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> Someone that owns a $15M house and has very little other liquid assets is not poor, but they definitely don't qualify as wealthy. Assuming they own the house
by cjrp 1y ago
> Someone that owns a $15M house and has very little other liquid assets is not poor, but they definitely don't qualify as wealthy.
Assuming they own the house outright, that absolutely does qualify as wealthy.
- e40 1y agoI didn't say it wouldn't. I said it didn't qualify as ready cash.
- JadeNB 1y ago> > Assuming they own the house outright, that absolutely does qualify as wealthy. > I didn't say it wouldn't. I said it didn't qualify as ready cash. I think you did say it didn't qualify as wealthy (https://news.ycombinator.com/item?id=45301176 https://news.ycombinator.com/item?id=45301176): > What people normally mean by wealth is easy access to cash. Someone that owns a $15M house and has very little other liquid assets is not poor, but they definitely don't qualify as wealthy. Anyway, whatever it is, I think litigating Lynch's level of wealth on HN is probably not the most useful direction for this comment thread.
- WalterBright 1y agoYou can borrow against the house, and spend the cash.