In the same 40 years, Berkshire Hathaway shares have been increasing annually at 24%. A stock bought at 8$ back in 1962 would be worth $96,000 per share. Imagine if they bought just 100 share instead of a house how well off their children would be today
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Originally Posted by Mutt
li know so many of my friends whose parents were middle class people - just normal middle management jobs, good blue collar jobs, small businesses - now those parents are dying off. the family homes they bought in the 50's and 60's for 20-40,000 dollars 40 years later are several hundred thousand dollars, some close to a million dollars in the right neighborhoods. my best friend's parent bought theirs in the 60's for 40K and it's now worth at least 2 or 3 million - whoever buys it when my friend's mom dies or has to get out will knock it down for sure.
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