LogFAQs > #925272449

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TopicApparently Owning Property Takes You From The Bottom 10% To The Top 20%
Taily_Po
07/27/19 9:12:18 PM
#3:


aDirtyShisno posted...
So Im eventually supposed to inherit a property from my father and doing a quick google search on it shows its valued at approximately $760,000. That alone takes me up to the 80th percentile, which is anyone with a net worth of at least $499,263.50 but less than $1,182,390.36. If I were to also inherit around $450,000, which I am most definitely not expecting, that would actually bump me up to the top 10% of the US.


Big property or just an expensive area?

Lokarin posted...
Ya, isn't it interesting that to get to the "middle class" all you have to do is not be in debt?


...or to have more assets than you do debt. After all, you can not have any debt and still be in the lower rungs.
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