- Astrodome To Open to the Public for Indoor Selfies, Monster Trucks, Dome Dogs on April 9 in Honor of Its 50th Birthday [HBJ; details]
- Tiger Woods’ North Houston Golf Course Bluejack National Will Feature Residential Development of 234 ‘Estate’ Lots, 5 ‘Homestead’ Lots, 23 ‘Sunday Homes,’ 96 ‘Cottage Homes,’ 28 Condos [HBJ]
- Asking Price for Steel Heights House Designed by Cameron Armstrong with Fake Grass Now Down to $1.225 Million [Culturemap; previously on Swamplot]
- Whole Foods Opening at 1407 South Voss in Former Flagship Randall’s Spot Wednesday [Prime Property; previously on Swamplot]
- Pier 1 Imports, Cadence Bank, Starbucks Headed to Hughes Landing [Houston Chronicle]
- Closed Since December Over Landlord Dispute, Simone on Sunset To Reopen in Rice Village Space in May [Culturemap]
- Houston Has the Fastest-Growing Multi-Millionaire Population in the Country, According to New World Wealth [Houston Chronicle]
- Frontage Roads Open Ahead of Grand Pkwy. at I-45 Interchange [Houston Public Media]
- White Oak Bayou Bridge One of the Busiest At-Risk Crossings in the Country, According to Report [Houston Chronicle]
- Galveston Will Be Spared from Large Landings of Sargassum This Year, According to Forecasts [Galveston County Daily News ($)]
- Galveston Researchers Using Seaweed To Build Dunes That Support Plant Life, Protect the Seawall [Houston Public Media]
- Origins of Houston Neighborhood Names [Mental Floss]
- How a Houston-Based Reconditioned Diesel Transit Bus That Sleeps 6 Is Helping a Little Known Field of Art Practice Spread Around the Country [OffCite]
Photo of demolition of John West Wellness Center, 2247 San Felipe St.: Swamplot inbox
Headlines
Re: increase in amount of millionaires.
It may also have something to do with the fact that a million dollars is not what it used to be. Most people earn several million dollars in their lifetime (and spend). You can’t buy a house in any of the top tier neighborhoods in Houston for a million. And you can’t retire on a mere million dollars anymore due to longer life expectancy, property taxes, and projected cost of healthcare.
The average college graduate will not earn more than a couple million dollars over the course of a working life. Assuming ownership of a paid-off house in a median-value neighborhood, I’d gladly take the challenge of retiring on a million-dollar portfolio. Of course, we all have different ideas of what a “retired” lifestyle looks like.
I sure hope I have more than a million dollars saved up when I retire. Hopefully several million.