Why Do Millionaires Like Los Angeles? (Vista, Culver City: relocate, income, rent)

[JerZ]

Originally Posted by TheRealAngelion

Does this help?

No, I'm not confused. I am aware of what the U.S. Census defines as the NY Metro area. What I'm saying is that the article (as far as I saw--I may have missed it) doesn't say what its criteria were in stating the NY Metro area. These could have been two different things. It is, of course, possible, but not definite, as far as I can see, that the writer of the article was going off traditional (census) data. Journalists attempt to be as factual as possible, but they do indeed spin, usually to get a better story. Having been a journalist for years, this much I can put forth as fact.

[Sassberto]

Originally Posted by JerZ

No, I'm not confused. I am aware of what the U.S. Census defines as the NY Metro area. What I'm saying is that the article (as far as I saw--I may have missed it) doesn't say what its criteria were in stating the NY Metro area. These could have been two different things. It is, of course, possible, but not definite, as far as I can see, that the writer of the article was going off traditional (census) data. Journalists attempt to be as factual as possible, but they do indeed spin, usually to get a better story. Having been a journalist for years, this much I can put forth as fact.

I think the point is that if you are going to talk about wealth in NYC but exclude Port Washington, Great Neck, Glen Cove, or Greenwich, you're not really painting an accurate picture.

[Twinkle Toes]

I hate to interrupt, but wasn't this thread supposed to be about why wealthy people like Los Angeles? Maybe we should change the name of the thread to something with New York in the title. Just a thought.

[JerZ]

Originally Posted by Sassberto

I think the point is that if you are going to talk about wealth in NYC but exclude Port Washington, Great Neck, Glen Cove, or Greenwich, you're not really painting an accurate picture.

I actually thought the point was originally the opposite. The original complaint was that too MUCH of NY was included, and too LITTLE of LA, and that was apparently why New York was cited as having a higher percentage of millionaires. The original argument was that LA had more millionaires per head, but that too little of Southern California was represented and that was why NY "appeared" to have more. That was actually what I was arguing against.

[JerZ]

Originally Posted by Twinkle Toes

I hate to interrupt, but wasn't this thread supposed to be about why wealthy people like Los Angeles? Maybe we should change the name of the thread to something with New York in the title. Just a thought.

I do think it was relevant to bring up the subject of other millionaire-rich (har! Get it? Okay, never mind) areas, since the argument was that LA was more desirable than other areas, the apparent evidence being that there are "more" millionaires in LA than other cities (or counties). If that evidence is flawed, certainly it is on-topic.

[Justabystander]

Originally Posted by TheRealAngelion

LA County is home to more millionaires than any other county in the United States with a whopping 262,800 millionaire households! (and this does not include the value of one's primary residence)

http://money.cnn.com/2006/03/28/news.../millionaires/

If LA is as bad, dangerous, and gang infested as some people on this forum claim, why do the most financially successful and affuent in the land continue to call LA home?

I read the same article. Cook County, Illinois, has far more millionaires per capita, even though it is number two behind LA. So do some of the other counties, such as Nassau on Long Island, and Middlesex in Mass. You can empty your delusions of grandure down the sink, LA is nothing special, only packed with people. Does the same theory include the most gangs and low income residents, or most illegal aliens??

[Justabystander]

Originally Posted by TheRealAngelion

LA County is home to more millionaires than any other county in the United States with a whopping 262,800 millionaire households! (and this does not include the value of one's primary residence)

http://money.cnn.com/2006/03/28/news.../millionaires/

If LA is as bad, dangerous, and gang infested as some people on this forum claim, why do the most financially successful and affuent in the land continue to call LA home?

I read the same article. Cook County, Illinois, has far more millionaires per capita, even though it is number two behind LA. So do some of the other counties, such as Nassau on Long Island, and Middlesex in Mass. You can empty your delusions of grandure down the sink, LA is nothing special, only packed with people. Does the same theory include the most gangs and low income residents, or most illegal aliens??

[newportbeachsmostwanted]

less millionaires (per capita) ...
Would that confirm that Angelenos 'look' like they have more money than they actually make?

[TheRealAngelion]

Originally Posted by Justabystander

I read the same article. Cook County, Illinois, has far more millionaires per capita, even though it is number two behind LA. So do some of the other counties, such as Nassau on Long Island, and Middlesex in Mass. You can empty your delusions of grandure down the sink, LA is nothing special, only packed with people. Does the same theory include the most gangs and low income residents, or most illegal aliens??

Per capita data is not relevant to this conversation. The survey in question was dealing with the actual number of millionaire households not percentage of households. Obviously the larger the population the smaller the percentage of millionaire households and the smaller the population the larger the percentage of millionaire households. Rancho Santa Fe, CA has the highest or nearly the highest per capita millionaire households in the US. But there are only 3000 residents. So what!

[TheRealAngelion]

Originally Posted by Twinkle Toes

I hate to interrupt, but wasn't this thread supposed to be about why wealthy people like Los Angeles?

YES! I think that question has been answered by numerous posts already. Basically, wealthy people like LA and think its a great place to live, especially if you are wealthy.