18 ms·
Where I live, if you own a house, you are a technically millionaire, no matter how broke you are otherwise. A lot of home owners I know are definitely middle cl
by ksaj 3y ago
Where I live, if you own a house, you are a technically millionaire, no matter how broke you are otherwise. A lot of home owners I know are definitely middle class.
What a millionaire was when I was a teen in the 80's, versus what it means now, is totally different.
- icedchai 3y agoYou'd need roughly $3 million today to be a mid-80's millionaire. I don't count my house as part of my net worth (it's paid off, FYI.)
- spokeonawheel 3y agoThat asserts your house is paid off....
- fragmede 3y ago$1,000,000 in 1980 is about $4 million today. Know any $4-millionaires?
- matt-attack 3y agoHouse price is meaningless. It’s home equity that matters. Someone with a million dollar house likely owns a good chunk on it.