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Not quite, because you can be house-poor due to luck with owning, and also owning a ‘bad’ house in, say, New York City would give you a high paper net worth whe
by bobthepanda 3y ago
Not quite, because you can be house-poor due to luck with owning, and also owning a ‘bad’ house in, say, New York City would give you a high paper net worth when comparing to the entire country.
- Izikiel43 3y agoThat’s why I mentioned income, not net worth.
- bobthepanda 3y agoThere are also large differences in salaries and income across the country due to variance in cost of living. Poor in New York may be a decent wage in Gary or Biloxi.