Interesting point I never considered. Is the cut off for UC really just 1 millio... | Hacker News

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		brutus1213 on May 13, 2024 \| parent \| context \| favorite \| on: The Age of Rage: Why Are People Are So Angry? Interesting point I never considered. Is the cut off for UC really just 1 million dollars in net worth? Seems implausible given house prices in places like California. Is essentially every home owner UC?

aeonik on May 13, 2024 [–]

Net worth means after debt is subtracted.

If I convinced the bank to loan me 1 million dollars for a 1 million dollar house, my net worth would remain unchanged.

https://wikipedia.org/wiki/Net_worth

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