alt Hacker News> Any FAANG SWE
That is so few people.
So, so, few people.
Rough lookup says less than 150,000 people in the US, or 0.044% of the US population.
Replies
sadeshmukh • today at 9:18 AM
They're not the only group that can afford it. They're just one that also happens to be much larger by multiple orders of magnitude than billionaires.
smokel • today at 8:38 AM
Still, slightly more than the 0.00026% who are billionaires.
Zillow estimates that home as $1.5 million.
That’s not far off the current median home sales price in San Francisco and easily the median home price in many, many upper middle class neighborhoods across the country.
How many households in the US can afford a $1.5m home? Assuming they need $400k then we can see that that’s a 95th percentile household income in the US, which translates to about 6 million of the US’s total 135 million households.
Redfin has data showing about 8 million homes are worth $1 million plus, so 5 to 6 million households at the $1.5m mark seems about right as an estimate - or put another way - about 5% of US households could afford Warren Buffets home (but maybe not on a 95th percentile income in Omaha, Nebraska).
https://www.redfin.com/news/million-dollar-homes-increasing/