Of course they are, but they are excluded from the "so and so bought for $70-100...

sokoloff on July 26, 2017 | parent | context | favorite | on: Why has regional income convergence in the U.S. de...

Of course they are, but they are excluded from the "so and so bought for $70-100K in the 70s and just sold for more than a million" calculus. The latter was my point about needing to include them in the comparison.