Talk of The Villages Florida - View Single Post - Snowbird Expense Question
Thread: Snowbird Expense Question
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Old 03-30-2023, 09:45 AM
rustyp rustyp is offline
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Quote:
Originally Posted by Blymes View Post
It’s an expensive place to live. 5 out of 6 Villagers are Millionaires.
What is the definition of millionaire ? The obvious is assets minus liabilities. Many people claiming to be millionaires forget to subtract the liabilities part. I also do not include the value of a primary house. You always need a place to live be it another house, rent, assisted living, etc. On the other hand a second home in my mind is a countable asset since upon sale it does not need to be replaced. I doubt 5 of 6 in TV meet my definition of millionaire.