Comment on Assuming an average value of $500k per-house, a millionaire could own two houses and a billionaire could own the entire neighborhood

wewbull@feddit.uk ⁨2⁩ ⁨weeks⁩ ago

Once you start trying to do anything that involves employing people (e.g. running a small business) you start realising how far a million goes. 5 software engineers in an office with equipment for a year? In a European country or USA/Canada, you’ll need the best part of a million. It’s not just salaries. There’s also employment taxes and other costs to consider.

A billion and it’s now more like 750 engineers for 15 years.

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