It's very easy to be a millionaire if you bought a big house or a small house in... | Hacker News

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onlyrealcuzzo on May 22, 2021 | parent | context | favorite | on: How to get rich without being lucky (2019)

It's very easy to be a millionaire if you bought a big house or a small house in a desirable area >5 years ago with the exception of 2006-2008.

With the Fed pumping out money like candy - debt isn't exactly a bad thing. It's basically a free asset.

paulpauper on May 22, 2021 [–]

I see this a lot on Reddit. People who bought homes a decade ago using mortgages are now sitting on a nice amount of equity.

walshemj on May 23, 2021 | [–]

You normally discount your primary residence when you defining what a millionaire is.

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