Redfin estimates Boston’s 114,212 single-family homes and condos would come at a total price tag of $76.6 billion—meaning the Microsoft co-founder would still have nearly a cool $2 billion left over if he decided to pivot into the real estate business.
Redfin’s data only took into account single-family homes and condos, so Gates wouldn’t have the entire city under his control. Still, suffice it to say, he’d have a pretty good hold of the market. And maybe he’d be able to knock the cost down by buying in bulk, freeing up money for those double triple-deckers.
Redfin’s data is based on real estate sales numbers between April 2013 and April 2014.
As an individual, nobody could buy a city bigger than Gates’s hypothetical purchase of Boston. However, family partnerships could go a bit further beyond. Walmart’s Walton family, with a total net worth of $154.8 billion, could buy Seattle’s 241,450 homes. And the Koch brothers could afford to buy every home in Atlanta with their combined riches of $86 billion.
I think I need a bath.Adam can be reached at email@example.com. Follow him on Twitter at @adamtvaccaro.