Subject: Re: OT-top 1% Net Worth
Including the primary residence is cheating. Maybe include 30% of house equity, similar (except as an asset) to how we count 30% of float as liability for BRK.
It is not hard for a person in a high cost-of-living area to be a millionaire if they bought a home > 4-5 years ago. Where are they going to go? Middle of West Virginia is not a practical option for many. Neither is renting.