"I would suggest that a person owning (no debt) their own home worth say, $1.5m in an area that they enjoy living in would be considered relatively wealthy in that they have a significant asset of value. Owning that home also contributes to their standard of living in that no funds are required to rent a property to live in, hence they have more funds to consume if desired."
Bundalee anyone who couldn't do better than that investing the $1.5m is a loser.
