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Nobody who own just their own single family home is rich. The opposite might be true though - somebody who doesn't own their own home might be poor.
by throwaway8877 3y ago
Nobody who own just their own single family home is rich.
The opposite might be true though - somebody who doesn't own their own home might be poor.
- ChuckMcM 3y agoExactly what I was thinking too. Hey if we can create a taxation system so that we can force people out of the home they own because their income can't cover the increases in taxes we "generate more housing" which is a win right? No you're just making paupers out of people who were just getting by before. Not something to be proud of.
- quickthrower2 3y agoIt is simple: define some arbitrary boundary to call rich, say $10m and then add up all assets minus liabilities. Maybe take tax treatment of said assets into account and risk profile (10m all in Bitcoin for example)
- SuperNinKenDo 3y agoThe article specifically discusses people with investment properties for the most part. I swear nobody jn this comment sectuon wven read the article.