Quote:
Originally Posted by Rich Z
Generally a "millionaire" is measured by gross worth, not how much they have in liquifiable assets. Someone could have a house assessed at a million dollars, but since the market is harsh, and they may have equally harsh bills to pay, they may actually be poorer than the guy down town living in a cardboard box.
Heck, I have 50 acres here. What's that worth on paper? Could I sell it for that amount right now? Hardly.....
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I work a high rise here nothing under 2.2 mil and you don't own the building? you only own the condo on the other side of your unit door all the rest is common area & all have amenities and some of these people are only here for a couple weeks a year mega bucks! they buy em & sell em all the time! some people own two !