> Suddenly, 10 millionaires move in. Housing prices start to rise a little bit, grocery stores get a little more upscale and more expensive, car dealers see $$$

> Suddenly, 10 millionaires move in. Housing prices start to rise a little bit, grocery stores get a little more upscale and more expensive, car dealers see $$$ and jack up their prices Except that no; prices would almost not budge at all. Each millionaire will buy 2, maybe 3 houses. But they will target the nice and expensive home; the price/demand for middle/low class houses will not change at all. Same for car; the demand for Rolls Royce will increase and the price there might increase as well if they were being discounted because nobody was buying them. But they will not even look at the Toyota Prius and I don't see the car dealer there saying thinking "This billionaire will definitely buy all my Prisues, so I will increase their price". He will just shrug it off and keep selling his cars to the middle class whose purchasing power didn't move by an inch. The main difference he will see is that maybe the Rolls Royce dealer who could not afford a car himself because he was not selling anything will now be able to buy a Prius. So it's one more customer.