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> So basically, California's main weakness is that too many rich people live there. California is a state where median house price is $760K, whereas median hou
by rsj_hn 5y ago
> So basically, California's main weakness is that too many rich people live there.
California is a state where median house price is $760K, whereas median household income is $75K.
If you look at that number and say "Well, clearly that's because too many rich people live there", then I'm not sure what benefit is obtained from looking at any data at all.
- ZeroGravitas 5y agoThat's almost exactly what I think. Sucks for the low wage earners who can't relocate but its a fairly predictable outcome of lots of well paid immigrants (inter and intra-national) arriving. At the urban scale this is called gentrification.