Perhaps the most interesting part of the article:

          • @derf82@lemmy.world
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            -42 months ago

            Still mostly million dollar plus homes. 8-12 times what my Midwestern home is worth. Hell, a freaking empty lot in Altadena is worth more than my house.

            • TheLowestStone
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              22 months ago

              That doesn’t necessarily make them rich. The combined salaries of my partner and I would make us “rich” in some parts of the country but we rent an apartment and almost live paycheck to paycheck.

              • @derf82@lemmy.world
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                -32 months ago

                If they are not rich owning a million dollar asset, then I’m poor as fuck.

                Living paycheck to paycheck doesn’t make you not rich. It just means you spend what you make. Plenty of rich people do that.

                • TheLowestStone
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                  22 months ago

                  If you spend what you make, you’re not rich. You’re pretending to be rich.

                  • @derf82@lemmy.world
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                    -12 months ago

                    Some people can spend $50m a year. Just because you can spend it all doesn’t mean you are not rich. Also, there mere existence of richer people doesn’t make you not rich.