Got to back out the primary residence. You can’t sell it without replacing it. But do have to take into account the mortgage.
If you have a tent in San Francisco, you are part of the new wealthy class.
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.
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!
In SF, Bezos is just Middle Class.
A lot of idle rich out there.
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.
I have several neighbors that have substantial government pensions.
Only one couple I know lives anywhere near as well as they could.
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.