To anyone who has gotten wealthy or known anyone wealthy (Colorado, withdraw)

[Info Guy]

Originally Posted by mdwstrnkid

Spend an evening or two in Hunter's Point, Visitacion Valley, or in the Tenderloin (around Turk and Taylor is a good spot) and see if your opinion changes...

Is that near Oakland? I grew up in South San Jose.

[mdwstrnkid]

Originally Posted by Info Guy

Is that near Oakland? I grew up in South San Jose.

No, in San Francisco. I'd argue that Visitacion Valley or Hunter's Point is as bad as any neighborhood in Oakland.

[LordSquidworth]

Originally Posted by Jesse69

$900K for a condo is outrageous; I think Chicago condos are in the $240K range. You can get a good house in a great neighborhood for $900K in Chicago.

San Francisco is very, very small land wise.

[mysticaltyger]

Originally Posted by mdwstrnkid

Agreed about the $8-9M net worth, but $1-2M net worth in a high COL area like the Bay Area is a good foundation, yet far from being wealthy.

But even in high COL areas, most people don't have $1-$2 million. I think you're still comparing up to people who have more than you and not noticing those who have less.

[mysticaltyger]

Originally Posted by Info Guy

Is that near Oakland? I grew up in South San Jose.

You grew up in SJ and have never heard of those SF neighborhoods. Have you lived under a rock your whole life?

[mdwstrnkid]

Originally Posted by mysticaltyger

But even in high COL areas, most people don't have $1-$2 million. I think you're still comparing up to people who have more than you and not noticing those who have less.

Yes, I know that most people don't have a seven figure net worth.

This may be a matter of semantics. I would call someone wealthy if he or she is able to stop working for an extended period (or even permanently) and maintain a modest lifestyle in that area with little financial hardship. In the Bay Area, a $1M does not go that far due to the cost of housing. At my age, it would not be easy to live off $1M for the next 30 years in San Francisco, given the cost of housing, the desire to put my kid through college, healthcare costs, etc.

[mdwstrnkid]

Originally Posted by mysticaltyger

You grew up in SJ and have never heard of those SF neighborhoods. Have you lived under a rock your whole life?

That's kinda of what I was thinking myself...

[Info Guy]

Originally Posted by mysticaltyger

You grew up in SJ and have never heard of those SF neighborhoods. Have you lived under a rock your whole life?

I have but I was very busy with school and work.

[mdwstrnkid]

Originally Posted by Info Guy

I have but I was very busy with school and work.

Kinda silly to say that there are no bad neighborhoods in San Francisco when you aren't all that familiar with the city, no?

[Info Guy]

Originally Posted by mdwstrnkid

Kinda silly to say that there are no bad neighborhoods in San Francisco when you aren't all that familiar with the city, no?

Is that near Grant Avenue?