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I half-joked on Reddit that folks in Atherton or Palo Alto might do it just to troll their neighbors. Not every rich person likes every other rich person; if y
by nostrademons 5y ago
I half-joked on Reddit that folks in Atherton or Palo Alto might do it just to troll their neighbors. Not every rich person likes every other rich person; if you've had a rocky relationship, what better way to get even than to make your uptight neighbors live next to a bunch of ordinary people?
You'd have way better liquidity too. It's hard to sell a $15M estate. It's significantly easier to sell a pair of nice duplexes, each on 1/2-acre lots with double ADUs on each. You could probably get more than $15M in total for them too, since 8 units with an Atherton zip would rent for a pretty penny.