4 ms·
When you inherit $100M in property that comes with fairly large income streams. A $600k house barely registers in the wealth / inequality spectrum the parent i
by hiddencost 3y ago
When you inherit $100M in property that comes with fairly large income streams.
A $600k house barely registers in the wealth / inequality spectrum the parent is talking about.
- balderdash 3y agoYou’re missing my point - the imputed rent on a $600k home is like $4k/mo ($48k/year) or ~$60k pre tax. Who would you rather be someone making making $40k/yr with a $600k home free and clear, or someone making $80k/yr? You don’t need to talk about the super rich to see that the median California home dramatically changes the “income” distribution