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These billionaires could buy every single home in these 10 U.S. cities

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:

billionaires-buy

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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Michael is a director of Metropole Property Strategists who help their clients grow, protect and pass on their wealth through independent, unbiased property advice and advocacy. He's once again been voted Australia's leading property investment adviser and his opinions are regularly featured in the media. Visit Metropole.com.au


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