Re:Manhattan rents cross $5k threshold for first time
by dredmorbius on Thursday July 14, 2022 @11:44PM
(#32104390)
The difference between a million dollars and a billion dollars ... is about a billion dollars.
The upper extremes of wealth are truly mind-boggling.
And for a family with a few million in nonliquid assets --- housing which they require to live, and investments earmarked for retirement --- a million-dollar cushion at the end of working life is not much.
(The fact that many people reach retirement with far less is not only a tragedy but a looming national catastrophe for the US.)
The upper extremes of wealth are truly mind-boggling.
And for a family with a few million in nonliquid assets --- housing which they require to live, and investments earmarked for retirement --- a million-dollar cushion at the end of working life is not much.
(The fact that many people reach retirement with far less is not only a tragedy but a looming national catastrophe for the US.)