My favourite way to describe this is "the difference between a million and a billion is about a billion."

Once you start trying to do anything that involves employing people (e.g. running a small business) you start realising how far a million goes. 5 software engineers in an office with equipment for a year? In a European country or USA/Canada, you'll need the best part of a million. It's not just salaries. There's also employment taxes and other costs to consider.

A billion and it's now more like 750 engineers for 15 years.

That's why I believe there should be a legal limit to how many houses one can own. Even if this could be easily bypassable by registering in the name of family members, it would hardly reach such proportions

Yes, big numbers are hard to conceptualise.

Philly houses are like $100K back in the early 2010s

taxes were around $2000 ish per year...

So we moved from NYC and used to be renters... but now we own the house... (well I don't have a share, its technically my parents for the time being)

So you'd think: well great! no rent anymore! perfect? Right? RIGHT?

fast forward...

Kids were more racist in school and I got bullied a lot. (I'm ethnic Chinese)

😭

I hate Philly, I rather be in NYC. 🫠

So yes, home ownership and all... but at what cost?

Ghetto ass place :/

Caused me so much anxiety and self esteem issues and probably one of the major factors into my depression.

/endrant

Just because you have $1M doesn't mean you can afford to own two $500k houses. Maintenance, property taxes and insurance would probably be unaffordable.

You assume they are paying outright and not financing it over a couple decades. They own a significant more doing it that way.

So a billion is more than a million. Huh

You forget the part about houses being built. Housing isn't some finite resource like oil or rare earth metals.