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The Number of Millionaires in the Bay Area up 10.2%
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2010 Jan 15, 9:53am 11,884 views 48 comments
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I don’t really get it.
You will have to excuse them Austin. Most of the “Californians†are from the east coast anyway.
They never saw the ocean before.
You do understand that on the east coast there is another ocean right?
B.A.C.A.H.
2010 Jan 19, 2:30pm
E-man,
The SevenTrees neighbor with the pit bulls who the landlord felt intimated by was not on the lease, nor were his dogs. See, the tenant on the lease was a hardworking steadyworking middle aged lady who was grateful to live there. The problem was the adult son who showed up, with his pit bulls and tatoos, after his incarceration ended. After he showed up, his "friends" also spend A LOT of time there. The landlord vetted his tenant well, but later on was not comfortable to confront them when I gave him warning that I would hold him accountable for anything that may happen with those dogs.
Can't say that I blame him. He lived a few miles away in Berryessa; it was no secret to his "new tenant" where he and his family lived.
You have tenants in some really rough areas. I think we both know that is gangland turf. Maybe some of them even read this website. Last thing I would do is boast that I have 100K cash sitting around. Please, for your own sake, a little bit of humility.
Wong, are you insulting me because you made a stupid comment that I pointed out or is this some form of humor that's not funny?
Anyway, Austin, another possible reason why the BA has ridiculous prices is that people are much more willing to double-up here (multi-generational living). In most parts of the country, sure some kids live with their parents maybe a few years after college to get on their feet. Here, there are lots of families that go into buying a house knowing that it's either two separate families or two generations of workers under the same roof. Then, you no longer have 2 workers for income, rather you have 4 workers who can support the mortgage. It's unfortunate for those of us who don't want to live that way. I don't know what percentage this is of the market, but it's not helping things.
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“...the number of millionaire households across the nine-county Bay Area climbed to 136,120 last year, up 10.2 percent from 123,621 in 2007″
http://articles.sfgate.com/2009-07-16/business/17217298_1_world-wealth-report-millionaires-bay-area
Hmm, meanwhile thousands more people are being and have been laid off in the Bay Area. Welcome to the aristocracy of the Bay Area. The number of millionaires in the Bay Area partly explains why many areas are still way overpriced.