Maybe a little but with inflation over his ownership period being roughly only 220%, you tell me how the value went from 185K to 1.2M.
More interesting, the property sold for 651,000 6/1/73. Then it "fell" into Biden's hand for 185,000 7/1/75 It gets curiouser.
Indeed. But when you are The Big Guy you tend to get lucky fairly often. Similarly, you will recall that when Obama was buying a house in Chicago, he got lucky and chanced to meet Antoin "Tony" Rezko. Yeh, let the good deals roll.
Nice try but hardscrabble Joe would have sold his house to "buy" that one. Or did the price only tank on his shrewd investment?
Interesting that according to estimates, that property has not appreciated much since from the sales price in 1996. Sooo maybe it was bought under market by savvy Joe (a term said by no one ever) and sold above market in 1996. Hmmm
Probably the DuPonts are not foreclosed on all that often. Oops, looks like their may have been at least one other owner other than a DuPont. The subsequent owner(s) credit may not have been as good as the Duponts.
From your own source, the house was "abandoned". Maybe that's code for gifted (to Joe) I don't speak East Coast