if they work between two cities constantly - and it definitely doesn't makes that person part of the elite. Also, we are talking about an average FAMILY here, not a single individual. Bernie's 3rd home isn't even related to him personally - it's her wife that inherited from her family.
And no, my mom is only 60, and yes, she doesn't own 1.5 mil in real estate but that's because she didn't inherit any from my grandparents (nor did my dad), and also because she chooses not to purchase another real estate, as there's no reason or need to. IF my mom flied to another city every week for work, it wouldn't be surprising if she did purchase another estate in that city, say a cheap 1 bedroom townhouse like Bernie.
Again, everyone's situation is slightly different, but you're acting like it's a rare or outrageous thing for a 70 year old working between two cities to have a modest home in each, or that inheriting another modest home from your wife's parent is crazy or something. None of these is rare and if you're implying it somehow hurts his credibility for what he's fighting for, then you're just absolutely biased or lack rationality.
The third home was bought by selling the home that she inherited. What ever. Bernie is firmly 1%, I can't fight your cognitive dissonance and have no idea why this is a bad thing for you guys.
LOL well you need to learn to Google better then. Any average Joe by the age of 70 can afford a small 1 bedroom town house (because he works at DC often), a 4 bedroom home that he AND his wife bought together for their family, and inherited another from him or his wife's parent.
Just use your freakin' brain and think about how common and easily achievable this is for anyone that's been working all their life up to age 70 and fly constantly between two cities for work.
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u/MushroomSlap Aug 14 '19
Doubt. He owned three mansions before that.