Guy in the article, Richard D. Zimmel, has a 725K property, add maybe 300K of what’s inside and you reach a million $. Not everyone has that in his pocket account :-/
There are a lot of houses in Silver City, New Mexico that are a lot cheaper than the one owned by the guy in the article. My guess is that his is probably pretty ritzy for the area.
Guy in the article, Richard D. Zimmel, has a 725K property, add maybe 300K of what’s inside and you reach a million $. Not everyone has that in his pocket account :-/
And there’s another part of the problem: artificially inflated house and property prices.
https://www.zillow.com/homes/for_sale/Silver-City,-NM_rb/
There are a lot of houses in Silver City, New Mexico that are a lot cheaper than the one owned by the guy in the article. My guess is that his is probably pretty ritzy for the area.