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Billionaire is the new millionaire
Posted by No Snaab (more from No Snaab) on Thu, 10 Mar 2011 07:50:33
In Reply to: What's a MILLIONAIRE ?, STICKMAN, Thu, 10 Mar 2011 07:14:34
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The term millionaire simply refers to having assets worth a million bucks. There's still places in the conuntry where it'll take you a long way but if you want to live someplace like Aspen not so much. A vacant lot or "tear down" goes for around 3 million (property taxes would be $30K a year--on a vacant lot!) Put a seven or eight million dollar house on the lot and you'll have a nice, run of the mill place. Now if you'd like to make a real splash, you'll need to haul in about 30 or 40 million in your 20 million dollar private jet (to get to and fro from your other multi-million dollar estates). Even if you won the lottery you could spend it all in a day or two if you tried to be a player in a place like this. If I didn't get a free place to live as part of my job I'd be out of here like a shot. I'll be very happy on the day I can return to Michigan where sanity prevails.
posted by 208.72.4...
Posts in this Thread:
- What's a MILLIONAIRE ?, STICKMAN, Thu, 10 Mar 2011 07:14:34
- Hanging out on the bridge......, Mike Lynch , Thu, 10 Mar 2011 15:51:59
- It's all relative.., AlS, Thu, 10 Mar 2011 14:16:11
- Correction - You need about $2 Million to retire....., MI-Roger , Thu, 10 Mar 2011 13:48:51
- I'm a "Swedish" millionair. If that count for anything?, SWEDECAR , Thu, 10 Mar 2011 11:30:42
- Re: What's a MILLIONAIRE ?, Reality, Thu, 10 Mar 2011 10:23:29
- Billionaire is the new millionaire, No Snaab, Thu, 10 Mar 2011 07:50:33 <-- Viewing This Message
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