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The "10Ks of millionaires" figure is striking, but the Bay area is ~8M people and ~2.5M households, so thats ~1-4% of households are millionaires. People using
by pchristensen 13y ago
The "10Ks of millionaires" figure is striking, but the Bay area is ~8M people and ~2.5M households, so thats ~1-4% of households are millionaires. People using liquidity cash to buy houses isn't nearly a strong an effect regionwide as high salaries and building restrictions.
- uvdiv 13y agoLots of cities have a 1-4% millionaire density. By The Economist's definitions, Frankfurt is over 7%. NYC has 400,000 millionaires (5%). http://www.economist.com/blogs/graphicdetail/2013/05/daily-chart-7 http://www.economist.com/blogs/graphicdetail/2013/05/daily-c...