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Old 04-13-2011, 05:36 PM
 
Location: Laguna Beach CA./Denver CO.
2,370 posts, read 3,005,995 times
Reputation: 1839
While purely based on personal experience so take it for what it is worth, I have found the wealthiest people I have known in places like Newport Beach, Aspen, Malibu have trust funds
from other locations. Aspen Colorado is currently considered the most expensive place in the US, but who makes money there. All are top desirable locations but finances are generally established elsewhere.readuk does make a valid point with regards to Beverly Hills when he states there are many lower end rentals in the area. Newport Coast and Holmby Hills however is the real deal..not many low end rentals and you don't purchase for anything less than a million even for a dump. That said, if you want the real deal in prime Beverly Hills...you will pay through the nose..but the money is generally not always local. Personally not to sound snobby, I had a long time girlfriend in Bev Hills and used to hang out there alot.. I wasn't overly impressed with the scene. Give me a nice place on the beach and less haughty attitude..I'm good. When I hear people brag about Beverly Hills it doesn't do a lot for me..you say prime Newport, Malibu,Corona Del Mar..I have to admit I am green with envy.
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Old 04-13-2011, 05:45 PM
 
7 posts, read 20,312 times
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Quote:
Originally Posted by Scott5280 View Post
While purely based on personal experience so take it for what it is worth, I have found the wealthiest people I have known in places like Newport Beach, Aspen, Malibu have trust funds
from other locations. Aspen Colorado is currently considered the most expensive place in the US, but who makes money there. All are top desirable locations but finances are generally established elsewhere.readuk does make a valid point with regards to Beverly Hills when he states there are many lower end rentals in the area. Newport Coast and Holmby Hills however is the real deal..not many low end rentals and you don't purchase for anything less than a million even for a dump. That said, if you want the real deal in prime Beverly Hills...you will pay through the nose..but the money is generally not always local. Personally not to sound snobby, I had a long time girlfriend in Bev Hills and used to hang out there alot.. I wasn't overly impressed with the scene. Give me a nice place on the beach and less haughty attitude..I'm good. When I hear people brag about Beverly Hills it doesn't do a lot for me..you say prime Newport, Malibu,Corona Del Mar..I have to admit I am green with envy.
I agree. These areas are much nicer than Beverly Hills which is so overrated I can't stand it!

Don't even get me started on tick tacky Beverly Park which technically isn't even Beverly Hills, ironically. Even Pacific Palisades is nicer than Beverly Hills IMO. Give me Malibu any day.
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Old 04-13-2011, 06:48 PM
 
2,623 posts, read 2,669,909 times
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Impossible. Those numbers are wrong. That's all there is to it. I can go ahead and make up some statistics too but what's the point.

I never said Beverly Hills is that great, but it's as wealthy as any area of comparable size in the east coast.
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Old 04-13-2011, 06:50 PM
 
1,806 posts, read 1,888,304 times
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I read a statistic that Beverly Hills is 50% renters. Although the rents are high ($1700 for one bedroom on average), like another poster said, compared to Manhattan, that's 50% lower. You don't need to make 6 figures to rent a place in BH.
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Old 04-13-2011, 07:10 PM
 
7 posts, read 20,312 times
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Originally Posted by disgruntled la native View Post
Impossible. Those numbers are wrong. That's all there is to it. I can go ahead and make up some statistics too but what's the point.

I never said Beverly Hills is that great, but it's as wealthy as any area of comparable size in the east coast.
Impossible?

How? So the BEA is wrong The IRS is wrong. Census is wrong. CapGemini Metro Wealth Index is wrong. Forbes is wrong. EVERYTHING is wrong, and you're right. Because The Hills or whatever nonsense on TV told you Beverly Hills is the richest place and LA is rich, it must be?

There are no statistics you can produce that show LA matches the levels of wealth as other metros. Or that Beverly Hills is anywhere near the richest community. It can compete on fictional tv shows, but it simply can not compete in the real world.

How about this.

100 richest suburbs by average income in the USA per Census Community Survey

Notice where they're mostly in... NYC and SF, DC areas. Only 3 in the LA area. NYC area has 43 that make the list. DC, SF, Miami, Houston, all have more in the top 100 than LA. In the LA area, Hidden Hills and Rolling Hills are both richer than Beverly Hills...yes, folks, the Valley has richer neighborhoods than BH Oh the horror!

Richest suburbs by income

1 Fisher Island $682,985 Miami
2 Diablo $601,238
3 Jupiter Island $467,408 Stuart, FL
4 Chevy Chase Village $466,702 Washington DC
5 Hunting Valley $436,186 Cleveland
6 Brookville $429,525 Long Island Gold Coast
7 Westover Hills $398,883 Fort Worth
8 Hidden Hills $385,536 Los Angeles
9 Oyster Bay Cove $384,963 Long Island Gold Coast
10 Kenilworth $382,188 Chicago
11 Munsey Park $380,882 Manhasset, NY
12 Hunters Creek Village $373,367 Houston
13 Rolling Hills $369,876 Los Angeles
14 Bedford Village $366,254 Westchester County
15 Barton Creek $365,465 Austin
16 Plandome $365,228 Port Washington, NY
17 Pound Ridge $359,868 Westchester County
18 Old Westbury $356,056 Long Island Gold Coast
19 Muttontown $353,476 Long Island Gold Coast

20 Atherton $349,716 Silicon Valley
21 Woodside $349,630 Silicon Valley

22 Plandome Manor $349,562 Port Washington, NY
23 Cherry Hills Village $346,678 Denver
24 Belle Meade $342,368 Nashville
25 Chenequa $341,146 Milwaukee
26 Bannockburn $339,645 Chicago
27 Lloyd Harbor $338,730 Long Island Gold Coast
28 Sands Point $337,881 Manhasset, NY
29 New Canaan $335,708 Fairfield County
30 Old Field $334,086 Suffolk County

31 Harding Township $333,582 Morris County, NJ
32 North Key Largo $332,992 Miami-Dade
33 Laurel Hollow $323,269 Long Island Gold Coast
34 Scarsdale $322,388 Westchester County

35 Winnetka $319,268 Chicago
36 Piney Point Village $319,265 Houston
37 Manalapan $318,077 Palm Beach
38 Los Altos Hills $315,616 Silicon Valley
39 Hillsborough $314,457 San Francisco
40 Rancho Santa Fe $312,495 San Diego
41 Larchmont $311,884 Westchester County

42 Travilah $311,242 Washington DC
43 Upper Brookville $311,166 Long Island Gold Coast
44 Castle Pines $309,269 Denver
45 Village of Indian Hill $308,331 Cincinnati
46 Mission Hills $304,581 Kansas City
47 Glencoe $303,055 Chicago
48 Bronxville $297,310 Westchester County
49 Alpine $296,514 Bergen County
50 Mountain Lakes $295,869 Morris County, NJ
51 Chappaqua $293,154 Westchester County
52 Weston $290,846 Fairfield County
53 Darien $290,083 Fairfield County

54 Bunker Hill Village $290,071 Houston
55 Roslyn Harbor $289,280 Long Island Gold Coast
56 Chevy Chase Town $287,814 Washington DC
57 Saddle River $287,560 Bergen County
58 Highland Park $287,298 Dallas
59 Somerset $286,600 Washington DC
60 Fox Chapel $286,325 Pittsburgh
61 Hewlett Harbor $285,829 Five Towns, NY
62 Chevy Chase Section 3 $284,697 Washington DC
63 Hilshire $284,421 Houston
64 Glenview $284,301 Louisville
65 Lake Success $283,117 Nassau County
66 Mill Neck $282,625 Long Island Gold Coast

67 Great Falls $281,848 Washington DC
68 Lake Forest $280,172 Chicago
69 Lattington $278,699 Long Island Gold Coast
70 River Hills $278,681 Milwaukee
71 Sunfish Lake $278,463 Minneapolis
72 East Meadows $278,347 Long Island Gold Coast
73 Golden Beach $276,827 Fort Lauderdale
74 Kiawah Island $274,547 South Carolina Coast
75 Essex Fells $273,927 Newark
76 Flower Hill $273,752 Manhasset

77 South Barrington $271,366 Chicago
78 Roslyn Estates $270,274 Nassau County
79 Briarcliffe Manor $268,983 Westchester County

80 Clyde Hill $268,421 Seattle
81 Portola Valley $267,332 Silicon Valley
82 Bentleyville $266,796 Cleveland
83 Palos Verdes Estates $266,149 Los Angeles
84 Matinecock $262,828 Long Island Gold Coast
85 Plandome Heights $260,875 Manhasset, NY
86 Harbor Hills $260,335 Great Neck, NY
87 Old Brookville $259,912 Long Island Gold Coast
88 Pelham Manor $259,707 Westchester County

89 Millburn (Short Hills) $259,656 Newark
90 Weston $259,612 Boston
91 Mendham Township $259,463 Morris County, NJ
92 Ross $258,815 Marin County
93 Olmos Park $258,716 San Antonio
94 Martins Addition $258,022 Washington DC
95 Medina $257,258 Seattle
96 Minnetonka Beach $256,983 Minneapolis
97 Gulf Stream $256,474 Palm Beach
98 Westport $256,417 Fairfield County
99 Chevy Chase Section 5 $254,676 Washington DC
100 Yarrow Point $254,322 Seattle

By City

- New York: 43
- Washington DC: 8
- Bay Area: 7
- Miami/Fort Lauderdale: 6
- Chicago: 6
- Houston: 4
- Los Angeles: 3

Beverly Hills is nowhere near the richest place in the United States. Period.

Last edited by sreaduk; 04-13-2011 at 07:26 PM..
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Old 04-13-2011, 07:31 PM
 
7 posts, read 20,312 times
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To get back on topic, I'm aware Beverly Hills in general is well off. I've never denied it, but the richness of Beverly Hills is too exaggerated.

To summarize, saying "I'm from Beverly Hills" should be no eyebrow raising than "I'm from Manhattan" "or I'm from San Francisco" or "I'm from Honolulu" or "I'm from Boston"...or "I'm from Hidden Hills" lol.
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Old 04-13-2011, 10:52 PM
 
2,623 posts, read 2,669,909 times
Reputation: 1474
Um not really.

Hidden Hills is upper middle class and has like 1000 people living there. Also, it's isolated.

Manhattan it depends. (UPper east side)

San Francisco it depends. (Pacific Heights)

Honolulu? Give me a break.

OK, yeah, some people from Beverly Hills live in 1400 a month one bedrooms south of Olympic. Fine.

But saying you're from Beverly Hills generally indicates you live in a two or three story $5 million + house north of Wilshire.

Saying you're from Beverly Hills is like saying you're from the Upper East Side of Manhattan or Pacific Heights in San Francisco. Not just Manhattan or San Francisco. I believe homes in Pacific Heights are comparable to BH.

In regards to your list: Most of the neighborhoods you've listed are tiny. Like Fisher Island has a population of 467. Hidden Hills is under 2000.

Beverly Hills is more mixed yes. But it has far more people. I am sure Beverly Hills has far more zillionaires than Fisher Island and Hidden Hills put together.
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