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How can any of these people have a net worth less than $50k? Surely they have a car or house. Two cars and they are already close to $50K. Any house in Calif
by austin-cheney 2y ago
How can any of these people have a net worth less than $50k? Surely they have a car or house. Two cars and they are already close to $50K. Any house in California will be a minimum of half a million and that's a burned down garage without plumbing.
EDIT: Looking through the data it includes physical assets such as personal residential property, automobiles, and airplanes.
- justsocrateasin 2y agoI believe it's just stock portfolios as net worth, but I could be wrong
- dewey 2y agoNo, as it also lists bank accounts and 401k: https://www.quiverquant.com/congresstrading/politician/Alexandria%20Ocasio-Cortez-O000172 https://www.quiverquant.com/congresstrading/politician/Alexa...
- 317070 2y agoI reckon this is only measuring the size of their stock portfolio.
- kej 2y agoFrom the bottom of the page: >This estimate does not include the value of the individual's primary residence, or any outstanding liabilities.
- fallingsquirrel 2y agoShouldn't it just be called a Portfolio Tracker then? If they wanted to include the primary residence, they could. The data is out there. Zillow lists historical sale prices for any house.
- deleted 2y ago[deleted]