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It's very easy to be a millionaire if you bought a big house or a small house in a desirable area >5 years ago with the exception of 2006-2008. With the Fed pu
by onlyrealcuzzo 5y ago
It's very easy to be a millionaire if you bought a big house or a small house in a desirable area >5 years ago with the exception of 2006-2008.
With the Fed pumping out money like candy - debt isn't exactly a bad thing. It's basically a free asset.
- paulpauper 5y agoI see this a lot on Reddit. People who bought homes a decade ago using mortgages are now sitting on a nice amount of equity.
- walshemj 5y agoYou normally discount your primary residence when you defining what a millionaire is.