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We also got this little thing called Prop 13 in California between then and now. That and we figured out how to make really tiny transistors and the entirely n
by mertd 8y ago
We also got this little thing called Prop 13 in California between then and now.
That and we figured out how to make really tiny transistors and the entirely new industry set up shop here.
- kaycebasques 8y agoFor sure, there’s myriad factors. And the Bay Area has its own unique history. My main idea is that studying economic history has provided a rich layer of new understanding about the lives of my family.
- newsoul2019 8y agoAs someone who is not from the Bay Area, lives currently in the Bay Area, is not wealthy, and from a family that is not wealthy: I spend a lot of time ( too much time ) trying to figure out how everyone around me is wealthy. There are a lot of paths to wealth. The most common elements are previous family wealth, hard work, frugality, but also really good long-term decision making ( keep the first house you buy forever ) and skills that can't be taught (sheer will and ambition).