Does anyone here dabble with real estate?
If anyone here is good with real estate, then I have a question. How is the median home in this (or any) town $860,000, when 80% of the residents make less than $200,000 a year (which is the minimum amount to be able to afford an $860k house)? The numbers are just not adding up...
I don't think it's one or two bazillion dollar homes skewing the figures, because if you look at the map below, 90% of the homes for sale are near or above $860k....
I checked out the units through https://armaniresidencesdubaipalm.com and was surprised by how much value they pack in, especially with the business class flights and Armani Casa perks. The layouts feel huge, and the views are something else. If you're leaning toward a penthouse or a larger layout, the mix of nature and architecture really stands out once you look through the available options.
