Mark Zuckerberg: Billionaire and renter

So, you built Facebook into one of the most popular sites on the web. You're a billionaire. What do you do with your piles of money? Rent, of course.

Mr. Zuckerberg isn’t ready to build a massive estate similar to many other tech titans’ homes. He doesn’t even want to be a first-time homebuyer – or leave the neighborhood. According to Gawker, Zuckerberg’s new home is another rental in the College Terrace area just seven blocks away from his old house. ... Now, Zuckerberg resides only a few steps away from Facebook Headquarters.

In this housing market, all the smart people are renters!