Number of millionaires in sf bay area
https://www.cnbc.com/amp/2024/05/07/worlds-richest-cities-new-york-tops-new-list.html It says around 307500. I am pretty sure this number is doubled by now. And its population is around 7 million . That makes it to top 10 percent of bay area. If i am missing soething. Now lets take blind poll - if your nw is 1m.
CNBChouse equity is the most bullshit measure lmao. remove that shit from the poll or change it to āiām a millionaire only if you include house equityā being house poor is a very serious issue with tech workers that no one in the bay area is willing to admit but want to flex ābeing a millionaireā anyway.
Why if they sell their house. Atleast they will get some equity. By that logic 401k shoudnt be included as well as its golden handcuffs. I dont have a house anyway
you also include your couch, watch, car, furniture, and toiletries in your net worth calculation donāt you?
Yes you are missing something, a factor of 10
this is like counting Delta platinum members at ATL airport. Everybody is one
I just told you its just 10 perc in bay area. Thats not everyone
Look at house prices in Bay area. It forces you to earn to afford a life here
everyone i know is a millionaire. millionaire is poor in bay area bro
Thats blind echo chamber for you
Where are the 1000 trillionaires?
Every software engineer in the Bay Area is a millionaire.
Equity on primary residence is not counted towards net worth.
WTF š³ Of course it is. Personally I use the term ānon-housing net worthā when Iām projecting things like retirement 3% rule and such.
spoiler alert: people that include this shit are what we call āhouse poorā