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Old 03-23-2015, 11:04 PM
 
Location: Miami Beach, FL/Tokyo, Japan
1,699 posts, read 1,480,468 times
Reputation: 699

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^^

No joke, plenty of rich Russians here which is why I keep bringing up Moscow. As a Serbian I automatically have a connection with many of them.

But one funny story is I have a friend here who is a club promoter, he sold maybe 45,000 USD of tickets for this club which he ended up eating because that very night some wealthy Russian flew down and purchased the club for 1 night for half a million dollars. And he brought an entourage of the finest Russian models with him on his previous planes, so if you were in that club and a guy that night, it would be dangerous, since it was like 90+% female

 
Old 03-23-2015, 11:17 PM
 
Location: Zurich, Switzerland/ Piedmont, CA
31,578 posts, read 53,123,475 times
Reputation: 14501
Quote:
Originally Posted by SDPMiami View Post
It shows the difference between Miami and San Francisco. We're a fun city, you're a work city.
Yes, Miami is a primarily a vacation city.

San Francisco has so much more:

Quote:
Twenty million members in the Eventful
community can explore 27 event categories,
post events online, advertise and share events
via social networks. From “Kids & Family” to
“Galleries” and “Festivals”- Eventful answers
the question, “What do you want to do?”

Methodology for the “Most Eventful Cities
Ranking” is based on the total number of events
listed on Eventful’s website for each city in the
U.S. To determine city ranking by category,
Eventful ranked the cities by the highest number
of events per capita.

Top 25 “Most Eventful Cities”

1. New York, N.Y.

2. Los Angeles, Calif.

3. Chicago, Ill.

4. San Francisco, Calif.

5. Austin, Texas

6. Seattle, Wash.

7. Houston, Texas

8. San Diego, Calif.

9. Atlanta, Ga.

10. Philadelphia, Pa.

11. Nashville, Tenn.

12. Denver, Colo.

13. Portland, Ore.

14. Boston, Mass.

15. Las Vegas, Nev.

16. Orlando, Fla.

17. Minneapolis, Minn.

18. St. Louis, Mo.

19. Columbus, Ohio

20. Dallas, Texas

21. Madison, Wis.

22. Tucson, Ariz.

23. Cleveland, Ohio

24. Kansas City, Mo.

25. Kansas City, Kan.

Eventful, Inc. Press Release: THE
Im just saying.


Quote:
If the tech boom didn't happen in San Francisco, almost no billionaires would be there. Whereas, Miami has no industry really and we still attract them.
Miami without beaches is a muggy swamp, and without beaches no one would ever go there.

See, I can do that too.
 
Old 03-23-2015, 11:21 PM
 
Location: Miami Beach, FL/Tokyo, Japan
1,699 posts, read 1,480,468 times
Reputation: 699
Quote:
Originally Posted by 18Montclair View Post
Miami without beaches is a muggy swamp, and without beaches no one would ever go there.

See, I can do that too.
Well there are better places in the world for beaches. Miami is a complete package of great weather (I know you claim to like San Francisco's weather but not many people do), beaches, nightlife and vibrancy. It used to be Havana but after Cuba became communist, the fun moved to Miami and got a kickstart because it was in the USA.

After all you have beaches in San Francisco, but eh. Well see how you forget to mention them
 
Old 03-23-2015, 11:39 PM
 
1,462 posts, read 1,505,102 times
Reputation: 1019
If SF is ever able to establish some nice beaches and diversify its weather better it could probably challenge Miami for economic superiority by 2050. Probably just wishful thinking though
 
Old 03-23-2015, 11:48 PM
 
Location: Dallas
282 posts, read 257,167 times
Reputation: 279
If these UHNWI view Miami as so important, why do they refuse to actually live there? Even if a small percentage of them did, Miami would at least rank #50 on the list of UHNWI but it can't even crack that.
 
Old 03-23-2015, 11:52 PM
 
Location: Seattle aka tier 3 city :)
1,078 posts, read 894,699 times
Reputation: 667
LOL is this guy for real? Southern cities such as Houston, Dallas, hell even Atlanta surpass it in economic importance, it's not even the most relevant city in its region. When Miami can make a case as the third most important city/CSA in this country than it can try fighting with the big dogs, til then it's just another pretty looking poodle growling with nothing to back it up.
 
Old 03-24-2015, 12:35 AM
 
1,353 posts, read 1,136,312 times
Reputation: 790
Quote:
Originally Posted by SDPMiami View Post
It shows the difference between Miami and San Francisco. We're a fun city, you're a work city. If the tech boom didn't happen in San Francisco, almost no billionaires would be there. Whereas, Miami has no industry really and we still attract them. We're a more desirable place to be, you just have jobs. Which is fine, I'm on that gravy train too, as I work for your tech companies albeit remotely

I think you discount a few things.

In Miami's Favor
1) You can park your yacht there (the only place that can fit so many yachts in the entire country...and that's a big investment, enough to warrant possibly tacking on a waterfront house with a 100'+ slip which frankly likely costs significantly less there than your average 100'++ yacht)

2) Property Taxes are low and there is no state income tax, among other favorable tax structures

3) Weather is warm and sunny year round which means it's easy to get to and enjoy a weather reprieve at any instant, though is obviously less desirable in the summer months (hence "season", which every Floridian knows about)

Not Working in Miami's Favor
1) As you said, no real economy, so it's more difficult to accomplish work or be a part of something down there

2) Truly lacking in cultural amenities and otherwise world class amenities, aside from world class resorts (really, Miami is lacking in EVERYTHING except for million dollar homes and condos, yachts, fancy beachfront resorts, generic chain shopping at every income level, and golf courses, which of course are huge water consumers and polluters, but in a state that banned the term "climate change", I would expect nothing less)

3) Seasonality to residents - so many second homes and literal seasons where lots of people are away creates an awkward dynamic both for permanent residents and frankly for people keeping a house there

Aside from your average fake millionaire or barely-millionaire calling Miami home (and there are lots of those, as well as a lot of scammer wealth managers, investors, and general scammers - as we all know, this comes with the territory you're putting Miami in), the really really rich who call Miami-Palm Beach home probably aren't buying houses there simply because there are lots of clubs in Miami Beach or 20 replicas of a Saint Regis up and down the coast or a bunch of non-flagship Neiman Marcuses or Saks Fifth Avenues every 3 miles to pander to your average Latin tourist roaming around. Despite what you want to tell yourself.


One thing you're failing to consider is that the Bay Area is the access point for Napa/Sonoma just 40 minutes north. I don't think you realize the kinds of people throughout the world that keep vineyards there (and not only is it a real estate investment, it's a hobby AND a business and is very rewarding if done right...as opposed to a basic waterfront mediterranean mansion or minimalist condo which as a piece of real estate does nothing but park money). This includes several royal families and families like the Rothschilds. Not only that, the Bay Area is the access point for Tahoe and for Carmel (where Pebble Beach is in case you're not familiar). Similarly, LA is the access point for Santa Barbara. Santa Barbara and Carmel are very similar, the latter possibly being a bit more discreet and out of sight/out of mind than SB (where there is a UC campus of all things, and where Oprah Winfrey has a home...as well as in SoFla we all know).

The world class outdoor amenities and available countryside real estate a stone's throw from SF is hard to beat, in the world. You also have a truly world class city with amazing real estate all on its own. Not uncommon for someone of global importance to have something within ~1-3 hours of the city and at minimum enjoy frequent stays in the city on trips if not keep a pied--terre in the city.

The difference being that there are no tropical beaches nearby (though there are beautiful beaches up and down the CA coast that are breathtaking, perhaps even moreso to some people), and no plethora of super high end resorts relative to Miami. People have a lot less available space than in Miami, so where possible, people of affluence tend to prefer owning a house or estate over a condo or co-op/TIC.


Quote:
Originally Posted by SDPMiami View Post
Eh SoFla is very gay too. I know you're trolling, because you think it makes you seem more intellectual to be in the Bay Area. But it's ok, keep trying. Anonymous elitist
You're right. SoFla is very gay. And FTL has about the worst, most despicable scene in the entire country, and Miami Beach is filled with vapid interior decorators who think they're special because they design the interiors of the condos that all those anti-gay Russian oligarchs buy I couldn't possibly imagine being gay in a state or city that offers little to no protections (especially against a relatively openly hostile towards LGBT population) and won't even let gays adopt.

There is nobody who on a whim decides to move to the Bay Area to "feel intellectual", especially when it's the most expensive area in this country and you have to be a solidly smart and capable, hard working person to lock down a job at the prestigious firms/home offices that locate there. There are a lot of people who get transferred there or find jobs there after college/grad school, likely from a top tier school, and are paid enough to afford it, even if that means a relatively modest lifestyle at 6 figures compared to how said people could maybe live in Houston, Atlanta, or Chicago. But people have real jobs, make real money, and live real and honest lives (why is it that nobody in Miami ever wants to know what you're doing for a career?..."No...don't tell me anything, I don't want to hear it."). Instead of trying to keep up with material accumulation, people are trying real hard to make a difference, and to focus on staying active and enjoying the countless activities that one can only really do in San Francisco.

The open collaboration, tolerance, and sheer concentration of brilliant people in one place is a draw for both companies and the people they are trying to hire. It's a different type of person that moves to the Bay Area than a person who moves to Miami. It's a different type of person that would rather have a vineyard or a retreat in Carmel or a mountain house/chalet in Tahoe than a person who only thinks to buy some "pad" in South FL. Not saying one's a better person than the other and there IS plenty of overlap I'm sure (because nobody's keeping a yacht on the W Coast and Miami is really it), but the people that inhabit both areas are very very different.

Queen Rania of Jordan and Kim Kardashian are both UHNWI. Kim K spends more time in Miami and has a "pad" there. Queen Rania makes frequent trips to San Francisco for visits and keeps a vineyard in Napa.

I'm just saying...
 
Old 03-24-2015, 07:10 AM
 
Location: Miami Beach, FL/Tokyo, Japan
1,699 posts, read 1,480,468 times
Reputation: 699
Quote:
Originally Posted by anonelitist View Post
I'm just saying...
You can say whatever you want. But at the end of the day, you're not rich nor do you really know how they think. A study was done, and it shows that the rich from around the world much rather have a secondary residence in Miami than San Francisco. So much so Miami gets 6 and San Francisco gets 19, this rating despite the fact San Francisco has more local homegrown UHNWI from her industry and the most important category being how many actually UHNWI have their primary residence live there.

So face it, you're a work city. No different when Detroit was the "richest" city in the USA. But people have more fun in Miami and want to be here despite the fact we have no real industry. Work vs play.

So keep saying.
 
Old 03-24-2015, 07:16 AM
 
Location: Miami Beach, FL/Tokyo, Japan
1,699 posts, read 1,480,468 times
Reputation: 699
Quote:
Originally Posted by Calisonn View Post
LOL is this guy for real? Southern cities such as Houston, Dallas, hell even Atlanta surpass it in economic importance
Miami is not about jobs, it's about fun. The truly rich don't need jobs to live here, but they choose to anyway because we're a fun city. More fun than Houston, Dallas, Atlanta, and yes San Francisco. If San Francisco was more fun, I'd be living there. But it's not.

The middle class can't really live here because jobs here are close to nonexistent. Tech jobs here pay about half what they do in San Francisco, if not even less. We're the worst market in the USA for paying jobs. But what's funny is people from NYC, California, and other places fight to live here despite that. I wouldn't live here if I didn't have a remote job. But since I can live wherever I want, I choose to live in Miami.

Face it, Miami is the choice of people who don't need to be tied down due to their job. Those other cities (except Atlanta for black people) are the choice of people who need a job and to be there physically to do it.
 
Old 03-24-2015, 07:21 AM
 
Location: Zurich, Switzerland/ Piedmont, CA
31,578 posts, read 53,123,475 times
Reputation: 14501
Quote:
Originally Posted by SDPMiami View Post
You can say whatever you want. But at the end of the day, you're not rich nor do you really know how they think. A study was done, and it shows that the rich from around the world much rather have a secondary residence in Miami than San Francisco.
YES ABSOLUTELY. A survey of financial advisors revealed that Miami is a location of secondary homes for the rich while an actual census of UHNWIs by Wealth-X shows that San Francisco is a city of PRIMARY homes for the rich.

San Francisco: Primary
Miami: Secondary

I agree 100%.
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