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The sad truth here is that "millionaire" doesn't mean a damned thing these days. In many cities a crappy crack den looking house in a terrible neighborhood cost
by astrodust 7y ago
The sad truth here is that "millionaire" doesn't mean a damned thing these days. In many cities a crappy crack den looking house in a terrible neighborhood costs more than a million dollars.
- ivalm 7y agoNot really. Even in bay area there are plenty of places that are better than crack dens for 1mil. But yes, a few places in the world are very expensive.
- astrodust 7y agoBy a very broad definition of "bay" and "area", as in completely excluding the valley.
- ivalm 7y agoMedian home price in Daly city is $936k https://www.zillow.com/daly-city-ca/home-values/ https://www.zillow.com/daly-city-ca/home-values/ Median home price in San Jose is $1054k https://www.zillow.com/san-jose-ca/home-values/ https://www.zillow.com/san-jose-ca/home-values/ Median home price in San Bruno is $1089k https://www.zillow.com/san-bruno-ca/home-values/ https://www.zillow.com/san-bruno-ca/home-values/ Yes, Menlo Park/Palo Alto/Mountain View are expensive but they don't fully define Bay Area. The cities I showed and more are definitely within Bay Area. And their median house is not a "crack shack."
- astrodust 7y agoWhat I mean by "crack shack" is unremarkable home or one in a severe state of disrepair, where the land itself is worth a million dollars. Those aren't too hard to find when the median home is a million dollars.