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It's insanely humble by billionaire standards. Any FAANG SWE over 30 or so in the United States can get that. Contrast with multiple compounds, entire islands,

It's insanely humble by billionaire standards. Any FAANG SWE over 30 or so in the United States can get that. Contrast with multiple compounds, entire islands, etc.

rapidfl 9mo ago
Buffet surely made lots of upgrades and has added plenty of material comforts. But it is quite possible to be a kind of lazy where even 10-20x current wealth, people would live where they currently live. American neighborhoods are reasonable that way. It is just primary home and they would holiday/vacation wherever.
- tmule 9mo ago
  It is highly unusual for someone to stay put after their net worth increases tenfold. Normally, you would expect an individual to seek out more elite social circles and embrace a significantly more opulent lifestyle. Not having that isn’t a sign of laziness (one can be certain that someone like Warren Buffett lives exactly as he chooses) but rather a reflection of the rare ability to decide that what he has is already enough.
brcmthrowaway 9mo ago
Not the daily FAANG SWE injection
esseph 9mo ago
> Any FAANG SWE That is so few people. So, so, few people. Rough lookup says less than 150,000 people in the US, or 0.044% of the US population.
- smokel 9mo ago
  Still, slightly more than the 0.00026% who are billionaires.
- sadeshmukh 9mo ago
  They're not the only group that can afford it. They're just one that also happens to be much larger by multiple orders of magnitude than billionaires.
- rhplus 9mo ago
  Zillow estimates that home as $1.5 million. That’s not far off the current median home sales price in San Francisco and easily the median home price in many, many upper middle class neighborhoods across the country. How many households in the US can afford a $1.5m home? Assuming they need $400k then we can see that that’s a 95th percentile household income in the US, which translates to about 6 million of the US’s total 135 million households. Redfin has data showing about 8 million homes are worth $1 million plus, so 5 to 6 million households at the $1.5m mark seems about right as an estimate - or put another way - about 5% of US households could afford Warren Buffets home (but maybe not on a 95th percentile income in Omaha, Nebraska). https://www.redfin.com/news/million-dollar-homes-increasing/ https://www.redfin.com/news/million-dollar-homes-increasing/
  - esseph 9mo ago
    And yet "Majority of Americans Can No Longer Afford an Average House" https://www.statista.com/chart/32925/annual-income-required-to-afford-a-median-priced-home-in-the-us/ https://www.statista.com/chart/32925/annual-income-required-...

It's insanely humble by billionaire standards. Any FAANG SWE over 30 or so in the United States can get that. Contrast with multiple compounds, entire islands, etc.

rapidfl 9mo ago

Buffet surely made lots of upgrades and has added plenty of material comforts. But it is quite possible to be a kind of lazy where even 10-20x current wealth, people would live where they currently live. American neighborhoods are reasonable that way. It is just primary home and they would holiday/vacation wherever.

tmule 9mo ago
It is highly unusual for someone to stay put after their net worth increases tenfold. Normally, you would expect an individual to seek out more elite social circles and embrace a significantly more opulent lifestyle. Not having that isn’t a sign of laziness (one can be certain that someone like Warren Buffett lives exactly as he chooses) but rather a reflection of the rare ability to decide that what he has is already enough.

brcmthrowaway 9mo ago

Not the daily FAANG SWE injection

esseph 9mo ago

> Any FAANG SWE That is so few people. So, so, few people. Rough lookup says less than 150,000 people in the US, or 0.044% of the US population.

smokel 9mo ago
Still, slightly more than the 0.00026% who are billionaires.
sadeshmukh 9mo ago
They're not the only group that can afford it. They're just one that also happens to be much larger by multiple orders of magnitude than billionaires.
rhplus 9mo ago
Zillow estimates that home as $1.5 million. That’s not far off the current median home sales price in San Francisco and easily the median home price in many, many upper middle class neighborhoods across the country. How many households in the US can afford a $1.5m home? Assuming they need $400k then we can see that that’s a 95th percentile household income in the US, which translates to about 6 million of the US’s total 135 million households. Redfin has data showing about 8 million homes are worth $1 million plus, so 5 to 6 million households at the $1.5m mark seems about right as an estimate - or put another way - about 5% of US households could afford Warren Buffets home (but maybe not on a 95th percentile income in Omaha, Nebraska). https://www.redfin.com/news/million-dollar-homes-increasing/ https://www.redfin.com/news/million-dollar-homes-increasing/
- esseph 9mo ago
  And yet "Majority of Americans Can No Longer Afford an Average House" https://www.statista.com/chart/32925/annual-income-required-to-afford-a-median-priced-home-in-the-us/ https://www.statista.com/chart/32925/annual-income-required-...