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To: wardaddy; MadIvan
There are parts of the US where folks worth just a million or two can't afford a really nice house.

Many of us with minimal property holdings will become millionaires by default with a few more years.

Of course by then, being a millionaire will be about as impressive as having a credit card.

24 posted on 05/08/2006 2:55:01 AM PDT by Caipirabob (Communists... Socialists... Democrats...Traitors... Who can tell the difference?)
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To: Caipirabob; bourbon

I can go back to when I graduated college and thought 100K per year was rich....1980.

I knew a fellow from NYU law who got hired by Davis Polk right outta school for 120K at age 24 and then made partner at 30 in 1980 and was guaranteed 400K/year plus partner's share

He would need that now to live in that Nassau street loft today.


38 posted on 05/08/2006 4:52:20 PM PDT by wardaddy (I am buying Shelby Steele's new book: White Guilt)
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