[cuddlybacon]

> in reality, being able to sell your house for 1.5MM isn't that much of a windfall when other houses are at least 1MM and rising rapidly, and renting is more expensive than having a mortgage.

This is starting to hit a lot of my parent's social circle. They are retiring, mostly from the edge of a big city.

About half plan to or have retired in a small town. In that case they are able to get something with the $1.5M they sold for, but they are driving prices up in those towns in a way locals can't afford.

The other half wants something else in the city. Some remaining in the suburbs, others move more into the city, others "in the sticks" and are all surprised that that's going to use up all of their $1.5M. They expect to buy something for $200k and have the rest for retirement lol.