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This is rather hard to believe since Stanley clearly states the average value of house for his survey group is $277,640 table 8.8That is all 773 of his survey sample...You have to be very careful in Stanley's book. With the high end people (>20M) the median and average get skewed upward. Remember, his average net worth millionaire is around 3 million net worth. You also have to be careful not to confuse Stanley's study of the 733 millionaires with other survey's of other millionaires by other groups. Like the IRS study of ALL millionaires (not the 733) in Table 8.8.
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