Is someone that is 65 and can survive 5 years Ultra-Wealthy?

I would never invest for a 5% return although ultra conservative investors are more than happy to see 5%.

Many of the people living on the streets in Seattle are doing that by choice,Just like you mentioned.The ultra liberal mindset of letting people do whatever they want, including heroin in the parks where my kids used to play (I have since left seattle for Mercer Island where we don’t put up with that kind of sh*t) has turned seattle into the dump that it is.

Hopefully we can all return to boasting our achievements and venting our struggles in real estate real soon.

The only ppl that will be able to buy these deals will be the ultra-rich.  

Likely a large group will be those with minimal incomes not the ultra wealthy.

According to this report, the debt would cost each resident of California $33,000 or each taxpayer $74,000And then there's the unfunded pension debt...the elephant in the room that no one talks about:https://calmatters.org/comment...And before you boast too much about California's budget surplus, let's not forget where $27 BILLION of it came from.....the Federal Govt's Covid bail-out. 

For most of us owning a home makes good financial sense compared to renting:- ultra low rates- tax write off- exempt from captial gains - 500k, married- principal pay down, equity- appreciation- potential for a HELOC (if you BRRRR rentals with cash for example)Rent is just a consumer expense, gone.

And syndications and reits are ultra passive, like watching paint dry.

It also allocates billions to other progressive efforts like renewable energy and nonprofit arts, as well as workers who don't qualify for federal aid because of their immigration status.By the numbers: While New York state income tax rates will rise and new brackets have been added, making headlines is the percentage New York City's ultra-high earners will have to pay.