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But what is "low income" over there anyway? 110K a year?
Not quite. 88k is the cutoff for housing assistance. But the median income is 89k, suggesting many can't afford a home.
There's a similar area closer to home. The "inner suburb county" of Long Island — Nassau has a median home price slightly higher than Marin. Housing price change in Nassau was very minor in the last 5 years while Marin took a large hit.
I heard about this a few weeks ago and it put a nice smile on my face and a giggle in my belly!
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