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Reply to "How rich are people buying 1-1.5 mil homes?"
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[quote=Anonymous][quote=Anonymous]These data points don't make sense without age. For example, we are $250K HHI (one spouse working) and $6M NW but live in a 850K house. But we are mid-50s. Should we upgrade to a $1.5M house? Can't make that call without understanding who's buying those more expensive homes.. BTW, buying a $1.5M house does not make you rich. That's reserved for $3M and over in this area.[/quote] No, a $1.5 million home makes you rich regardless. Just because things here are expensive doesn't mean people with high salaries and expensive things that are less expensive than the people with even higher salaries can afford are not rich.[/quote]
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