July 28, 2013

For the Rich, $5 Million is the new $1 Million

Discuss, particularly as it pertains to Real Bay Area home values. 

From The Wall Street Journal, which also believes poor people are Lucky Duckies.

Comments (9) -- Posted by: madhaus @ 7:04 am

9 Responses to “For the Rich, $5 Million is the new $1 Million”

  1. Real Estater Says:

    Here’s where I set the bar, a.k.a. the latte test. If you can go pick up a cup of latte anytime you feel like, without feeling any financial constraint, you’ve made it.

  2. nomadic Says:

    How entitled have Americans gotten? They will only feel wealthy if they feel zero financial constraints (per the video)? That’s particularly horrifying given society’s increasing obsession with status symbols and luxury items.

  3. Real Estater Says:

    You can take comfort in the fact that the best things in life are still free, like hair on your head – especially if it’s long enough for a ponytail

  4. Dewane Says:

    The commentator doesn’t really think this is a good thing. The scariest thing about this is that, if you leave the video window open, WSJ took me to another video clip with Hanson doing some sort of an unplugged thing. Hanson?

    I love WSJ, my parents still get the print version and when I was down there visiting, my mom showed me an article about Larry’s island in Hawaii that was perhaps the most offensive puff piece I’ve ever read in my life. Apparently he’s dating a grad student now, which according to my mom is ok if you’re a multibillionaire.

  5. waiting_for_the_fall Says:

    #4- I thought Larry only dated his secretaries.

  6. Alex Says:

    Apple contractor is looking to hire 90K workers

    Seriously? Can you imagine what would happen to home prices here if Apple did not outsource these jobs?

  7. DreamT Says:

    Apple wouldn’t stay competitive and Cupertino prices would tank?

  8. nomadic Says:

    Maybe Foxconn needs those people because Pegatron is losing some business?

  9. SEA Says:

    The foreign suitcases of cash must come from somewhere.

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