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That's pretty wealthy by most standards, isn't it?
by personjerry 11y ago
That's pretty wealthy by most standards, isn't it?
- colinbartlett 11y agoI think the point was that you don't necessary need wealth (assets) for which the threshold is $1 USD Million excluding the value of your primary residence. You can instead have a high income (the $200k mentioned) and zero wealth. I suspect that many more people qualify as accredited under the income requirement than qualify under the asset requirement.
- ddlatham 11y agoI suspect the opposite http://money.cnn.com/2014/03/14/news/economy/us-millionaires-households/ http://money.cnn.com/2014/03/14/news/economy/us-millionaires...
- pjlegato 11y agoYes, though in San Francisco it isn't, because the cost of living is so insanely high.
- TuringNYC 11y agoYes, except in places like SF. That sort of income wont afford you more than a 1br (assuming you want to buy.)