California
Minimum wage 2012 $8.00
Minimum wage 2022 $15.00
also what happen to the houses around it? If more rich people moved in the prices go up. Sadly the sale of one house can alter the sale of another. Case in point my grandma’s friend lived next door to her. The friend sold her house for half of what it was worth so her son could buy it. BUT because it had to go on market for it to be sold at that price legally, it showed the value of houses on that street are less than they were. So when my grandma tries to sell her house she had to lower it greatly to get people to take it after they found out what the house next door sold for even though it was bigger than my grandma’s house.
And it can go the other way someone sales their house for a fortune a bigger house on the block can try to do same and if it does than the house values go up. Also was there up grades in the home. The list can go on and on it’s not just stuff cost more.
Minimum wage 2012 $8.00
Minimum wage 2022 $15.00
also what happen to the houses around it? If more rich people moved in the prices go up. Sadly the sale of one house can alter the sale of another. Case in point my grandma’s friend lived next door to her. The friend sold her house for half of what it was worth so her son could buy it. BUT because it had to go on market for it to be sold at that price legally, it showed the value of houses on that street are less than they were. So when my grandma tries to sell her house she had to lower it greatly to get people to take it after they found out what the house next door sold for even though it was bigger than my grandma’s house.
And it can go the other way someone sales their house for a fortune a bigger house on the block can try to do same and if it does than the house values go up. Also was there up grades in the home. The list can go on and on it’s not just stuff cost more.