Given that the average American struggles to afford a home, Redfin wanted to illustrate just how many homes the wealthiest Americans (either individually or combining their family wealth) could buy.
And they came us with this fascinating graphic:
Microsoft co-founder Bill Gates could buy all of the homes in Boston. Amazon.com CEO could do the same in Napa, while Google co-founder Larry Page could do so in Boca Raton.
Gates, for example, could buy every one of the 114,717 single-family homes, condos and townhouses in Boston for a value of $76.6 billion.
Nela Richardson, chief economist at Redfin says:
“In this fictional real estate investment, the 30 billionaires on our list, with a combined fortune of $582 billion, could afford to own a staggering 6 percent of the total U.S. home equity,”
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