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0 pointshiddencost2y ago0 comments

When you inherit $100M in property that comes with fairly large income streams.

A $600k house barely registers in the wealth / inequality spectrum the parent is talking about.

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1 comments · 1 top-level

You’re missing my point - the imputed rent on a $600k home is like $4k/mo ($48k/year) or ~$60k pre tax. Who would you rather be someone making making $40k/yr with a $600k home free and clear, or someone making $80k/yr? You don’t need to talk about the super rich to see that the median California home dramatically changes the “income” distribution

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