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Reply to "How rich are people who buy 3 million dollar houses"
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[quote=Anonymous][quote=Anonymous]We started looking at $3M homes after crossing $15M NW. Truthfully, I couldn’t wrap my head around the holding costs … heating a 7,000 sqft house, maintenance, and the enormous property tax bill. Seems like we can “fix” our current much cheaper house with a $500,000 extension. I know that seems silly given our NW, but it just seems like so much waste. Income is about $750K fyi. [/quote] I agree. There's a psychological barrier there. Personally, it seems wasteful, but then we're introverts who don't socialize much. It would certainly make more sense for families who entertain a lot, or people who must host to optimize their career path. [/quote]
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