[UncleWede]

Originally Posted by M_Six

That motorhome going to have a big window where you can sell ice cream to kids?

Nah, the van mentioned above is for "around town/schools" The motorhome is for like once a month when the wife is in the mood









To travel

[John 070]

Originally Posted by supernoob

Tell that to a 1%'r. Lolololololololol.

haha yeah but I think that when people say 1%, they are thinking of Mitt Romney, and now suddenly a net worth of 250 mil. is garbage and < 1 gucci store that trump owns...

But seriously, you go to the hospital, some anaesthesiologist wearing New Balance running shoes shows up and does his thing, seems like someone you played ball with in HS, he's a 1%'er. He has none of the homes shown in this thread, he may even drive a 2013 Accord.

(that's my cousin I've described above)

It's misleading...you have options as a 1%'er, but putting 2 kids through college and raising them? You're in a tough spot because you don't qualify for a lot of assistance out there, which you would as a 10%'er....and from my observation, it's often the people who earn less driving the flashier cars, spending more, etc.

[John 070]

Originally Posted by MrSlacker

Most of my friends think I instantly became mega rich because I got a used E92 M3. No one remembers to mention that I work 14+ hours a day, barely sleep and build everything from scratch on my own.

That was probably true in our parents' generation, when it was shameful to borrow or lease for a vehicle. Today, the majority are leased.

When you have to have cash, i.e. no finance, that's pretty tough. Like opening a franchise, where you have to put up cash and you can't borrow it.

[NemesisX]

Originally Posted by Joekerr

Where is said chart? Am curious how the distributions are.

The data below show income thresholds for the top 10%, 5%, 1%, .1%, and .01% from 2007. However, given the recession and subsequent recovery, data for 2016 are virtually identical to 2007 data.

[NemesisX]

Here are net worth thresholds for the top 20%, 10%, 5%, and 1% in the United States. This is total net worth including primary residence.

Top 1%: $6,816,000
Top 5%: $1,864,000
Top 10%: $952,000
Top 20%: $416,000

[NemesisX]

Originally Posted by John 070

haha yeah but I think that when people say 1%, they are thinking of Mitt Romney, and now suddenly a net worth of 250 mil. is garbage and < 1 gucci store that trump owns...

But seriously, you go to the hospital, some anaesthesiologist wearing New Balance running shoes shows up and does his thing, seems like someone you played ball with in HS, he's a 1%'er. He has none of the homes shown in this thread, he may even drive a 2013 Accord.

(that's my cousin I've described above)

It's misleading...you have options as a 1%'er, but putting 2 kids through college and raising them? You're in a tough spot because you don't qualify for a lot of assistance out there, which you would as a 10%'er....and from my observation, it's often the people who earn less driving the flashier cars, spending more, etc.

Too true. It's amazing how few people realize this. You'll still see snide comments in other bimmerpost sub-forums where people make wild assumptions about one's income or net worth based on the car they drive or the value of the watch they wear.

[mantis]

Originally Posted by KingOfJericho

Funny that you highlight this home when the one behind it is one of the largest private residences in the US. It's 60,000+sqft and cost something like $110M to build. It's owned by Ira Rennert (used to own AM General and still owns lots of really un-green commodity properties - mines, smelters, etc - dude is like a Bond villian)

this property is stoopid recawkulous badass

[KingOfJericho]

it's so insane...