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An average house in most Bay Area counties costs over $1,000,000. That’s even outside SF and Silicon Valley. Being a millionaire is hardly enough money to do in

An average house in most Bay Area counties costs over $1,000,000. That’s even outside SF and Silicon Valley. Being a millionaire is hardly enough money to do interesting things that require intensive capital.

chacho 5y ago
In the US. Different story in Europe or other places
- akvadrako 5y ago
  A million is not much for a flat in many major cities worldwide, but it is a lot for most places in the US.
- mbroncano 5y ago
  Most decently sized apartments in any major European city are in that range.
alisonkisk 5y ago
Land is expensive, not houses. Land is non depreciating, financed by loans, not substantially part of wealth. Houses are mostly under $300K depreciating consumables.
dragonwriter 5y ago
> An average house in most Bay Area counties costs over $1,000,000. Not unless 2 (San Francisco and Santa Clara) is more than half of 9. > That’s even outside SF and Silicon Valley. Nope, its pretty much exactly SF and Silicon Valley. https://cdn.nar.realtor/sites/default/files/documents/2021-q1-county-median-home-prices-by-state-06-21-2021.pdf https://cdn.nar.realtor/sites/default/files/documents/2021-q...