NY Times: Why Are More Millionaires Renting?

does a millionaire own a property, rent it out, and live somewhere else? Did two millionaires with low interest rates basically swap houses? They're renters!

This millionaire count is also deceptively low. Only lists a couple hundred millionaires in the entire Seattle area.

> Of course, most affluent people still prize homeownership. The number of millionaire homeowners reached 143,320 in 2023 — more than 10 times the amount of millionaire renters.

That few? Does this not count the actual value of the owned home?