The only ones who can likely "live like a Millionaire" and get away with it are Billionaires, and I'd bet many of them actually drive 10 year old cars too :)

On a long enough time line everyone that makes the right decisions would become a billionaire.

Any master planned development is a huge commitment for its developer.The only exception would be if the developer was a local 'billionaire' type developer operating a gigantic development organization. 

[IMO, his only real success is to get us to believe he's a billionaire.

Bitcoin!

Main Podcasts of choice:Bigger PocketsThe Lifetime Cash Flow Through Real Estate InvestingThe Dave Ramsey ShowWe study Billionaires - The Investors Podcast. 

@David Krulac  with all the homes you have if you would have bought in Cupertino or Palo Alto were I was raised  at the same volume you would be a Billionaire from the appreciation .. and or darn close  LOL...and I am not kidding  900 X average price of 2 million = 1.8 Billion.... crap I could have bought homes there in the 70s for under 20k each...

Take that one thing and become a world class expert at it so that people come to you for knowledge and insight into a property type they want to purchase.Tillman Fertitta the billionaire talks about ( the extra 5% ).

Today, it would likely be replaced by "billionaire".It's interesting to note that Forbes Magazine defines a "rich" person as someone whose gross annual income is $1 Million or more.Today's formerly middle class would likely define rich as someone who can afford the property taxes on the home he's lived in for the past 25 years.

How will Chinese billionaires, wanting to get money out of China before the yuan devalues, effect the price of a duplex in LA?