What a stupid way to calculate well let me give you an example an 40-year-old orthopedic surgeon making $350,000 year driving a fancy car that is leased, going on expensive vacations and live in a mansion and has $500,000 saved in retirement.

that I don't believe for a second.. ever been to lake Logano  its loaded with 50 million dollar mansions..

There was recently a $1M price drop on a $10M listing, not sure that indicates a buyers market unless you’re shopping for a $9M mansion though lol.

Oh, and still not living in a mansion. 

Yeah, Larry Ellison buys Lanai, Obama's mansion and the sea wall, Zuckerberg's importing Kobe beef to his island estate & I can't have a gas generator 🙄  Tesla's driving around while during a lake Tahoe cleanup day we pulled 8k lbs of garbage outa the lake.

Do you think you're required to list this mansion at $1050 max by law?

In my old neighborhood (Georgetown Seattle - industrial chic hipster central) in the time I was there at least half dozen or so big old mansions and boarding houses (all at or near the end of their useful lives without major rehab) were demolished for townhouses.   

The gurus like GC and Jason Hartman rent multimillion dollar mansions for like $15k a month.   

I don't look at the houses on Thompson or any of those surrounding streets like smith, winikee, mansion, high, etc.  

By the way, 1.15 mil in Torrance CA is not a great mansion.