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He is still a millionaire. He could sell it and live like a king in many places in the US. A million still goes far even in many places in CA like Lake County,
by blackguardx 10y ago
He is still a millionaire. He could sell it and live like a king in many places in the US. A million still goes far even in many places in CA like Lake County, Humboldt, or the East side of the Sierras.
- user5994461 10y ago$100k would allow to live like a king in many places in the world. While I understand the reasoning, I'm don't understand what's your point.
- blackguardx 10y agoThe parent was postulating that his father wasn't a true millionaire because only his house was worth a million dollars. I was suggesting that his father was a true millionaire because he has the choice to liquidate his holdings if we so wishes. Do you disagree?
- user5994461 10y agoI think that "millionaire" used to designate an incredible wealth. If you're 60 and you have to pick between having 1 million in cash or having a roof [in a moderate sized flat] over your head, you're not doing that well.