Can I buy a mansion?
What if I make $220K-$800K/year? You're in the top 1-5% of earners (1 to 5 out of 100 people) and likely a politician, media personality, software programmer, startup founder, website owner, petroleum engineer, lawyer, realtor, mortgage broker, executive assistant or school administrator. Now, the top 0.1% of earners make more than $1 million/year (1 out of every 1,000 people make this much) and at usually around $3 mil, you're likely an investor, small business owner, plastic surgeon, specialty physician/doctor, dentist with your own practise, professional athlete, corporate attorney or business executive of a venture-backed or public company.
Can you afford a $3 million house, if you're in the mid-range of the 1% of earners? Not very likely, unless you already have a super high net worth. How does one obtain a high net worth? Inflation has caused property prices to soar over the past 50 years, and more recently since 2008. Inheritance will be a huge net worth transfer away from the boomers to their children and grandchildren. This is why PartOwner exists, because we're helping people own part of real estate properties, mortgage free, no debt whatsoever!