> Having a $1M house doesn't make one a millionaire; it might come with an $800,000 mortgage, Sure, but being able to swing a $800k mortgage is almost the sa

> Having a $1M house doesn't make one a millionaire; it might come with an $800,000 mortgage, Sure, but being able to swing a $800k mortgage is almost the same thing. You'd need an income of roughly $200k/yr, which would put you well above the top 10% of incomes nationwide.