I remember when I was a young man, there was a time when I was thinking of selling off some of the various accoutrements of my young life, and was trying to determine suitable prices. This was years before I took on any study of economics and price theory, and so I had little idea where to start; the Old Man gave me some sound advice: “Something is only worth what someone will pay you for it.”
The owner of a small, 1,200 square-foot brick house in a suburb of Chicago may be finding out now that some people will be willing to pay a lot more for that house than he expected.
Why? Because it’s where the new American pope grew up.
The small brick house in Dolton, Ill. — where drug dealers once resided after the future pope’s family sold it, according to neighbors — had been bought by a house-flipper last year, fixed up and listed for $200,000, (realtor…
