Discuss picrel. Why does everyone larp as rich?
6 million huh
>>61573097Why would you arbitrarily exclude certain assets (like a house)?The equity can be tapped into whenever.
>>61573097now remove retirement accounts
>>61573112Because houses don’t count. In most major cities, a 1M house is ghetto.
>>61573115Lmao I had some brown guy go>i have 500k in my 401k broWhat is retirement account actually. Idk
>>61573118>Because houses don’t count.I refer you to my original question.
>>61573112Houses aren't very liquid and you have to have a home to survive. Wealth is implied to be optionality, and homes have no such optionality.
Touch grass. Most people outside of /biz/ are struggling.
>>61573130Why should homes count? We already do count it sometimes hence the top 10% vs top 2.5%? Do you want a participation trophy or something?
>>61573109never happened but should have
>sets fire to your houseuh oh, someones no longer a millionaire!
Real talk, if you do own a million worth of plyboard, why not sell it, put it in an index, and rent? Surely the yield on rent is far lower than the sp500?
>>61573112It's just to show how rare millionaires actually are. Most millionaires are either completely house poor larpers or boomers with overinflated home values that they probably can't even sell for full market value right now
>>61573710Damn. Thats wild. So 2% of Americans are millionaires. And this whole time /biz/ was like 1m is nothing.
>>61573097Damn, only 2% aren't lower class?
>>61573097Ok, this makes more sense. Fuck I saw something saying 1 in 10 Americans was a millionaire. That is like weimar panic room tier shit. But if its just overinflated housing and paper millionaires that makes more sense.Also seems to be a loud red beacon screaming that housing is in a bubble.
>>61573097People either larp as rich or don't talk about finances at all because they're embarrassed about being behind. I only have a couple of friends that are willing to discuss what they actually have and investment strategies. Those that will talk numbers are usually liquid millionaires or close to it in my experience.
>>61573141Most people ON /biz/ are struggling too lmao
>>61574584Even worse than that since class isn't about how much money you have, it's about how you make your money.Actual upper class is the 0.1% or possibly even higher.If you have a job, you're not upper class.
>>61574659Most people don’t understand how hard it is to make 1 million. Social media makes you believe that everyone is millionaire and you’re stupid if you’re not. Most people only have a couple thousand to their name at most. If you have $30k in you’re bank account, you’re probably doing better than 70% of americans
>>61574631Its literally just one Indian guy posting the same image over and over. That's what most of this board is, really
>>61574719no not really, the difference of people that come to 4chins is that they dont care about social standing of spending and as such dont struggle on a similar income normies would struggle withan example if you want: flashy middle class cars absolutely not worth the sticker price
>>61573644Implying its not the property itself thats expensive but the cardboard box on it.
>>61574754> If you have a job, you're not upper class.Oh?
>>61574659> because they're embarrassed about being behind.How can anyone be “behind” when no one is rich? lol
>>61573112real estate is intentionally inflated since they use cheap mortgages to put the public into debt for life in order to make them easier to control. plus its not a liquid asset.
>>61574719Are they ?Not talking about dirty poopskins obviously, but I imagine the average white /biz/tard to be significantly wealthier than his average age group peers
