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I don't even think this number is accurate for the Bay Area because of housing. I'd imaging that the amount that equity contributes to net worth around here is relatively high. There's not much you can do with equity though in terms of spending power short of taking loans on it.
1 posted on 06/21/2023 3:04:59 PM PDT by NohSpinZone
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To: NohSpinZone

Got to back out the primary residence. You can’t sell it without replacing it. But do have to take into account the mortgage.


2 posted on 06/21/2023 3:09:09 PM PDT by maro (MAGA!)
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To: NohSpinZone

If you have a tent in San Francisco, you are part of the new wealthy class.


3 posted on 06/21/2023 3:14:14 PM PDT by adorno
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To: NohSpinZone

What’s this “feel” wealthy crap? That’s irrelevant and not based in any reality, especially in San Francisco. I have an active listing at 1 TWIN PEAKS BLVD, and I pray no “feel wealthy net worth” idiot ties me up in an offer based on how rich he’s feeeeeling at the moment.


4 posted on 06/21/2023 3:18:50 PM PDT by LittleBillyInfidel (This tagline has been formatted to fit the screen. Some content has been edited.)
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To: NohSpinZone

The 2500 sq ft San Jose house (with almost no yard) my dad rented from 73 to 75 when he was PCS’d there for 2 years was $350/month and sold for $45000 new in 1972. It’s now worth $1.6M. I’ve been back and the whole area is a dump. Crazy!


5 posted on 06/21/2023 3:22:11 PM PDT by mikey_hates_everything
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To: NohSpinZone

In SF, Bezos is just Middle Class.


7 posted on 06/21/2023 3:30:09 PM PDT by nickcarraway
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To: NohSpinZone

A lot of idle rich out there.


9 posted on 06/21/2023 3:37:22 PM PDT by dfwgator (Endut! Hoch Hech!)
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To: NohSpinZone

It’s expensive to stay there as well. I have immediate family in SF - we used to stay at a ho-hum, run of the mill Holiday Inn that was $350/night.


12 posted on 06/21/2023 4:14:59 PM PDT by Bon of Babble (What did Socialists use before Candles?..... Electricity)
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To: NohSpinZone

I have several neighbors that have substantial government pensions.

Only one couple I know lives anywhere near as well as they could.


15 posted on 06/21/2023 5:02:04 PM PDT by Brian Griffin (Sandy Berger - $50,000 fine + 2 years probation + 100 hours community service + clearance suspended)
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To: NohSpinZone

My brother and my best friend lived in Bay Area suburbs as opposite ends. They are both out clean now. SF itself sucks. It is smash and grab central the minute you park your car. The laws, crime, filth and traffic suck beyond belief. The whole area is so full of left wing insanity it feels like you are visiting the Middle East. After you send 1.5 to 3.0 for a nice place the taxes and utilities will kill you and that is in the burbs. In SF I have no idea how you could even have a nice place.


17 posted on 06/21/2023 8:34:02 PM PDT by KC Burke (Diversity, Inclusion and Equity is not another way to spell GOD but it is a way to spell DIE.)
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