Millionaires are increasingly renting homes instead of buying
Briefly

Over the past 15 years, the number of households in the top 5% of net worth has almost doubled, to close to 5%, according to the Wall Street Journal.
In terms of price for value, the supply is close to zero, millionaire fintech startup founder George Goognin said of his disappointment with high-end real estate's current offerings.
That's a funny conversation we have with a lot of our clients, who say, 'Wow, I have all this money and I can't find a house,' says Ruthie Assouline.
We steadily began to realize the magnitude of the renovation process, which led us to eventually sell and rent instead, said biotech executive Arun Das.
Read at New York Post
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