Wait until you see blackrock's real estate holdings.
this post was submitted on 06 Mar 2026
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Showerthoughts
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A "Showerthought" is a simple term used to describe the thoughts that pop into your head while you're doing everyday things like taking a shower, driving, or just daydreaming. The most popular seem to be lighthearted clever little truths, hidden in daily life.
Here are some examples to inspire your own showerthoughts:
- Both “200” and “160” are 2 minutes in microwave math
- When you’re a kid, you don’t realize you’re also watching your mom and dad grow up.
- More dreams have been destroyed by alarm clocks than anything else
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My favourite way to describe this is "the difference between a million and a billion is about a billion."
A million seconds is 11.5 days. A billion seconds is a little under 32 years.
This one is my favorite for really conveying the difference in scale.
I like to say "if a millionaire lost a million dollars, he would be broke. But if a billionaire lost a million dollars, he'd still pretty much a billionaire."
I just heard a nice comparision:
- 1 USD equals 1 second
- 1 Million USD is 12 days
- 1 Billion USD is 32 years
If a standard US citizen owns 500.000 in average - this is 6 days vs. Larry Page (120 B) with 3,840 years
That's why I believe there should be a legal limit to how many houses one can own. Even if this could be easily bypassable by registering in the name of family members, it would hardly reach such proportions
Rather than a hard cap, I like the idea of property tax rates that go on an exponential curve depending on how many houses you have beyond the one you live in, which are used either to subsidize building more housing or somehow redistributed.
It's easier to implement as a tax credit. You're entitled to a 90% rebate on the property taxes for the home you live in, perhaps a 50% credit for a home you own that a family member lives in, and no rebate for additional properties.
One major benefit of this is as soon as a lender initiates foreclosure proceedings, the taxes owed on the property go through the fucking roof. They are motivated to work with you on the loan.
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.
Philly houses are like $100K back in the early 2010s
taxes were around $2000 ish per year...
So we moved from NYC and used to be renters... but now we own the house... (well I don't have a share, its technically my parents for the time being)
So you'd think: well great! no rent anymore! perfect? Right? RIGHT?
fast forward...
Kids were more racist in school and I got bullied a lot. (I'm ethnic Chinese)
😭
I hate Philly, I rather be in NYC. 🫠
So yes, home ownership and all... but at what cost?
Ghetto ass place :/
Caused me so much anxiety and self esteem issues and probably one of the major factors into my depression.
/endrant
Sorry you have to deal with that.
Culture can be a real pain in the ass and it's especially egregious when the people who are a part of it feel no shame or remorse.
You, unfortunately, also get to see firsthand why some houses are cheaper than others.
Yes, big numbers are hard to conceptualise.
Just because you have $1M doesn't mean you can afford to own two $500k houses. Maintenance, property taxes and insurance would probably be unaffordable.
You lease out one of them...
I mean you'll get lynched by Lemmy for doing this, but that's how you realistically gonna make money from it.
So a billion is more than a million. Huh
You assume they are paying outright and not financing it over a couple decades. They own a significant more doing it that way.
You forget the part about houses being built. Housing isn't some finite resource like oil or rare earth metals.