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birb_cromble  2d ago (text post)   586 thread views

Qeekly Finance Thread - 2026-10-24

A weekly thread to discuss financial matters - from personal all the way up to global.

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5.5m though is definitely post-economic unless you decide to live in San Fran or NYC. The main reason to live in those cities is to make money. Once you have money there are plenty of ways to live that avoid the high lifestyle expenses of those cities.

If you want to live even in Palm Beach maybe not in proper Palm you can find options. A friend just showed me a condo for 700k with 1500 sq ft that has a buyout offer at 1.75m from a developer for redevelopment. So far the HOA has said no (need 95% yes). Point is once your out of those cities you can find options in close enough to high IQ places where your home isn’t 5m.

Oh yeah, 5 million is a lot. It's rich. You're in the top 0.1% worldwide and 0.01% of people who have ever lived.

But...

We are in the richest country that has ever existed. If you start comparing yourself to the Jones's then $5 million feels very small of a sudden. In the U.S. alone, there are about 5 million households with a net worth above $5 million. And they are everywhere. Some guy in Kansas sells his insurance brokerage in 1996 for $3 million, puts it in stocks, and now he's worth $52 million. That sort of thing.

Rich people have weddings that cost 5 million dollars.

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