[msrpotus]

Explains how you can buy so much property with just $1m.

[michokest]

By investing in Berlin and Barcelona, where I've paid from €50k to €150k approx per apartment, and leveraging 50-80%.

[Iftheshoefits]

Leverage. The Bay Area is an especially bad area to compare with. The single family home I own (and rent out) where I lived before I moved to SV could be purchased 5 times for the same amount it would sell for once here. I guarantee I could not rent it out for five times the rent I charge my tenants.

[inanutshellus]

"just $1m." ... I can't wait 'til I can say that with a straight face.

...

Granted, it'll probably be when candy bars are $20@. /Le Sigh/

[cylinder]

Leverage.

[Phlarp]

He lives outside the bay area! ;)